GODWIN EMEFIELE; Despite COVID-19, Nigerian Banks Still Resilient

  CBN Governor, Mr. Godwin Emefiele The Executive The Central Bank of Nigeria Governor, Mr. Godwin Emefiele, in this post Monetary Policy Committee interview spoke about the health of banks in the country as well as the impact of the bank’s development finance interventions since the outbreak of the COVID-19. Obinna Chima brings the excerpts […]

Strike: Governors’ Forum urges labour unions to exercise caution

By Emmanuel Oloniruha The Nigeria Governors’ Forum (NGF), has  called on the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC), to  exercise  caution  on  its planned industrial action over increase in price of petroleum products and electricity tariff.   The 36 governors made the call in a communique issued on Friday in Abuja by the […]

Shelve economic shutdown, Buhari deserves commendation – Group appeals to labour unions 3 min read

The No Alternative to Buhari – Osinbajo 2019 (NATBO 2019) has pleaded with labour unions to shelve their planned strike, stressing that shutting the nation’s economy now will be catastrophic for the nation. Vincent Uba, National Coordinator, NATBO 2019, said in a statement that rather that protest, President Muhammadu Buhari deserved great commendation for his […]

NSE market capitalisation gains N107b Thursday

By Chinyere Joel-Nwokeoma The bulls continued to dominate trading on the nation’s bourse with the market capitalisation appreciating further by N107 billion on Thursday, amid gains by blue chips. Speficially, the market capitalisation inched higher by N107 billion or 0.79 per cent to close at N13.581 trillion from N13.474 trillion achieved on Wednesday. Also, the […]

Naira goes south against the U.S. dollar

By Abankula The Nigerian Naira depreciated against the US dollar in the parallel market on Monday in contrast to the massive gains it recorded last week. According to market monitors, ngnrates.com, the US Dollar is being traded at ‚¦445.00 today, 7 September. This is N5 more than last week’s price of N440. The buying rate […]

Group commends FG over removal of fuel subsidy

By Ikenna Osuoha An Abuja-based NGO, Initiative for Leadership Development and Change (ILDC) has commended the federal government for removing fuel subsidy to allow market forces determine the price of pump price so that the economy would flourish. Chief Ugochukwu Nnam, National Coordinator of the group made the commendation, in an interview with the News […]

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 […]

Naira crashes 108% against West Africa CFA currency

Nigerian naira banknotes . REUTERS/Afolabi Sotunde • In five-year free fall • CBN sells pound above N500 for the first time The naira has fallen by 108 per cent against the West African CFA (popularly known as CFA) in the past five years as the latter rallies to wipe out the hitherto wide trading gap […]

How South East lost out in $93b foreign investments

  Abia State, Nigeria. PHOTO: Local Guides Connect   • Why investors shun region • Low returns, poor infrastructure trigger apathy • Investors attack governors • We’re doing our best, govs’ forum insists Despite relative peace in the region, the Southeast zone has remained unattractive to investors, a situation analysts ascribe to unfriendly tax regimes, […]

FG eyes improved gas investment

Timipre Sylva Chineme Okafor in Abuja The federal government has stated its desire to boost investment in Nigeria’s natural gas market with its formal activation of the National Gas Transportation Network Code yesterday. According to the Technical Adviser (TA) on Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Mr. Timipre […]

BREAKING: One feared dead, many injured as fresh violence erupts in Apo, Abuja

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