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CBN Report: Economy contracted in May, manufacturing worst hit

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  The Central Bank of Nigeria (CBN) has released its report on the economy indicating that the nation's manufacturing sector contracted. It is the first time after the sector recorded expansion for 36 consecutive months. The CBN's Statistics Department published this in its...
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Business

COVID-19 : CBN reduces MPR from 13.5% to 12.5%

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  In a bid to stimulate the economy post-COVID-19, the Central Bank of Nigeria (CBN)’S Monetary Policy Committee (MPC) has announced the reduction of its benchmark interest rate, the Monetary Policy Rate (MPR) to 12.5 percent from 13.5 percent. The Cash...
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Top Story

CBN May 2020 Monetary Policy Meeting Reschedules For May 28

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  By Ajuma Edwina Ogiri The meeting of the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) for May 2020 earlier scheduled for May 25 has been fixed for May 28. The postponement followed the declaration of Monday and Tuesday...
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Business

COVID-19 and Nigerian Banks by  Reuben Abati 

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  The COVID-19 pandemic has reshaped the entire world – the future of everything and the world of work, but perhaps the most visible effect of this disruption is most felt in the financial services sector, the markets and the...
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Oil & Gas

CBN, NNPC to foot over N1bn cost of feeding, accommodation of evacuees – Minister

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    Nigerian National Petroleum Corporation (NNPC) and Central Bank of Nigeria (CBN), have both agreed to fund, as part of their Corporate Social Responsibility (CSR), the cost of quarantine accommodation and feeding for Nigerians returning to the country from abroad. The...
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Trending Story

COVID-19 vaccines: CBN to support Nigerian researchers with grants — Emefiele

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  …SGF says virus has reawaken collaboration among critical partners     In realization of the Nigerian vaccine for COVID-19, the Central Bank of Nigeria (CBN) says it is developing a framework to support researchers, science institutions and biotechnology firms with grants on...
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Business

CBN Gov. Emefiele assures foreign investors of “orderly’’ forex repatriation

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      Notwithstanding the drop in crude oil revenue, the Central Bank of Nigeria (CBN) has assured investors of the security of their investments in the country.   It said investors who are interested in repatriating their funds from the country are guaranteed...
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Trending Story

NEXIM Bank Announces Kingsley Obiora As New Chairman

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  The Nigerian Export-Import Bank (NEXIM) has announced the appointment of Kingsley Obiora as new chairman. Mr. Kingsley Obiora will succeed chairman Joseph Nnana, former Central Bank deputy governor who retired from the board recently. “Obiora would bring to bear his wealth...
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Business

COVID-19 CBN’s N50bn stimulus loan: Disbursement begins Thursday

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  The Central Bank of Nigeria (CBN) says it will commence the disbursement of the first tranche of the  N50 billion COVID-19 stimulus package credit facility for households and SME's on Thursday. So far, it has received over 80,000 applications for the fund which...
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Trending Story

COCAVID Fund rakes in N25.89 bn

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      The Nigeria Private Sector Coalition Against COVID-19 (COCAVID) says it has raked in N25.89 billion as donations from individuals and institutions into the COVID-19 Fund.   Mr Isaac Okorafor, the Director, Corporate Communications at CBN, announced the total amount so far...
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Octogenarian ex-Ondo State Gov. Olomilua dies

    Elderstateman and one-time Governor of the old Ondo State, Evangelist Bamidele Olomilua, has passed on. The 80 years old breathed his last...
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Five years after, child defiler gets death sentence for fatally raping baby

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    A child defiler, who ravished a 33-month-old baby and snuffed her out is to die by hanging, a Nigerian court has ruled. A Kaduna State High...
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Top Story

Senate Probe Panel Indicts Akpabio Over NDDC N500m Project Scam

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  The Minister of Niger Delta Affairs, Sen. Godswill Akpabio, may have soiled his hands in a N500 million Niger Delta Development Commission's project fraud as...
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Top Story

Jailed ex-Abia Governor, Orji Kalu, released from prison

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  Following a Lagos court judgment, jailed former Abia State Gov. Orji Uzor Kalu, was on Wednesday night released from Kuje Correctional Centre, Abuja. The convicted...
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Columnist

Hidden pandemic of domestic violence alongside COVID-19 by Patricia Scotland

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    By Patricia Scotland, Commonwealth Secretary-General Waking up to screams, thuds, angry shouting and the sickening sound of someone crashing into a wall, a table, a...
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