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Posts tagged with "CBN"

Goodluck and Emefiele's presidential aspirations in doubt amid fears their forms were not submitted African News

Goodluck and Emefiele's presidential aspirations in doubt amid fears their forms were not submitted

FORMER president Dr Goodluck Jonathan and Central Bank of Nigeria (CBN) governor Godwin Emefiele look to be out of the All Progressives Congress (APC) presidential race after their supporters failed to submit their nomination forms on time.   Both Dr Jonathan and Mr Emefiele had their expression of interest and nomination...
CBN governor Emefiele suffers setback in his bid to bar Inec from forcing him resign African News

CBN governor Emefiele suffers setback in his bid to bar Inec from forcing him resign

CENTRAL Bank of Nigeria (CBN) governor Godwin Emefiele has failed to get a court order barring him from running for president while still in office after an Abuja high court refused to grant his request asking he be exempt from the rule.   Mr Emefiele, a government appointed, has received his presidential nomination form,...
Nigeria's foreign reserves grow during April as rising oil prices boost government revenue African News

Nigeria's foreign reserves grow during April as rising oil prices boost government revenue

NIGERIA'S foreign reserves grew by $243.83m during the first 19 days of this month to $39.78bn as of at April 19 due to the rise in global crude oil prices that have ensured more revenue into the treasury.   According to recent data from the Central Bank of Nigeria (CBN), the country's external reserves rose from $39.54bn as...
Arewa Youths for Emefiele plan to buy APC presidential nomination for CBN governor African News

Arewa Youths for Emefiele plan to buy APC presidential nomination for CBN governor

CENTRAL Bank of Nigeria (CBN) governor Godwin Emefiele could be coerced into running for president next year after all as a coalition of northern groups Arewa Youths for Emefiele has announced plans to buy him a presidential nomination form.   A technocrat with no political experience, Mr Emefiele has never even been a member...
Former NNPC boss who had about $10m in his Kaduna home acquitted by Abuja high court African News

Former NNPC boss who had about $10m in his Kaduna home acquitted by Abuja high court

FORMER Nigerian National Petroleum Corporation (NNPC) managing director Andrew Yakubu has been acquitted by an Abuja high court of a $9.8m corruption charge brought against him by the Economic and Financial Crimes Commission (EFCC).   In February 2017, Mr Yakubu was arrested after the sums of $9.8m and £74,000 were recovered...
EFCC say Obiano had been on their watch list over his use of local government funds African News

EFCC say Obiano had been on their watch list over his use of local government funds

ECONOMIC and Financial Crimes Commission (EFCC) officials have revealed why they  arrested former Anambra State governor Willie Obiano just hours after he left office saying he had been on a watch list for a while but was protected by the immunity clause.   Yesterday, Governor Obiano handed over the reins of power to former...
Buhari opens CBN's first ever internet-enabled branch in Nasarawa State capital Lafia African News

Buhari opens CBN's first ever internet-enabled branch in Nasarawa State capital Lafia

PRESIDENT Muhammadu Buhari has inaugurated the first Central Bank of Nigeria's (CBN) internet-enabled branch in Lafia the Nasarawa State capital as part of an ongoing programme to extending banking services across the country.   According to an Enhancing Financial Innovation & Access survey published last year, only with...
House of Reps members call for the arrest of CBN governor Emefiele for refusing to honour their invitation African News

House of Reps members call for the arrest of CBN governor Emefiele for refusing to honour their invitation

SEVERAL members of the House of Representatives have demanded that an arrest warrant be issued against the Central Bank of Nigeria (CBN) governor Godwin Emefiele over his refusal to answer summons by lawmakers.   Under Nigeria's constitution, the National Assembly has the right to summon public officials as part of its...
Political insiders say Buhari is secretly backing CBN governor Godwin Emefiele to succeed him African News

Political insiders say Buhari is secretly backing CBN governor Godwin Emefiele to succeed him

CENTRAL Bank of Nigeria (CBN) governor Godwin Emefiele is reported to be planning to stand in next year's presidential elections with some political insiders saying that his candidacy has been warmly received by President Muhammadu Buhari.   Although not constitutional, Nigeria's component parts have a gentleman's agreement...
CBN reveals Nigeria spent about $1.7bn on food imports during the first nine months of 2021 African News

CBN reveals Nigeria spent about $1.7bn on food imports during the first nine months of 2021

NIGERIA'S food import bill during the first nine months of 2021 totalled $1.68bn according to data just released by the Central Bank of Nigeria (CBN) as limited processing facilities led to the widespread importation of several items.   In a report on sectoral utilisation of foreign exchange for the third quarter of 2021, the...
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