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A tumbling naira Nigerians cannot bear
In 1980, a foreigner visiting Nigeria could only get N50, 500 in exchange for US$100,000. Forty years later, one would almost require the service of a bullion van to convey the naira equivalent of the same quantity of dollars.
Investors torn between debt, forex market as naira weakens
The impact of the plunge in oil price in the last two months may have spread across asset classes in Nigeria, forcing investors to widen portfolio on the bond market...
Palm biofuel, agro-based pharmaceuticals, others can replace petroleum, says Ikuenobe
Not necessarily. However, the country can grow more food to reduce its import dependence in such areas as sugar, rice, palm oil and fish, as well as derivatives of agricultural produce...
Retirees petition CBN over agreement breaches, seek pensions review
Central Bank of Nigeria (CBN) pensioners have petitioned the CBN Governor, Godwin Emefiele, over what they described as breaches of agreements for upward review of pensions in 2017 and 2019.
CBN tasks real sector on economic growth
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged industrial conglomerates in the country to support efforts aimed at growing the nation’s economy.
Central Bank pushes active public-private synergy to tackle COVID-19
The Central Bank of Nigeria (CBN), has called for active collaboration of the public and private sector to tackle the health and economic crisis bedevilling the country and the world at large.
COVID-19: CBN to fund Nigerian researchers, institutions that develop vaccine
The Central Bank of Nigeria (CBN) says it is developing a framework under which grants and long term facilities will be provided to researchers, science institutions and biotechnology firms to develop COVID-19 Vaccine.
'Bank’s support against COVID-19 spread will boost governments efforts'
Shareholders of United Bank for Africa (UBA) have said the bank’s N5billion support to contain the spread of COVID-19 pandemic will substantially aid the government’s effort to battle the virus in Nigeria.
Withdraw old naira notes from circulation, group tells CBN
The Association of Progressive Nigerians has appealed to the Central Bank to withdraw old and tattered naira notes from circulation as the country is battling COVID-19 pandemic.
FG shops for N4.1 trillion to fill 2020 financing gaps
Despite accessing $3.4billion from the International Monetary Fund (IMF), the Federal Government still needs at least $10.6billion or about N4.1trillion to address the gaps in the country’s Balance of Payment...
‘Sheriff and Civil Process Act 2004 should be abolished’
Access to Justice (A2J) has called for the abolition of the Sheriff and Civil Process Act (SCPA) 2004, saying it is arguably the greatest obstacle to the enforcement of human rights in Nigeria.
Groups hail CBN’s proposed intervention for housing, mortgage industry over COVID-19
The umbrella body for real estate developers - Real Estate Developers Association of Nigeria (REDAN) and a housing sector advocacy group – Housing Development Advocacy Network (HDAN) have commended...