Tuesday , January 31 2023

Local Business

Court Summons Emefiele Over Suit Seeking His Arrest

A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to appear on Wednesday over a $53 million judgement debt arising from the Pars Club refunds. Justice Inyang Ekwo in an application for garnishee made on October 20, 2022, ordered Emefiele to appear on January 18 as the hearing date for …

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‘I’m Attending To Health Issues Abroad’, Emefiele Writes Reps

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has written to the House of Representatives, explaining why he will not be able to honour the invitation sent to him in person. The letter sent to the House by the CBN governor was read by the Speaker, Femi Gbajabiamila at the plenary on Wednesday. The Speaker informed the …

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No Going Back On Cashless Policy, Says Emefiele

Governor of the Central Bank of Nigeria, Godwin Emefiele, has ruled the possibility of reversing the ongoing implementation of cashless policy. The House of Representatives at Thursday plenary asked the CBN Governor to suspend implementation of the policy pending the outcome of the expected engagement on the compliance with the relevant sections of the CBN act and the 1999 constitution on the monetary policies …

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Finance Minister Knocks CBN over redesigning of the Naira

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Friday, expressed reservations with the redesigning of some naira denominations by the Central Bank of Nigeria (CBN). The CBN on Wednesday announced that it would start circulating newly redesigned N100, N200, N500, and N1000 naira notes from December 15. CBN governor, Godwin Emefiele, said the move was to counter …

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Projects All Over The Country Justify Buhari’s Borrowings – Fashola

The Minister of Works and Housing, Babatunde Fashola, has said infrastructural projects all over the country justify the foreign debts by the present administration. According to the Minister, President Muhammadu Buhari-led administration met N18billion in 2015 appropriated for works, saying the government had to borrow to execute the projects. Fashola spoke on Thursday at the opening ceremony of the 28th …

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