The Department of State Services (DSS) says it has begun investigation on the clash that happened within the premises of the Federal High Court, Ikoyi, Lagos on Tuesday. Recall that DSS operatives and prison officials clashed at the court during the arraignment of the former governor of Central Bank of Nigeria, Godwin Emefiele, yesterday, Tuesday, … [Read more…]
In its bid to reverse the nation’s over-reliance in imports by creating a platform that supports right companies and projects with potential to immediately transform and jumpstart the productive base of the economy, the Central Bank of Nigeria (CBN) has unveiled the criteria for participating in its 100 for 100 policy on Production and Productivity … [Read more…]
A report by a committee of the House of Representatives has recommended the arrest of the Central Bank of Nigeria (CBN) Governor Godwin Emiefele, Nigeria National Petroleum Corporation (NNPC) Group Managing Director Mele Kyari and 52 other heads of government agencies for gross violation of the provisions of the Financial Regulatory Council on rendition … [Read more…]
According to recent figures on the Central Bank of Nigeria’s (CBN) website, on March 1, 2021 the external reserve was $34,998,144,389 but by March 16, it had shrunk to $34,475,618,425. Since January 25, 2021 when the reserve stood at $36,469,940,426.08 it has been on a steady decline to the current $34,475,618,425. In other words, … [Read more…]