Emefiele Warns Against Harming Environment     The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has stressed the need for Nigerians to protect the ecosystem, warning that henceforth banks will consider sustainable banking principles when lending money to individuals and corporate entities. He disclosed this on...

Forex: ABCON Bans Street Hawking, Moves To Cut Rate       The Association of Bureau De Change Operators has said it will commence what it called ‘Operation No Street Trading’ to stop the hawking of foreign exchange by BDC operators. The President, ABCON, Alhaji Aminu Gwadabe, said this...

External Reserves Declined By $640m In May – CBN       The country’s external reserves lost $640m in May, falling to $34.24bn on May 28 from $34.88bn as of April 28. Figures obtained from the Central Bank of Nigeria on Tuesday revealed that the reserves had been fluctuating...

620,000 Jobs Created As CBN Releases N44bn To CTG Sector       Over 620,000 direct and indirect jobs were created in two years as a result of the Central Bank of Nigeria’s (CBN’s) intervention in the Cotton, Textile and Garment (CTG) sector. CBN Governor Godwin Emefiele made this...

Ekiti Govt Threatens To Sanction N1.6bn CBN/BOI Loan Defaulters         Ekiti State Government has raised concern on the failure of beneficiaries to repay the about N1.6bn loan from the Central Bank of Nigeria and the Bank of Industry’s matching funds facility. The State Commissioner for Trade in...

Naira In Best Health Against Dollar - Garba Shehu       Senior Special Assistant to the President on Media and Publicity, Garba Shehu, says the naira in its best possible health against the dollar. He spoke while featuring on Channels Television’s ‘Sunday Politics’ programme. The Economic Confidential had earlier...