CBN Bans Dollar Sales To Bureau De Change Operators Photo Credit: Daily Trust The Central Bank of Nigeria (CBN) has banned the sale of forex to Bureau De Change operators (BDCs). Godwin Emiefele, governor of the bank, announced the ban at a press briefing which held after a meeting of the Monetary Policy Committee of the bank, on Tuesday.
Nigeria's apex bank, the Central Bank of Nigeria (CBN) on Thursday, executed regulatory measures on one of Nigeria's frontline financial institutions, First Bank of Nigeria Plc, with a sacking order issued to all it's board members led by Ibukun Awosika.The regulatory body also announced the immediate appointment of Tunde Hassan-Odukale popularly known with the moniker, THO in industry circles as Chairman of the bank nestled at Sam Asabia House, Marina, Lagos.
How Farmers, Micro,Small and Medium Enterprises Can Access Non-Interest Loans From CBN, NMFB Ever since the global outbreak of COVID-19 pandemic, major economies of the world have begun to slide into recession due to its grievous impact. This have led to some countries to start preparing against food insecurity which is more likely to be experienced by many countries in the Post-COVID 19 era. Nigeria, being Africa's biggest economy have also begun to put in place some vital measures to see how this foreseeable
The ban on cryptocurrency has continued to generate much attention so far across the nation. As it seems, the youths are the most affected as the majority of them depend solely on cryptocurrency. These youths have continued to protest on many social media platforms concerning this ban. They have continued to render their opinion on what they want to be done now, instead of banning cryptocurrency. Although many youths have complained, the CBN, led by Godwin Emiefele has continued to pay deaf ears to these demands
One of the front-liners of the #EndSars protest and social media influencers pleaded through his twitter handle, @Victorisreal_, with the Governor of the Central Bank of Nigeria's governor, Godwin Emiefele, to unfreeze his account. They young man mentioned the fact that he is currently facing difficult life challenges as a result of the freezing of his accounts. He is currently unable to pay his rent and could hardly feed himself. Photo of CBN Governor, Godwin Emefiele The young man who hails from Port Harcourt
'Supporting #EndSars Is Not A Crime' - Social Media Influencer Begs CBN To Unfreeze His Bank Account
One of the front-liners of the #EndSars protest and social media influencers pleaded through his twitter handle, @Victorisreal_, with the Governor of the Central Bank of Nigeria's governor, Godwin Emiefele, to unfreeze his account. Photo of CBN Governor, Godwin Emefiele The young man who hails from Port Harcourt was among the list of #EndSars protesters to have their accounts freeze by the Central Bank Of Nigeria till after investigation. The young man tweeted: "GoodMorning Godwin Emefiele. Your son has enough
Hours After CBN Froze The Accounts Of EndSars Protesters, See What Nigerian Youths Are Planning To Do
"This Country is really a joke, where are we heading to?, can't we exercise our freedom of speech?"- these are the thoughts of Nigerian Youths after the Central Bank Of Nigeria froze the accounts of over 20 #EndSars protesters this morning. Bolatito Rachel Oduala popularly known as Rinu and Pamilerin is one of the most notable names whose accounts have been frozen due to their involvement in the #EndSars protest. It's saddening seeing this kind of activity from the Government as citizens are entitled to express
The Pentecostal Archbishop of south south, Julius Ediwe, has commended President Muhammadu Buhari The Archbishop said Nigeria has become more united and focused amidst the myriads of challenges and evil permutations confronting it Ediwe also those that are bent on causing disaffection in the country to support the current administration and spend more time interceding for President Buhari Pentecostal Archbishop of south south, Julius Ediwe, has commended President Muhammadu Buhari for successes recorded in
Following the ban on all cryptocurrency in Nigeria by the central bank oh nigeria (CBN), there have been a lot controversies as to the claimed legal action taken by the money governing body.
The 20 Nigerians who were accused of promoting #EndSARS protests that hit the country last year have found justice at last. That was last year when the protest against police brutality was rocking in almost every State in Nigeria, the Central Bank of Nigeria (CBN) and its governor, Mr Godwin Emiefele approached the Federal High Court sitting in Abuja to grant them the power to freeze all the bank accounts of the persons they suspected that were financing the protest. The court granted them their request to enable
Ediwe also those that are bent on causing disaffection in the country to support the current administration and spend more time interceding for President Buhari: According to legit.ng report, Pentecostal Archbishop of south south, Julius Ediwe, has acclaimed President Muhammadu Buhari for incredible recorded in the war against insurgency and religious forbearance among several groups across Nigeria. Ediwe who is also the grand patron of the National Inter-faith and Religious Organisation for Peace said t
Experts Fault CBN Governor, NESG Says N60bn Printing Not Susutainable Former Deputy Governor of the Central Bank of Nigeria (CBN), Dr. Obadiah Mailafia, and a professor of Polical Economy, Utomi Pat, have faulted Central Bank governor's, Godwin Emiefele, justification of printing more money to aid the Federal Government.
The Governor of the Central Bank of Nigeria, Godwin Emiefele while answering questions at the end of the two-day Monetary Policy Committee Meeting in Abuja on Tuesday appealed to bandits to put down their weapons and embrace the Federal Government empowerment initiative that would help them live a better life.
Following the cessation of the Endsars protests after curfews were imposed in different states, many people have come forward to report that their bank accounts have been blocked. The pattern of the accounts' block seems to be targeted at the Endsars protesters who were responsible for the movement of funds for taking care of the protesters during the protests. All fingers now point to Godwin Emiefele of CBN for being responsible for the freezing of Endsars protesters accounts unjustly. Many people seem to think
How Government Strategize to Revive and resuscitate the Nigerian Economy Amidst the COVID-19 Outbreak
I think without mistaking that Central Bank Governor while applying the Phillip's curve of Trade-off between unemployment and inflation has calculated and forecasted well that there is a trade-off between Socio-Economic lockdown and economic growth and which has warranted Federal government of Nigeria to start making some strategic plans to keep economy in better shape in the face of COVID 19 economic dislodges. Federal Government's plans to correct some economic wrongs caused by COVID-19 was released by th
The 2019 convocation of the University of Lagos (UNILAG), which was suspended in March 2020 thanks to the crisis between the Wale Babalakin-led Governing Council and Prof. Oluwatoyin Ogundipe-led management has been scheduled to carry July 5-8, 2021. According to the schedule released by the university, the exercise will formally commence with an exhibition and convocation lecture on July 5.