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Tag Archives: Central Bank of Nigeria

Petrol to sell below N87 by January, says FG

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The Minister of State for Petroleum Resources, Dr. Emmanuel Ebe Kachikwu, has said petrol will be sold below N87 per litre from January 2019. Speaking at Port Harcourt Refinery and Petrochemicals yesterday, the minister said he has already approved the new template for petrol price and it will take off …

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CBN to monitor banks’ lending to politicians ahead of 2019 elections

CBN Governor, Mr. Godwin Emefiele

The Central Bank of Nigeria on Thursday said it would monitor the rate at which banks provide loans to politicians to finance their campaign spending ahead of the 2019 general elections. The Governor of the CBN, Mr Godwin Emefiele, disclosed this while briefing journalists shortly after a two-day Monetary Policy …

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Economy may slip back into recession – CBN

CBN Governor, Mr. Godwin Emefiele

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the economy were putting the country’s exit from recession under threat. The Nigerian economy exited recession in 2017 after suffering contraction for five consecutive quarters. Addressing journalists shortly after …

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Why I trekked 800m in Daura – Buhari

buhari-salah-

President Muhammadu Buhari yesterday explained why he trekked 800 metres in Daura, Katsina State, on Sallah day. At a meeting with representatives of the five local government areas in Daura Emirate, the president said the walk was not about proving his fitness level or scoring cheap political gains. There had …

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