Death of Deby: AU must find a solution to Chad’s problems – FG FCTA identifies SMEs as panacea for economic growth Senate pledges to fight rot in education sector Coronavirus – Malawi: COVID-19 update (April 21, 2021) Forex Restriction: Nigeria Spends $ 6.1 Billion Per Year On Importing Wheat – WFAN Coronavirus – Eritrea: Ministry of Health announcement (April 21, 2021) ICT: the Minister seeks the participation of women to promote gender equality Coronavirus – Nigeria: COVID-19 update (April 21, 2021) OML 143: NNPC and SEEPCO sign a gas development agreement UNFPA donates PPE to 33 health facilities in Ogun to fight COVID-19 Kano / Jigawa Customs Command generates N 7.6 billion in Q1 2021 Coronavirus – Ethiopia: COVID-19 update (April 21, 2021) Coronavirus – Zambia: COVID-19 update (April 21, 2021) Mango growers plan 6 juice processing plants in 2021 Coronavirus – Gambia: COVID-19 update (April 21, 2021) Revocation: DPR inaugurates a committee for the official handover of Addax assets Police deploy 1,000 people to control traffic thefts in Lagos How we have spent the COVID-19 funds so far – FG Coronavirus – South Africa: COVID-19 update (April 21, 2021) Buhari greets 85-year-old Emir of Gwandu Coronavirus – Namibia: COVID-19 update (April 21, 2021) The Impact of Transfer Pricing: The Senegalese Branch and the Foreign Head Office (By Centurion Tax and Investment Desk) 19 African First Ladies to attend the Merck Foundation Annual Online Conference on April 27, 2021 Coronavirus – Niger: COVID-19 update (April 21, 2021) Coronavirus – Kenya: COVID-19 update (April 21, 2021) JUSUN and PASAN refuse to end the strike, insist on the demands Coronavirus – Rwanda: COVID-19 update (April 21, 2021) Risk of major measles outbreaks as countries delay immunization campaigns Coronavirus – Eswatini: COVID-19 update (April 21, 2021) 19 African First Ladies to attend the Merck Foundation Annual Online Conference on April 27, 2021 COVID-19: President of the Philippines to skip ASEAN summit Audiomack Partners with MTN to Bring Music Streaming to Over 76 Million ZERO DATA COST Subscribers Upstream integration in the sugar sector will tackle unemployment – NSDC boss World Rugby Launches ‘One World Sport for All’ 2021-25 Strategic Plan to Guide Long-Term Growth Six political parties hail PDP victory in council poll Ramadan: FRSC warns motorists against driving under fatigue Educator wants medical clinics in Nigerian schools Live Now: WHO COVID-19 Online Briefing for Africa Shell pipeline spills 213 barrels of crude in Bayelsa community Insurtech start-up OKO raises $ 1.2 million to bring innovative insurance to small farmers in Africa JUSUN strike: lawyers denounce cases pending in court COVID-19: NCDC records 35 new recoveries, total increases to 154,441 1.13 million shots of AstraZeneca administered in Nigeria – NPHCDA RELEASE NOW: Unclipped with Michael Gogl Ramaphosa condemns violent murder of Chadian leader Weekly press briefing on the coronavirus epidemic Nasarawa SWAN wants the revival of school sports Sudan, France reiterate importance of stability and security in Chad Police save kidnapped student in Osun Canon’s Miraisha program selects ten future professionals for competitive university scholarship
"Central Bank of Nigeria (CBN) News"
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General news37 mins agoForex Restriction: Nigeria Spends $ 6.1 Billion Per Year On Importing Wheat – WFAN
By Bukola Adewumi The Wheat Producers Association of Nigeria (WFAN) says about $ 6.1 billion is spent each year to import wheat into Nigeria. The association’s president, Alhaji Salim Muhammad, made this known at a Wheat Forex press conference in Abuja on Thursday. Muhammad praised the Central Bank of Nigeria (CBN) for the policy that placed wheat on the Forex restriction. He described it as an impressive policy and a welcome development. According to him, Nigeria consumes five million tonnes of wheat per year, while a meager 420,000 tonnes is produced locally. He said that given the many challenges facing local production, the policy would allow the government to unleash unrealized potentials in the wheat sub-sector. “The foreign exchange restriction policy will give relevant stakeholders the confidence to invest in the wheat sub-sector, as the returns on their investments are protected. “Production and productivity will automatically increase to meet local.
