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...

Dangote Refinery’s First Product to Hit Market by July – Aliko   Africa's richest man, Aliko Dangote, has announced that the first product of the Dangote Petroleum Refinery and Petrochemicals “will be in the market before the end of July or beginning of August this year” The...

Don't Let Emefiele Leave Country Before Tinubu's Inauguration - Gov Matawalle Begs Buhari  Governor Bello Matawalle of Zamfara state has called on President Muhammadu Buhari not to allow Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to leave the country before the May 29 inauguration...

CBN Expands Non-oil Export Rebate to Boost Dollar Inflows   The Central Bank of Nigeria (CBN) says it has expanded its non-oil export rebate scheme by opening it up to additional sectors in a bid to boost dollar inflows amid slumping oil production. In the expanded scheme,...

Emefiele Says Non-oil Exporters Repatriated $1.7bn In Q1, 2023   The Central Bank of Nigeria (CBN), yesterday, revealed that non-oil exporters repatriated about $1.7 billion into the nation’s economy in the first three months (Q1) of 2023. Its Governor, Godwin Emefiele disclosed this during his keynote address...

IMF Cautions As eNaira Transactions Hit N1.4m   The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies. Georgieva expressed her concern about retail CBDCs in a May...