LAGOS MAY 13TH (NEWSRANGERS)-The Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, has announced that the apex bank is ready to support researchers, science-based institutions, and biotechnology firms with N100bn grant in the quest for a homegrown vaccine to fight Corona Virus Disease in Nigeria. The apex bank governor, who spoke at…
LAGOS MAY 4TH (NEWSRANGERS)- The Central Bank of Nigeria (CBN) has barred banks from laying off workers due to the coronavirus. The apex bank corporate communications director Isaac Okorafor made the disclosure in a statement on Sunday. “In order to help minimize and mitigate the negative impact of the COVID-19 pandemic on families and livelihoods,…
LAGOS MAY 1ST (NEWSRANGERS)- The Central Bank of Nigeria, (CBN) has received a seven-day ultimatum to make public the total number of COVID-19 funds and material donations received from local and international organisations from February to April this year. Since February when the first Coronavirus index case, an Italian, was discovered in Nigeria, funds from…
By Godwin I. Emefiele, Governor of the Central Bank of Nigeria LAGOS APRIL 15TH (NEWSRANGERS) — As many people are now aware, the outbreak of the Novel Coronavirus Disease (COVID-19) in China has rapidly permeated and profoundly changed the world. While this crisis is first and foremost a public health issue, which has claimed the…
LAGOS APRIL 1ST (NEWSRANGERS)-The Nigerian currency depreciated to its weakest level since February 2017 in the unofficial black market after the country’s central bank cut supply to dealers. The local unit traded at 415 naira per dollar according to abokiFX.com, which collates rates from street-traders in Lagos. In the official spot market, naira traded 386.51…
LAGOS MARCH 27TH (NEWSRANGERS)-Guideline for the disbursement of the N50 billion special intervention fund by the Central Bank of Nigeria (CBN) has been released. The fund is meant to serve as a stimulus package for households and small businesses to cushion the effect of the COVID-19 pandemic. Governor of the CBN, Mr Godwin Emefiele, had…
LAGOS MARCH 27TH (NEWSRANGERS)-Nigeria has appealed to private companies to make voluntary contributions toward the 120 billion naira ($330 million) that the government says it needs to fight the coronavirus epidemic. “So far, the federal government has made giant strides in the fight but it is clear that the private sector needs to step in…
LAGOS MARCH 21ST (NEWSRANGERS)-Nigeria has technically devalued the naira at the Investors and Exporters (I&E) trading window from N366.70 to N380.20. A source at the Central Bank of Nigeria, who asked to remain anonymous confirmed the development Friday to THEWILL. The move is expected to sustain foreign portfolio investors’ interest in Nigeria’s financial instruments. Nigeria…
