Tag: CBN
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Don’t Drag CBN into Disruptive Politics – Group Warns
A rights group, Save Nigeria Movement has described a publication in the Pilot Newspaper, February 8 edition, credited to Reform Nigeria Now (RNN), a People’s Democratic Party (PDP) youth group, in Makurdi, the Benue State capital where it accused the Central Bank of Nigeria (CBN) of favouring members of the All Progressives Congress (APC) in…
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CSOs Present Annual Assessment of MDAs Report : NYSC, DSS , CBN Tops Performance Chart
…..Commends NYSC, DSS, CBN On National Unity, Skills Acquisition, Economy The Civil Society Joint task force on Good Governance, Accountability and Reforms (CSOGAR) has presented its annual report on the performance of MDAs under the federal government. In a statement made available to journalists in Abuja , alternate Chair of the task force, Rev Solomon…
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CSOs Laud Buhari, Emefiele for Economic Recovery After Covid-19 Lockdown
The Coalition of Civil Society Groups, CCSG, have held a solidarity rally in support of President Muhammadu Buhari and the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele for recovering the nation’s economy after the negative impact of the COVID-19 Pandemic. The rally was held at the Unity Fountain, in Abuja on Wednesday,…
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Contractors appeal to CBN to release funds to Niger Delta Ministry, NDDC, to pay for completed projects
By Our Correspondent Niger Delta contractors have appealed to the Central Bank of Nigeria, CBN, and the Ministry of Finance to release monies to the Ministry of Niger Delta Affairs and the Niger Delta Development Commission, NDDC to fast-track their outstanding payments for projects executed in the oil-rich region. According to sources, the contractors who…
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Currency Printing: Diaspora Forum Commend CBN over Plans to Assist Gambia
Nigerians in Diaspora under the aegis of Diaspora Forum on Small and Medium Enterprises have thrown their weight behind the Central Bank of Nigeria (CBN) over it decision to assist the Gambian Central Bank to print its currency saying such act will boost the image of the country as the giant of Africa. Comrade Fidelis…
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Market Women Lauds PMB, CBN Over Boost in Economy
A coalition of several Market Women Organisations have commended President Muhammadu Buhari and the Central Bank of Nigeria (CBN) for the boost witnessed in the economy which has made business worth the venture in the country. The group at a solidarity rally in support of President Buhari and the Central Bank of Nigeria management attributed…
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CBN says oil imports gulped $1.32bn in 2020
The Central Bank of Nigeria has stated in a latest report that quantity of foreign exchange used for oil imports in 2020 was $1.32bn, compared to $2.10bn in 2019. The CBN’s data on sectorial utilisation for transactions valid for forex revealed that $148.32m was utilised in January for oil imports; $145.23m in February, and $139.55m…
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Yuletide: CBN to investigate dearth of money in ATMs
The Central Bank of Nigeria (CBN) says it will investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State. The CBN‘s Acting Director, Corporate Communications, Mr Osita Nwanisobi told the News Agency of Nigeria (NAN), on Wednesday, that ATMs were introduced so as to ease the sufferings of…
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Consumers ‘ll shun luxury items in next few months, says CBN
Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months. The Central Bank Of Nigeria (CBN) made this known in its Consumer Expectations Survey (CES) Report for December 2020, released by the Statistics Department of the apex bank on Tuesday in Abuja. According to the report, most consumers believed…
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ECONOMIC SUMMIT: FG, CBN get commendations over post covid-19 interventions
The Central Bank of Nigeria has been commended over its timely intervention programmes geared towards eradicating poverty and addressing unemployment caused by the impact of COVID-19 pandemic. The commendation was made by the President of Coalition of Civil Society Groups, Mr Etuk Bassey Williams, while delivering his welcome address during the 7th National Economic Summit,…