Following claims by online media platforms that Nigeria experienced a decrease of over 40 per cent in Foreign Direct Investment (FDI) in 2018, the apex bank through it Director, Corporate Communication Department of the Central Bank of Nigeria (CBN), Mr Isaac Okoroafor, has refuted the claims.
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), was yesterday sworn in for a second tenure. According to a statement by the Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau.
As part of efforts to ensure the growth of small and medium scale enterprises in the country, President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping any of the restricted 43 items into the country. The directive was disclosed by the apex bank Governor, Mr Godwin Emefiele on Friday in Abuja during a meeting with oil palm producers.
The Asset Management Corporation of Nigeria (AMCON) will be deploying superior methods like out-of-court settlements to recover over N5 trillion worth of debt. This was after a panel of judges led by Justice I.N. Buba urged the corporation to opt for the Alternative Dispute Resolution (ADR) during the 2019 Annual Seminar for External Solicitors and Asset Management Partners (AMPs) of AMCON, at Sheraton Hotel, Abuja.
President Buhari on Wednesday while presenting a speech during the nation's maiden democracy day noted that his administration was perfecting plans to take over one hundred (100) million Nigerians out of poverty in 10 years. He noted that his administration would ensure rapid and positive growth in the economy to move Nigeria away from poverty.
Rivers State Governor, Nyesom Wike, has given roadside mechanics, roadside car dealers, street traders and private taxi park operators one month to vacate the streets of Port Harcourt. According to Punch, the Governor issued the directive while speaking with the mechanics, street traders and others at the Government House, Port Harcourt on Friday.
President Muhammadu Buhari on Friday 31st May 2019 expressed deep sadness over the death of the President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Francis Johnson.
In a statement by President Buhari's Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, said the President joined members of PENGASSAN and all labour unions in the country in mourning the visionary leader, whose good nature, understanding and forthrightness helped in improving the welfare of workers, and contributed immensely to the stability witnessed in the oil sector.