National Theatre: Concessionaire warns against handover to CBN, says matter in court
A concessionaire, Topwide Consortium, has urged the Federal Government to discontinue the handover of National Theatre to the Central Bank of Nigeria (CBN) pending the determination of the matter in…
CBN AND CRYPTOS: DEFENDING THE FINANCIAL SYSTEM AND ECONOMY
BY Arize Nwobu The primary functions of central banks are, formulating and implementing monetary policy, regulating and supervising the banking and financial system, managing foreign reserve and ensuring financial market…
Cryptocurrency: On this, I stand with CBN
Central Bank of Nigeria, CBN, has come under a maelstrom of deprecation for prohibiting cryptocurrency-related transactions in the country. The directive to prohibit all cryptocurrency transactions is not new. It’s…
RE-INVENTING THE ECONOMY FOR SUSTAINABILITY, BY ARIZE NWOBU
Nigeria is an emerging market, middle income and mixed economy, and is ranked the 27th largest economy in the world. It has the largest natural gas economy in Africa and…
$9bn Court ruling against Nigeria: CBN rallies to defend reserves
Nigeria’s central bank will strive to protect the country’s currency reserves after a British court ruling granted a small natural gas firm the right to try to seize $9 billion…
Price stability: CBN retains Monetary Policy Rate at 13.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele made…
Emefiele states agenda for next 5 years; hints at strict adherence to policies
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele says CBN in the next five years, will aggressively pursue policies that will further diversify the Nigerian economy. Emefiele said this…
APC Reps back Emefiele’s reappointment, fault Kazaure
The All Progressives Congress caucus in the House of Representatives has backed the reappointment of the Central Bank Governor (CBN) Mr. Godwin Emefiele by President Muhammadu Buhari. The vociferous group…
CBN Governor: Why Buhari reappointed Emefiele
Details have emerged on why President Muhammadu Buhari has asked Senate to confirm the appointment of Mr Godwin Emefiele as Central Bank of Nigeria (CBN) Governor for the second and…
Nigeria rebuffs IMF, insists on multiple forex exchange rates
Nigeria’s current policy of multiple exchange rates for its currency, the naira, is working well, and the central bank is unlikely to change it anytime soon, the government’s information minister…