Browsing: CBN

But talk is always cheap. And in a democracy with its full complement of free speech, talk is even cheaper, in some cases, crass. This is the context to situate the recent poorly choreographed verbal attacks on Emefiele and the CBN. Some Nigerians have blamed him even for their personal failings. Others think he has everything to do with the sudden arrival of the coronavirus pandemic since early last year. Emefiele has been blamed for Nigeria’s dwindling economic fortunes. And you would think he and he alone has the magisterial power to determine the price of crude oil in the international market.

According to a statement by the apex bank, ‘the management of the Central Bank of Nigeria has confirmed the appointment of Mr Osita Nwanisobi as the Director, Corporate Communications Department, with effect from August 25, 2021.”

The Ecobank Nigeria Managing Director noted that though Nigeria has made moderate progress in terms of infrastructure development regarding improved access to finance, strong telecom penetration and moderating power production, there is limited productivity in the transport sector when compared to other sectors and regions. He lamented that private sector involvement in infrastructure development is constrained by selection of low-impact projects; weak feasibility study and business plan; delays in obtaining licenses, approvals and permits, and inability to secure guarantees.