Says parallel used for corruption purposes Retains MPR at 11.5 % Gives out N149 b to targeted households, SMEs Emma Ujah Those using parallel market rates to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t have their way. The CBN Governor, Mr. Godwin Emefiele gave this indication at the […]

Task Nigerians not to panic over reported looming recession *Say Emefiele’s economic formula is a key unifier of the country *It taps into the comparative advantage of various segments of the country, they add   By Joseph Erunke MAJOR ethnic youth groups in the country have applauded the Central Bank of Nigeria, CBN’s economic interventions, […]

Dr, you once said to me that I have people like you to campaign for me and to canvass my ideas. I sincerely thank you and wish to take further advantage of it.

By Peter Egwuatu The Association of Bureaux De Change Operators of Nigeria (ABCON) has sent strong warning to foreign exchange speculators pushing the naira to forceful depreciation through their illegal activities. Speaking to financial journalists on market development, ABCON President, Alhaji (Dr.) Aminu Gwadabe,  weekend in Lagos, said: “forex speculators are taking huge risks with […]

The Central Bank of Nigeria (CBN) on Wednesday said the implementation of the cashless policy aimed at promoting financial inclusion had increased the risks associated with electronic banking in the country. Mr Hassan Bello, the CBN Director, Banking Supervision Department said this at the First Bank of Nigeria Information Security webinar. The webinar was convened […]