CBN Deputy Governor explains depreciation in Naira’s value

cbn By NAN The Deputy Governor, Corporate Services Department of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has attributed the depreciation in the value of the Naira to the effects of the COVID-19 pandemic on the economy. Adamu stated this at an interactive session with the House Committee on Finance on the 2022-2024 Medium-Term […]

No plan to convert dollar account holdings to naira, says CBN

Godwin Emefiele of CBN. Photo: NAIRAMETRICS By Geoff Iyatse ‘We will ensure full compliance with new rules’ The Central Bank of Nigeria (CBN) has assured the public that it will monitor the deposit money banks (DMBs) to ensure they comply with set rules and meet the legitimate foreign exchange needs of Nigerians. This came as the […]

CBN policies ‘ll quicken exit from recession – Coalition

Ndubuisi Orji, Abuja A coalition of youth groups has said that the economic policies of the Central Bank of Nigeria (CBN) will quicken the exit of the country from the current recession. The coalition, which consists of Arewa Consultative Youth Movement, Ohaneze Ndigbo Youth, Oduduwa Youth Forum, South South Youth Council and the Middle Belt Youth […]

EndSARS protest: FG, CBN and hounding of promoters

Omoniyi Salaudeen The youth restiveness as precipitated by the recent EndSARS protests in some parts of the country still remains a talking point in the country. Since the sudden eruption of the crisis that threatened the fabric of the nation, the desire for sustainable peace has been the major concern of the stakeholders. The only […]

CBN secures order to freeze accounts of 20 #EndSARS protesters

By Ikechukwu Nnochiri The Abuja Division of the Federal High Court has granted the Central Bank of Nigeria, CBN, the nod to freeze accounts of 20 #EndSARS promoters. The order followed an ex-parte order the apex bank filed through a team of lawyers led by a former Attorney-General of the Federation and Minister of Justice, […]

CBN’s Battle to Safeguard the Naira

CBN Governor, Mr. Godwin Emefiele Going by the present volatility in the macroeconomy, the Central Bank of Nigeria (CBN) cannot afford to allow saboteurs ruin its current efforts to maintain price stability as well as support the recovery of the economy, writes James Emejo Undoubtedly, these are not the best of times for the Nigerian […]

CBN: Economy Recorded $42.7bn Forex Inflow in First Quarter

Obinna Chima The aggregate foreign exchange (forex) inflow into the Nigerian economy in the first quarter (Q1) 2020 was $42.71 billion, the Central Bank of Nigeria (CBN) has said. CBN, in its economic report for Q1 2020 obtained on its website yesterday, said the amount of forex inflow recorded in the period under review indicated […]

Emefiele assures investors of safety of investment in Nigeria

Godwin Emefiele By Mustapha Sumaila  Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors of the security of their investments in the country in spite dwindling revenue from the sale of crude oil globally. The CBN’s Director, Corporate Communications Department, Mr Isaac Okoroafor, in a statement on Sunday, said Emefiele gave the […]

COVID-19: Can Africa Afford Lockdown? – By Prof. Chukwuma Charles Soludo

By Prof. Chukwuma Charles Soludo | NNP | April 24, 2020 –This piece summarizes my contribution to an African debate. From Johannesburg to Lagos, Cairo to Dakar, Kinshasa to Kigali, Nairobi to Accra, etc the debate on how Africa should respond to the global coronavirus (Covid-19) pandemic is raging. At an African regional policy platform, […]

Sanusi: The Dethronement of a non-Conformist – By Dr. Jideofor Adibe

By Dr. Jideofor Adibe | Nasarawa, Nigeria | April 3, 2020 –  The dethronement of Alhaji Muhammad Sanusi as the 14th Emir of Kano did not take many people by surprise. The surprising thing for some people is that he lasted as long as he did on the throne. In fact there were rumours that […]

PDP begins sale of nomination forms ahead of National Convention

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