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 […]

Senate Panel Vows to issue warrant of Arrest on CBN Governor over $289m

Senate on Public Account on Tuesday considered issuing warrant of arrest on Governor of Central Bank, Godwin Emefiele over failure to appear before the Committee on release of $289 million to former National Intelligence Agency (NIA), Ayo Oke in cash. Speaking on the investigation, the Chairman of Senate Committee on Public Account, Senator Matthew Urhoghide […]

Senate confirms Obiora as CBN Deputy Governor

By Kingsley Okoye The Senate on Thursday at Plenary confirmed the nomination of Dr Kingsley Obiora as Deputy Governor of the Central Bank of Nigeria (CBN). The confirmation of Obiora, followed the receipt of the report of the Committee on Banking and Insurance, and consideration of same at the Senate Committee of the Whole. President […]

CBN Governor risks prison over $53m Garnishee Order

The Governor of Central Bank of Nigeria, Mr. Godwin I. Emefiele risks being committed to prison for failing to honour a Garnishee Order Absolute to pay the balance of$53m due and payable under the said Order to Mr. Joe Agi (SAN) and team of lawyers that facilitated the Paris Club fund matter for the Federal […]

External reserves sink below $40bn

‘Femi Asu The nation’s foreign exchange reserves have slumped below the $40bn mark, hitting their lowest level in 22 months, latest report from the Central Bank of Nigeria has shown. The external reserves, which have been on a downward trajectory in recent times, dipped by over $5bn in the last five months. The reserves rose […]

CBN targets 20% increase in micro-credits by 2020

Omodele Adigun, Uche Usim and Chinwendu Obienyi In a bid to increase access to financial services for the nation’s economically active poor, enhance job creation and reduce poverty, the Central Bank of Nigeria (CBN) has said that it will be targeting an increase in total micro-credits to at least 20 per cent by 2020. This was even as it […]

Kidnap: Buhari orders security operatives to rescue CBN gov’s wife within 24 hours

Following the kidnap and rescue of Mrs Margaret Emefiele, wife of the Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, the CBN boss has expressed gratitude to President Muhammadu Buhari over his directives to the security operatives to rescue his wife within 24 hours. Emefiele gave his gratitude in a statement released in Abuja on […]

Nigeria’s economic woes, self inflicted, says Soludo

A former Governor, Central Bank of Nigeria, CBN, Prof. Charles Soludo, said, yesterday, that the economic recession Nigeria is experiencing was self inflicted, insisting that oil, for most part of the country, had been a curse. *Prof. Chukwuma Charles Soludo Soludo, in a key note address at Delta State Economic and Investment Summit, said the collapse […]

Don’t wake a sleeping lion – Ex Gov. Fayose warns the presidency

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