Nigerians must embrace production to grow economy —Emefiele

Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria must return to the golden era age when the country produced goods and services to grow the economy. Specifically, Emefiele said the only way for the naira to catch up with other foreign currencies as was in the past was for Nigerians... Continue Reading →

‘New policy on diaspora remittances will halt Naira slide’

The Central Bank of Nigeria (CBN) has continued to receive commendations for the reintroduction of the policy which allowed beneficiaries of diaspora remittances and foreign exchange transfers to collect their funds in designated foreign currencies. Financial experts had blamed the fast depreciating value of the Naira, partly on the previous policy, which allowed commercial banks... Continue Reading →

CBN charges Nigerians on lower appetite for foreign goods

The Central Bank of Nigeria (CBN), yesterday, advised Nigerians to moderate their taste for foreign goods with a view to stabilising the nation’s economy. Its Governor, Godwin Emefiele, gave the advice during an interactive session with stakeholders on the five-year policy thrust of the apex bank in Kaduna. The participants included Organised Labour and executives... Continue Reading →

CBN tells court not to unfreeze accounts of #EndSARS campaigners

The Central Bank of Nigeria, (CBN), has insisted that the frozen accounts of #EndSARS campaigners on the orders of Justice Ahmed Mohammed of the Federal High Court in Abuja, must remain as it continues to investigate allegations of terrorism financing. The apex bank had approached the court on Tuesday, December 1, with a counter-affidavit in... Continue Reading →

PDP asks Emefiele to resign over economic woes

The Peoples Democratic Party has demanded the resignation of the Governor of the Central Bank, Godwin Emefiele, over Nigeria’s growing economic woes. This was contained in a statement titled, ‘Economy in Shambles: PDP Asks CBN Governor, Godwin Emefiele To Resign’, signed by the party’s National Publicity Secretary, Kola Ologbondiyan, in Abuja, on Tuesday. He noted... Continue Reading →

NBA President Tackles Nigerian Government Over Freezing Of Bank Accounts Of #ENDSARS Protesters

President of the Nigeria Bar Association, Olumide Akpata, has condemned the freezing of the bank accounts of some #ENDSARS protesters by the Central Bank of Nigeria. Akpata also condemned the continued harassment and intimidation of Nigerian youth for participating in the protest, which gained international attention. tweet, described the clampdown on protesters as a wrong... Continue Reading →

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