• Group launches website calling for Emefiele’s sack

    Group launches website calling for Emefiele’s sack

    A website, emefielemustgo.com has gone online with a campaign for the sack of the Governor of the Central Bank of Nigeria, Godwin Emefiele.

    The website which was launched by an unidentified group, is parading itself as a group of concerned Nigerians who want CBN governor sacked because of the damage he has brought to Nigeria’s economy. It however said it can be contacted through its email, [email protected]

    “Nigeria is Africa’s largest economy and the biggest black nation in the world.

    Since the Buhari […]

  • How Buhari ordered security operatives to rescue CBN Governor’s wife within 24 hrs

    How Buhari ordered security operatives to rescue CBN Governor’s wife within 24 hrs

    Following the kidnap and rescue of Mrs Margaret Emefiele, wife of the Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, the CBN boss has expressed gratitude to President Muhammadu Buhari over his directives to the security operatives to rescue his wife within 24 hours.

    Emefiele gave his gratitude in a statement released in Abuja on Saturday by the Acting Director, Corporate Communications, Mr Isaac Okorafor.

    Okorafor in the statement said, Emefiele praised the security agencies for their gallantry in bringing his […]

  • How Nigeria was plunged into recession – CBN

    How Nigeria was plunged into recession – CBN

    A failure to save for the rainy day as well as poor monetary and fiscal policies were partly responsible for the country’s current recession, according to the Central Bank of Nigeria (CBN).

    The CBN Governor Godwin Emefiele who disclosed this at an interactive session with media managers in Lagos at the weekend noted that a number of external factors, particularly the crash in global oil prices, also contributed to the nation’s economic woes.

    “I must confess that what is happening today is […]

  • Recession: So Sad How Investors Lose N281bn In Less Than Nine Months

    Recession: So Sad How Investors Lose N281bn In Less Than Nine Months

    Investors in the nation’s stock market have lost about N281 billion of their investment value in the past eight months as the ongoing economic recession continues to hit the financial market.

    This is just as stockbrokers continued to lament over difficult operating environment which has placed their businesses in difficulties.

    Adelove News findings showed that the Nigerian Stock Exchange, NSE market capitalisation, which represents the value of total investment in the stock market by investors, dropped by N281 billion or 2.9 per […]

  • How Nigeria frittered $62b foreign reserves, by Emefiele

    How Nigeria frittered $62b foreign reserves, by Emefiele

    Central Bank of Nigeria (CBN) Governor Godwin Emefiele  and some media chiefs at the weekend met to discuss  the economy,  recession and how the misapplication of the country’s foreign reserves. The apex  bank chief spoke on the measures being put in place to revamp the economy. Group Business Editor SIMEON EBULU was there.

    Nigeria is in a recession, the first in decades. Things are bad and the people are suffering. How did we get there?

    I must apologise that this is happening […]

  • Recession: worst is over, says CBN boss Emefiele

    Recession: worst is over, says CBN boss Emefiele

    From Central Bank of Nigeria (CBN) Governor Godwin Emefiele has come a piece of good news on the recession-hit economy.

    “We have turned the bend,” he said at the weekend in Lagos.

    Nigerians have been grumbling over the tough economic climate – high food prices, poor infrastructure, job cuts and low productivity, among others.

    To Emefiele, who spoke with media executives,  the worst is over. His optimism is hinged on the following facts:

    foreign portfolio investors have injected $1 billion into the economy in […]