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POLITICS

Today's Headlines: Ayodele Warns PDP Over Wike, Emefiele Speaks On Insecurity

Ayodele Releases New Prophecies Over Wike And PDP. Recently, Primate Ayodele (The leader of INRI Evangelical Spiritual Church) disclosed that the alleged grievances of Governor Wike will cause a lot of problems in PDP (Peoples Democratic Party). (Photo Credit: Daily Post Nigeria).

  1 year ago ago
Today's Headlines: Ayodele Warns PDP Over Wike, Emefiele Speaks On Insecurity

ECONOMY-FINANCE

Reactions As Emefiele Reveals That The Central Bank May Soon Start Printing Gambian Currency

Mixed reactions have trailed the recent declaration by Governor Godwin Emefiele of the Central Bank of Nigeria (CBN) that the apex bank may soon start printing Gambian currency in Nigeria. The Governor revealed that the bank is ready to help the Central Bank of Gambia in printing its currency.

  1 year ago ago
Reactions As Emefiele Reveals That The Central Bank May Soon Start Printing Gambian Currency

POLITICS

OPINION: 2 Igbo Appointees Who Have Done Exceedingly Well And May Get Higher Appointments From Buhari

President Muhammadu Buhari has been in power as the President of Nigeria since May 29, 2015. Within these years, he has appointed many individuals who have been pivotal in his administration , making sure that his administration turns out to be the best amongst the rest. In this article, I would talk about two Igbo individuals who were appointed by President Buhari that have done exceedingly well in respective offices.

  1 year ago ago
OPINION: 2 Igbo Appointees Who Have Done Exceedingly Well And May Get Higher Appointments From Buhari

ECONOMY-FINANCE

What Nigerians Don't Understand About The Increase In The Rate Of Naira To Dollar Conversion

Emeifele has had a face-off with BDCs, who sell forex to Nigerians at a high cost, now the face-off is between him and one AbokiFX. He mentioned that the guy behind this AbokiFX tenders to the UK authorities that AbokiFX is not a profitable company, but a check-in Nigeria, which it is an indication that millions of dollars and naira flows daily and monthly through their AbokiFX 27 bank accounts.

  1 year ago ago
What Nigerians Don't Understand About The Increase In The Rate Of Naira To Dollar Conversion

ECONOMY-FINANCE

CHINA CRYPTO BAN: Emefiele and the CBN are not clueless after all.

China's central bank has just banned crypto currency and all transactions involving it deemed illegal. Thing is, China is one of the world's crypto markets. Even Bitcoin energy use was up 75% around September 2019, but by April, 2021, it fell to about 46%.

  1 year ago ago
CHINA CRYPTO BAN: Emefiele and the CBN are not clueless after all.

ECONOMY-FINANCE

Why Nigerians Should Give Emefiele The Benefit Of Doubt About AbokiFX Manipulating Naira Market

Every Jack now thinks Emefiele is stupid. They had mocked him in 2016 when Naira slumped to 550 in the black market. Then, they predicted Naira would dip to 1000. One of their bishops packaged the evil wish into a prophecy. They called all the measures Emefieli instituted a barrack strategy.

  1 year ago ago
Why Nigerians Should Give Emefiele The Benefit Of Doubt About AbokiFX Manipulating Naira Market

ECONOMY-FINANCE

Naira Fails To Rise One month After Aboki FX Shutdown

Almost a month after the Central Bank of Nigeria forced the Aboki FX currency trading platform to cease operations, the naira in the parallel market failed to rise, although it's stabilized, as observed on Saturday. Worse still, the naira fell 2.6% to #422 per dollar, hitting an all-time high in the official market on Thursday.

  1 year ago ago
Naira Fails To Rise One month After Aboki FX Shutdown

ECONOMY-FINANCE

Emefiele Makes U-Turn, Targets Capital Inflow With Proposed Launch Of Digital Currency

Godwin Emefiele Governments across the world are increasingly considering the adoption of digital currencies in their nation but are wary of their handicap to apply fiat style regulation. The continued growth of cryptocurrencies as a means of exchange across the world has continued unabated. El Salvador announced it will move to make it a legal tender becoming the first nation in the world to do so.

  1 year ago ago
Emefiele Makes U-Turn, Targets Capital Inflow With Proposed Launch Of Digital Currency

ECONOMY-FINANCE

Today's Headlines: Nigeria's Current Economy Can't Grow –CBN, PDP Official Killed In Plateau Crash

Nigeria's Current Economy Can't Grow –CBN Gov The Governor of the Central Bank of Nigeria, Godwin Emefiele, has stated that the country's current economy cannot grow. Emefiele stated that the current level of insecurity prevents the country's economy from growing. On Tuesday, the CBN governor spoke at the conclusion of a two-day monetary policy committee meeting in Abuja.

