EXCLUSIVE: Northern senators move against Akpabio over alleged N4trn budget paddingClimate change, extreme weather, conflict exacerbate global food crisisIWD 2024: Investing in women and fostering inclusion, By Weng DungEXCLUSIVE: Northern senators move against Akpabio over alleged N4trn budget paddingClimate change, extreme weather, conflict exacerbate global food crisisIWD 2024: Investing in women and fostering inclusion, By Weng DungCentral Bank of...
Inflation in Nigeria has continued to rise largely because of the high cost of food items. As of February, the country’s annual inflation rate rose to 31.70 per cent from 29.90 per cent in January. The apex bank governor had upon assuming office suspended all direct interventions in the real sector of the economy saying it was not the apex bank’s mandate.
On why the fertilisers were released to the ministry, the CBN said it is realigning its focus towards its core mandate of ensuring monetary and price stability, thus stopping its direct involvement in development finance interventions. Giving details of the donated fertilisers, it said the 2.15 million bags contained various blends of fertilizers, with each bag of fertilizer weighing 50 kilograms.
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Bandits Kill Six, Kidnap Retired CBN Director in KadunaSuspected bandits invaded Kwassam and Sabon Layi Kan Makama communities in Kauru Local Government Area of Kaduna State, killing six residents, while scores, including a retired director of the Central Bank of Nigeria, were kidnapped.
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Former CBN Governor Threatens to Sue Nigerian Senate President over DefamationFormer governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, through his legal team, has threatened to sue President of the Nigerian Senate, Godswill Akpabio over alleged defamation. Emefiele would demand N25 billion in damages from the Senate President if he fails to apologise, according to his solicitors.
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Intense Apprehension at CBN as Naira Weakens FurtherThere is concern at the Central Bank of Nigeria (CBN) that the Naira may weaken further as the FAAC prepares to disburse allocations among the federal, state, and local governments.
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CBN urged to strengthen monetary policy frameworkThe Central Bank of Nigeria (CBN) is urged to strengthen its monetary policy framework by resuming regular Monetary Policy Committee meetings to ensure financial market stability and boost investor confidence. It is argued that a unified and nationalistic approach is essential to halt the decline of the naira. Defending the naira is not just an economic concern, but a moral obligation for all citizens.
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CBN threatens sanctions over late filing of monthly returns“You are strongly advised to ensure timely rendition of all regulatory returns as future breaches shall be sanctioned,' the CBN said.
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Emefiele awarded contracts to wife, CBN official’s firms, investigator tells courtAn investigator, while testifying on Monday, told the trial court that Mr Emefiele's wife's firm started enjoying contract patronage from...
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