- Features3 days ago
COVID-19: Imperative for CBN Health Sector Research and Response
By Kadiri Abdulrahman of the Nigerian News Agency (NAN) The COVID-19 pandemic, without a doubt, has affected the socio-economic well-being of Nigeria and has also exposed the inadequacy and vulnerability of the country’s health system just as it has created medical and economic emergencies across the country. world. The Central Bank of Nigeria (CBN) to mitigate the effects of the pandemic on Nigerians has established a fund to assist households, micro, small and medium enterprises (MSMEs). He set aside the N50 billion Targeted Credit Facility (TCF) – a stimulus package to support households and micro, small and medium enterprises (MSMEs) and also spent huge sums to help farmers to stimulate food production. CBN’s direct intervention in the Nigerian health sector, to build capacity, improve infrastructure, support research and development, and improve preparedness against future pandemics, has been most relevant. Sometimes in March, the CBN awarded the sum of N253.54 million.
- General news4 days ago
APC attacks PDP over printed naira allegation against CBN
By Emmanuel Mogbede The All Progressives Congress (APC) called on the People’s Democratic Party (PDP) and others criticizing the operations of the Central Bank of Nigeria (CBN) to enable it to effectively discharge its mandate. Sen. John Akpanudoedehe, APC National SecretaryThe Interim and Extraordinary Convention Planning Committee (CECPC) made the call in a statement Sunday in Abuja. “Whether the CBN prints money or not is not a problem, the umbrella bank should be allowed to fulfill its mandate. “The CBN has several ways of creating new currency,” he said, stressing that the money supply in the economy was at the appropriate level. Akpanudoedehe added that the PDP needed to understand how the money was created, saying its statements regarding CBN operations would create problems for the economy. He advised the PDP to partner with the APC to clear the mess it left behind, noting that destroying is very easy, but.
- General news5 days ago
NUJ berates media owners for non-payment of journalists’ salaries
By Ifeanyi Olannye The Nigerian Union of Journalists (NUJ) on Saturday berated media owners for their continued non-payment of journalists’ salaries in the country. The criticism of the union was conveyed in a statement issued and read by the president, Mr. Chris Isiguzo, following its National Executive Council (NEC) meeting held in Asaba, the capital of the Delta. “The Union believes that this negative trend continues to have a negative impact on the practice of journalism. “Media owners who owe journalists must meet their obligations in this regard responsibly and on time. “A situation where some journalists are forced to work for months without any pay is an aberration and must be condemned. The union also called on the federal government to provide COVID-19 rescue funds to the media. “The federal government should take urgent action to save the media industry from collapse. A dynamic and independent media is relevant.
- Business6 days ago
ACCI seeks presidential commission on cryptocurrency
By Emmanuella Anokam The Abuja Chamber of Commerce and Industry (ACCI) has called on the federal government to set up a presidential commission on cryptocurrency in view of the growing intrusion of bitcoin into global and local financial systems. ACCI President Dr Almujtaba Abubakar, who made it known in Abuja on Friday in a statement, listed some terms of reference to be followed to include the review of cryptocurrency policy frameworks around the world. He noted that the commission should assess successful, failed and failed frameworks globally, integrate and domesticate successful models for the draft policy framework for Nigeria. “The commission is expected to come up with an action plan for the progressive use of technological currency within the Nigerian financial system. “We suggest that the members of the commission come from the Central Bank of Nigeria (CBN), the Nigerian Stock Exchange, banking / financial institutions, the Bitcoin community, digital.
