CBN’s N56b agric financing creates nearly one million jobs Emefiele bags two awards

Ondo State Governor, Rotimi Akeredolu (left); Chief Executive Officer of Greenfield Limited, Dr Paul Obanua; Governor of the Central Bank of Nigeria, Godwin Emefiele; and the royal father, Elemure of Emure-Ile, at the groundbreaking ceremony for the construction of the N42 billion Greenfield’s egg powder production plant, in Emure-Ile, Ondo State, yesterday. In just two years […]

NNPC, NPDC, oil firms yet to remit $3.8bn, N81bn since 2015 – NEITI

Executive Secretary of NEITI, Mr. Waziri Adio, The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday accused ‎the Nigerian National Petroleum, its downstream subsidiary, the Nigerian Petroleum Development Company, NPDC and other oil companies of failing to remit $3.78 billion and N80.64 billion to the Federation Account. NEITI, in its ‎2015 Oil and Gas Industry Audit, […]

Reserves near $34b mark despite interventions

• Naira stable, as CBN sells $481m, threatens sanctions to exporters The nation’s foreign exchange reserves’ profiles recorded a new increase near $34 billion mark, after gaining about $350 million in one week, with $200 million being recorded cumulatively in three trading days. The new level of $33.7 billion was achieved despite twice-weekly interventions that […]