Central Bank of Nigeria (CBN)
FG hands over National Theatre to CBN
The Minister for Culture and Information, Lai Mohammed, on Sunday in Lagos handed over the National Theatre to the Central Bank of Nigeria and the Bankers committee for restoration and upgrade. Speaking at the event, Mr Mohammed said the National Theatre, despite the arrangement, still remained a national heritage. He said the Federal Ministry of Information and Culture …
NNPC, CBN to fund feeding allowance and quarantine accommodation of returnee Nigerians.
Gbeleyi Abayomi As part of the CSR to the fight against COVID-19, the Nigerian National petroleum commission (NNPC) and the central Bank of Nigeria (CBN) have both agreed to fund the feeding and quarantine accommodation of returnee Nigerians. This was disclosed by the minister for foreign affairs Mr Geoffrey onyema during the PTF covid-19. To …
FCT Minister flags off one-way traffic in Abuja’s southern parkway
The Minister in charge of the Federal Capital Territory (FCT), Muhammad Bello, on Monday flagged off the one-way directional road traffic on the Southern Park Way in the Abuja city centre. Conducting journalists round major points of the road, Mr Bello said, “This is one particular project on which we have spent enormous amount of time …
New Central bank deputy governor Kingsley Obiora assumes duty.
The newly appointed Central bank deputy governor,Dr. Kingsley Isitua Obiora has formally assumed office today March 2nd 2020 replacing Dr. Okwu Joseph Nnanna, who exited from the Bank on February 2, 2020. The central bank governor Mr Godwin emefiele who Welcome Dr. Obiora on board, on Monday, March 2, 2020, congratulated him on his appointment, …
Sokoto seeks N66 billion loan for hajj, agriculture, infrastructure development
Gbeleyi Abayomi The Sokoto State Government says it would secure N65.7 billion loan to finance agricultural programmes, housing, water supply and enhance judicial administration in the state. The secretary to the state government, Saidu Umar, disclosed this while addressing journalists at the end of the state executive council meeting on Friday. He said the decision …
CBN Appoints New Directors
Gbeleyi Abayomi The Management of the Central Bank of Nigeria (CBN) has announced the redeployment of Mr. Yusuf Philip Yila, a Director with the Bank and the Managing Director, NIRSAL Microfinance Bank (NMFB), to the position of Director, Development Finance Department, with effect from Friday, January 24, 2020. Yila succeeds Dr. Mudashiru Olaitan who retires …
INFOGRAPHICS: Thailand’s rice export to Nigeria’s neighbours drops
Gbeleyi Abayomi Rice export from Thailand to countries that share borders with Nigeria has recorded a decline from 2018 levels. TheCable’s analysis of the data provided on the Thai Rice Exporters Association website shows that Cameroon is the only exception. Closure of Nigeria’s land borders might have contributed to this drop because of previous unbridled …
NPA Terminates Intels Pilotage Contract over Failure to Remit $145.84m
Gbeleyi Abayomi For refusal to remit the sum $145, 849,309.33 being outstanding service boat revenue generated from November 1, 2017 to October 31, 2018, the Nigerian Ports Authority (NPA) has terminated its boats pilotage monitoring and supervision agreement with Intels Nigeria Limited. Intels a leading integrated logistics and facilities services provider in the maritime and …
Emir Sanusi’s Lamentation!
The 14th Emir of Kano, Muhammadu Sanusi II recently told a moving story of how a mother watched her sick child die while waiting to ask the Emir for financial assistance, because she could not afford to buy prescribed drugs of N3000.00, which, in context, was less than $10. Since “he who feels it knows …
1.1m farmers empowered through anchor borrowers programme – CBN
Gbeleyi Abayomi Farmers at the Abuja Trade Fair abuja, The Central Bank of Nigeria (CBN) says 1,140,854 farmers have participated in the production of 17 different agricultural products under its Anchor Borrowers Programme (ABP). The bank’s Director, Corporate Communications Department, who was represented by the Deputy Director in the Corporate Communications Department of the Bank …