- Economy1 week ago
SEC instructs CMOs to update investor information
By Ginika OkoyeThe Securities and Exchange Commission (SEC) has mandated all capital market operators (CMOs) to update the Know Your Customer (KYC) information of their investors. The commission gave the mandate at the virtual meeting of the Capital Market Committee (CMC) in the first quarter on Thursday in Abuja. Speaking at the post-CMC virtual press briefing, Mr. Lamido Yuguda, Chief Executive Officer of the SEC, noted that CMOs’ level of compliance with the update is low. He revealed that as of April 8, there were still over four million accounts with incomplete KYC information. Yuguda said the update is key to deepening retail investor participation in the market. “We ask all marketing managers to give it the highest level of priority. “Similarly, registered CMOs are advised to refrain from providing any form of support to unregistered entities operating illegally in our market, as such action would not be tolerated. “In.
- Elections3 weeks ago
Anambra: Governorship aspirant cautions youth against electoral violence
By Joy Mbachi Mr. Godwin Ezeemo, candidate for governor for the November 6 elections in Anambra, urged young people to avoid being used to perpetrate electoral violence of any form in the country. Ezeemo, who is aspiring to run for governor for the third time on the People’s Democratic Party (PDP) platform, made the call during a press briefing in Awka on Friday. The midshipman, who was reacting to the attack on former Central Bank of Nigeria (CBN) Governor Charles Soludo, urged young people to see themselves as the future rulers of the state and the country. Politics is not a do-or-die, he said, so young people should not allow themselves to be used to perpetrate election violence. Ezeemo advised aspirants not to heat up the political regime but to conduct themselves in the most civilized manner, as one person would be the governor at the same time and sportsmanship.
- Economy5 months ago
SDGs: Stakeholders seek public-private collaboration
Stakeholders on Thursday stressed the need for synergy between the public and private sectors for inclusive economic growth and achievement of the Sustainable Development Goals (SDGs). They stakeholders spoke at a webinar organised by the Association of Sustainability Professionals of Nigeria (ASPN) to mark the official launch of the professional group. Mr Mohamed Yahya, Resident Representative in Nigeria, United Nations Development Programme, in a keynote address, said Nigeria had been adopting policies haphazardly with no clear direction or vision. Yahya said a professional and holistic approach was required in getting Nigeria back on its development track to ensure that development was inclusive and sustainable. “ASPN could play a critical role in making this happen through involving in intellectual leadership in policy directions for inclusive and sustainable development, policy dialogue and generating awareness,” he said. Yahya represented by Dr Marakoon Bandara, said adoption of a long-term approach was imperative in understanding.
- Economy5 months ago
Economist applauds MPC decision on MPR, others
Prof. Evans Osabuohien, a former Head of Economics Department, Covenant University,Ota, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for retaining all the key monetary policy instruments at its last meeting. Osabuohien gave the commendation on Thursday, in an interview with the News Agency of Nigeria , in Ota, Ogun. NAN reports that the CBN Governor, Mr Godwin Emefiele, on Tuesday in Abuja, after the MPC meeting, said that the committee voted to retain Monetary Policy Rate (MPR) at 11.5 per cent, Cash Reserve Ratio at 27.5 per cent and Liquidity Ratio at 30 per cent. The committee noted that inflation continued to be driven by supply-side disruptions arising from the COVID-19 pandemic and other legacy factors. Key amongst these are the security challenges in parts of the country, the increase in food prices and the recent hike in the pump price of petrol.
- Economy5 months ago
Power: FG ready to support DisCos’ initiatives – Minister
Mr Saleh Mamman, Minister of Power, says the Federal Government is ready to support any initiative by electricity Distribution Companies (DisCos) aimed at addressing the challenges facing the power sector. The News Agency of Nigeria reports that Mamman spoke at the inauguration of Eko Electric Distribution Company’s (EKEDC) Supervisory Control And Data Acquisition (SCADA) System on Thursday in Lagos. Mamman said : “I felicitate with and commend the EKEDC’s Board of Directors and management for this milestone. “SCADA is one of the most advanced technologies in the power distribution business globally and I am optimistic that this event will translate to improved service delivery within EKEDC’s network. “The inauguration of this SCADA system will help EKEDC monitor and respond quicker to faults and reduce the outage durations which would improve quality of service delivery to customers.” According to him, the SCADA project will help the DisCo meet its set objectives under.
