Tinubu Suspends CBN Governor From Office President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is contained in a statement by Willie Bassey, Director, IInformation office of Secretary to the Government of the Federation. This is...

FG Disburses N173bn To Beneficiaries Under 100-for-100 Policy - CBN The Central Bank of Nigeria (CBN) has disbursed N173.31bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. According to the bank, the CBN Governor, Godwin Emefiele, disclosed this...

Again, CBN Increases Interest Rate to 18.5% The Central Bank of Nigeria(CBN) has raised its benchmark lending rate to 18.5 per cent, from 18 per cent, in a robust push to contain the nation’s inflationary trend. The CBN governor, Godwin Emefiele, announced this on Wednesday after...

External Reserves Drop By $1.5bn In Four Months - CBN   The country’s external reserves fell by $1.5bn in four months, figures obtained from the Central Bank of Nigeria (CBN) has revealed. Latest figure on movement of the external reserves by the CBN revealed that the figure,...

Inflation: Analysts Fear Another Rise in Interest Rate as MPC Meets Today As the Monetary Policy Committee of the Central Bank of Nigeria starts its two-day meeting on Tuesday (today), analysts have indicated that the committee may raise the Monetary Policy Rate again to tackle...

Dangote Refinery to Generate 135,000 Jobs, 12,000 Megawatts of Electricity - CBN The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the Dangote Oil Refinery is expected to generate 12,000 megawatts of electricity and over 135,000 permanent jobs. Emefiele said this on Monday...