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Emefiele Woos Youths To Embrace Agriculture

By Sahel Standard Magazine May 6, 2021 51 0

…vows to resist importation of maize in Nigeria KATSINA – The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged youths in Nigeria to embrace agriculture, declaring the Bank’s readiness to support youths that are willing to engage in agriculture. This is even as the Governor reiterated the Bank’s opposition to the importation of maize […]Continue Reading

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‘Bring the money from CBN’ — Gumi asks FG to pay for Greenfield students’ release

By Sahel Standard Magazine May 5, 2021 43 0

Ahmad Gumi, prominent Islamic cleric, has asked the Central Bank of Nigeria (CBN) to pay the N100 million demanded by the abductors of Greenfield University students, Kaduna state.  Several students were abducted on April 18 when gunmen attacked the school. The kidnappers have since killed five of the students and threatened to kill 17 of them still in […]Continue Reading

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CBN queries First Bank for appointing new MD ‘without approval’

By Sahel Standard April 29, 2021 90 0

The Central Bank of Nigeria has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. The query is contained in a letter dated April 28, 2021 signed by the CBN Director, Banking Supervision, Mr Haruna Mustafa, and obtained by the News […]Continue Reading

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Fed Govt faults World Bank’s power sector survey

By Sahel Standard Magazine April 28, 2021 57 0

The Federal Government on Tuesday disagreed with the World Bank on its survey report, which claimed that 78 per cent of consumers in Nigeria get less than 12 hours of power supply daily. Responding to the Power Sector Recovery Programme Opinion Research Fact Sheet released by the World Bank last Friday, the Special Adviser to the President […]Continue Reading

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Nigeria Disputes World Bank Report That Says Country Is World’s Least Electrified

By Sahel Standard Magazine April 26, 2021 65 0

Nigeria’s federal government on Sunday rejected a World Bank’s report, which indicated that over 78 per cent of electricity consumers in Nigeria received less than 12 hours of electricity supply daily. A statement released through the Special Adviser to the President on Infrastructure, Mr. Ahmad Zakari, while disputing the survey, said it was unclear what […]Continue Reading

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Emefiele Tasks Varsities, Nigerian Youth on Agriculture

By Sahel Standard Magazine April 25, 2021 43 0

…Bags FUAM Honorary Doctorate in Agripreneurship The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has again challenged tertiary institutions in Nigeria to promote research and well-designed programmes that will boost agriculture in Nigeria. Mr. Emefiele stated this on Friday, April 23, 2021, while delivering a lecture titled: “Jump Starting the Continue Reading

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Nigeria’s Trade Deficit Rises To $2.5bn

By Sahel Standard Magazine April 22, 2021 74 0

Nigeria’s trade deficit rose month-on-month by 49 percent to $2.5 billion in January from $1.69 billion in December last year. This comes even as foreign trade stood at $8.14 billion during the period, the Central Bank of Nigeria, CBN, Economic Report for January, 2021 has shown. According to the report, Capital importation also dropped by […]Continue Reading

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CBN Governor’s Remark At The Non Oil Export Event

By Sahel Standard Magazine April 21, 2021 65 0

I am indeed delighted to attend this seminar dedicated towards expanding intra-regional trade and improving Nigeria’s non-oil export.  Let me first commend the organizers of this seminar, Zenith Bank for their focus on growing our non oil exports, which, if well harnessed can enable greater growth and improved foreign inflows for the Nigerian economy.  In […]Continue Reading

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CBN Warns Against Rejecting Lower U.S Dollar Denominations

By Sahel Standard Magazine April 21, 2021 83 0

The Central Bank of Nigeria (CBN) has mandated all Deposit Money Banks (DMBs) and Bureau de Change operators in the country to accept both old series and lower denominations of United States Dollars that are legal tender for deposit from their customers. This became necessary following complaints from the general public on the rejection of […]Continue Reading