LAGOS OCTOBER 25TH (NEWSRANGERS)-Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said the removal of 41 items from the eligible list for foreign exchange was a major factor that helped the country exit recession which it officially entered into in 2016. Emefiele, speaking at the opening ceremony of a seminar for finance…
LAGOS SEPTEMBER 22ND (NEWSRANGERS)-The Central Bank of Nigeria has asked all customers of former Skye Bank now Polaris bank, not to fret or panic as their money in the bank is safe. This evening, the apex bank revoked the license of the former Skye bank. The CBN governor, Godwin Emefiele said the decision had been…
LAGOS SEPTEMBER 10TH (NEWSRANGERS)-Plans are underway to peg cash withdrawal limit of state governors to N20 million monthly, Daily Sun investigation has revealed. The new policy, it is learnt, will soon be communicated to the managements of commercial banks by the Central Bank of Nigeria (CBN). A Federal Government source, who disclosed the plans to…
LAGOS SEPTEMBER 10TH(NEWSRANGERS)-There are concerns over the steady decline of Nigeria’s foreign reserves since the last three months despite the rise in oil prices and accruals from foreign bonds issuance. Exclusive findings by LEADERSHIP Sunday showed that the reserves recorded a huge decline from $47,787,183,153 billion where it was on June 22, 2018 to a…
LAGOS SEPTEMBER 7TH (NEWSRANGERS)-The Central Bank of Nigeria has deducted a total of N5.61 billion from the accounts of three banks as fines it imposed on them last week for alleged illegal repatriation of funds for telecoms giant, MTN. According to a report by Reuters, the three banks include Standard Chartered which was debited N2.47…
LAGOS MAY 3RD (NEWSRANGERS)-Nigeria and China agreed on a currency-swap agreement worth $2.4 billion to boost commercial ties and reduce the need to use the dollar in bilateral trade. Yi Gang, governor of the People’s Bank of China, and Godwin Emefiele, his Nigerian counterpart, signed a three-year swap of 15 billion yuan or 720 billion…
LAGOS JANUARY 13TH (NEWSRANGERS)-Federal Minister Of Agriculture and Rural development, Audu Ogbeh has affirmed that National Egg Production Scheme (NEPRO) if fully implemented would provide one million jobs nationwide through egg production, processing and marketing. According to the Minister, the target of the scheme is to achieve a daily production of 50million eggs over the…
