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Business

Emefiele Warns Again: Why Nigeria Must Halt Heavy Reliance On Crude Oil Revenue

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has again warned that Nigeria's over reliance on crude oil revenue to guarantee...
Business

How Nigeria ‘ll Exit Recession In First Quarter 2021 –Emefiele

Governor of Central Bank, Mr Godwin Emefiele, has projected that Nigeria will expectedly exit recession by the first quarter of 2021. The governor of the...
Business

Recession: Naira crashes further, Nears N500/$1 On Parallel Market

Nigeria’s national currency and unit of exchange, Naira, reportedly crashed further on Thursday by N8 against the dollar. The Naira's dramatic fall with telling effect...
Business

FG Targets $20m Annual Revenue, 1m Jobs From Rejuvenated National Arts Theatre

Following the official handover of the iconic National Arts Theatre Complex, Iganmu Lagos, to the Central Bank of Nigeria (CBN) and the Banks under...
Business

FX Repatriation: CBN Governor, Emefiele Allays Foreign Investors Fears

The Central Bank of Nigeria (CBN) has assured foreign investors that repatriating their funds from the country is secured despite forex related revenue shortages...
News

Covid-19 Tragedy Creates An Opportunity For a New Nigeria, says Emefiele

Reveals: N15trn Special Vehicle ,InfraCo PLC, 'II Jump Start New Economy By Hamilton Nwosa (Head,The New Diplomat’s business and data tracking desk) Governor of the...
Banking

As Oil Price Crashes, Emefiele Douses Anxiety, Says N380 Forex Rate Not Devaluation

By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Central Bank of Nigeria Governor, Mr Godwin Emefiele on Saturday, clarified that the recent...
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