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Police arrest suspected kidnappers of CBN governor’s wife

The Nigeria Police Force on Monday said it had arrested nine suspected kidnappers of the CBN governor’s wife, Mrs Margret Emiefele. The suspects are: Lance corporal Musa Maidabra, 28, Lance corporal Edwin George, Ernest Uduefe, 32, and Mohammed Abubakar, 29,

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5,000 wheat farmers register for CBN anchor borrower programme in Kano

The Wheat Farmers Association of Nigeria (WFAN) in Kano State said it had so far registered no fewer than 5, 000 wheat farmers for the CBN anchor borrower programme in the state. The state WFAN Chairman, Alhaji Faruk Rabiu disclosed

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I cannot be intimidated – Godwin Emefiele

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele said that no amount of intimidation will make him stop performing his duties effectively to Nigerians. He said this in a statement while reacting to the release of his

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CBN governor’s wife released

Mrs. Margaret Emefiele, the wife of the Governor of the Central Bank of Nigeria, Godwin Emefiele, has been released by her kidnappers. Sources at the Police High Command told our correspondent Margaret and four others were released around 1am on

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Edo polls: INEC takes delivery of voting materials from CBN today

The Independent National Electoral Commission (INEC) in Edo has said that it will take delivery of sensitive voting materials from the Central Bank of Nigeria in Benin today. The INEC Assistant Director on Voter Education and Publicity, Mrs Prisillia Sule,

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CBN plans to borrow N952bn in 3 months

The Central Bank of Nigeria is planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury Bills from September 15 to December 1, 2016. In its latest TBs issuance calendar, the CBN said it would sell N264.47bn

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Nigeria will remain in recession till 2020 – Agbakoba

A Senior Advocate of Nigeria, Dr. Olisa Agbakoba, has said Nigeria will continue to wallow in economic recession until 2020 except the Federal Government takes hold of the banking sector and exert more regulatory control, among other measures. Also, the

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Loan to DISCOs: CBN to sanction banks

[views] The Central Bank of Nigeria, CBN, said it has approved a sanctions grid to commercial banks participating under the Nigeria Electricity Market Stabilisation Facility (NEMSF), the loans meant for DISCOs and GENCOs. The bank said in a circular signed

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Banks to now accept moveable assets as Collateral – CBAN

[views] The Credit Bureau Association of Nigeria (CBAN), Central Bank of Nigeria (CBN) and International Finance Corporation (IFC) are working towards improving access to loan facilities using movable assets as collateral. It was gathered that the institutions held a one-day

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CBN reinstates 9 banks suspended from forex market

[views] The Central Bank of Nigeria (CBN) has reinstated the 9 banks that were recently suspended from the foreign exchange market. They were suspended last week for failing to remit about$ 2.3 billion funds of the Nigerian National Petroleum Corporation

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