  1 year ago ago
Today's Headlines: Nigeria's Current Economy Can't Grow –CBN, PDP Official Killed In Plateau Crash

SOCIETY

"Drop your weapons, come and join our borrowers programme" - CBN begs bandits

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has appealed to bandits and other criminal elements to drop their weapons and embrace the new borrowers programme. Emefiele made this call while addressing journalists after a two-day meeting of the Monetary Policy Committee in Abuja.

  1 year ago ago

ECONOMY-FINANCE

CBN Set to Shut Down BDC Business: Does Emefiele Have What It Takes?

CBN Governor Godwin Emefiele At a press briefing after a two-day meeting of the Monetary Policy Committee (MPC) Tuesday in Abuja, CBN Governor Godwin Emefiele announced the end of Forex sale to Bureau De Changes (BDCs). He directed all Commercial Banks to immediately create designated branches for the sale and disposal of FX to customers who deserved it for legitimate purposes.

  1 year ago ago
CBN Set to Shut Down BDC Business: Does Emefiele Have What It Takes?

POLITICS

You have rendered selfless service to Nigeria - Buhari sends message to CBN Governor, Emefiele

SOURCE: DAILY POST NIGERIA On the occasion of Mr Godwin Emefiele's 60th birthday, President Muhammadu Buhari has sent warm greetings to the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele. In a statement released Tuesday by his spokesman, Femi Adesina, Buhari thanked Emefiele for his service to Nigeria during a difficult economic period.

  1 year ago ago
You have rendered selfless service to Nigeria - Buhari sends message to CBN Governor, Emefiele

ECONOMY-FINANCE

Nigeria will soon create her own digital currency, says CBN governor

The Central Bank of Nigeria governor, Godwin Emefiele has stated that Nigeria will soon create her own digital currency. He made this known in a press conference in Abuja yesterday after a two-day meeting of the Monetary Policy Committee (MPC). He said that the Nigerian digital currency will soon be a reality as a committee has already been set up to work on the concept and make it a reality.

  1 year ago ago
Nigeria will soon create her own digital currency, says CBN governor

ECONOMY-FINANCE

Digital currency will come to Life in Nigeria - CBN Governor

A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.

  1 year ago ago
Digital currency will come to Life in Nigeria - CBN Governor

ECONOMY-FINANCE

Desist from forex malpractices- CBN warns commercial banks.

CBN Governor Emefiele The Central Bank of Nigeria has warned Deposit Money Banks to always exercise due diligence and refrain from engaging in any form of fraud in foreign exchange transactions. The apex bank issued the warning in a letter addressed to the DMBs by Ozoemena Nnaji, Director of Trade and Exchange Department.

  1 year ago ago
Desist from forex malpractices- CBN warns commercial banks.

ECONOMY-FINANCE

Naira slumps further in the parallel market.

The naira further slumped to 523/$ at the parallel market on Wednesday. This is coming a day after the central bank of Nigeria stopped the allocation of foreign exchange to Bureau de Change operators in the country. Recall that the naira had exchanged for 503 on Monday and then rose to 505 on Tuesday after the CBN had issued an announcement that it would no longer sell Forex to Bureau de Change operators in the country.

  1 year ago ago
Naira slumps further in the parallel market.

ECONOMY-FINANCE

CBN To Partner Agric Agency On Integrated Farms

The Central bank of Nigeria (CBN) has said it'll collaborate with the National Agriculture land development Authority (NALDA) to develop integrated farms across the country, provide affordable and accessible finance to farmers in Nigeria’s rural communities and provide employment opportunities for its teeming population.

  1 year ago ago
CBN To Partner Agric Agency On Integrated Farms

ECONOMY-FINANCE

"Nigerians Should Not Blame Us For Banning Foreign Items From Being Imported Into Nigeria"- Emefiele

Godwin Emefiele the CBN governor has advised Nigerians to get ready because the CBN will soon block more foreign items from being imported into the country. He said currently they're over 40 items that Nigerian importers can not get dollars or some other currencies to import. He said most Nigerians do not like going into farming to be able to get raw materials for their industry.

  1 year ago ago

PERSONAL-INVESTING

Cryptotcurrency wil be allowed in Nigeria- CBN Governor

The Governor of the Central Bank of NIgeria (CBN), Godwin Emefiele, has declared that Cryptocurrency will be allowed in Nigeria, after about four months the CBN has informed banks to close all Cryptocurrency linked accounts in the country. In February, Emefiele announced that the digital currency is used for criminal and illegal activities, also during the CBN Monetary Committee meeting, he said Cryptocurrency is mostly used for illegitimate businesses, according to the investigation carried out by the bank.

  1 year ago ago
Cryptotcurrency wil be allowed in Nigeria- CBN Governor

ECONOMY-FINANCE

Central Bank of Nigeria to start printing the Gambian currency

The Central Bank of Nigeria, CBN, says it is ready to mint the Gambian Dalasi at the Nigerian Security Printing and Minting PLC (NSPMC) facility. The proposal was accepted by the governor of the Central Bank of Nigeria Mr Emefiele from the governor of the Central Bank of Gambia.

  1 year ago ago
Central Bank of Nigeria to start printing the Gambian currency