According to the latest report released on Monday, May 3, by the apex bank, the reserves, which had been fluctuating, rose from $34.85bn as of April 1 before returning to a downward path in the middle of the month.
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This was disclosed in a statement by the Company Secretary of Honeywell, Yewande Giwa, on Sunday.
Unegbu, who is a former Managing Director of the Citizens International Bank, and a past president of Chartered Institute of Bankers of Nigeria, stated this in an interview with the News Agency of Nigeria on Saturday in Abuja.
The Managing Director/Chief Executive Officer of the Bank, Tomi Somefun, disclosed in the Bank’s unaudited Q1-2021 results submitted to the Nigerian Exchange Limited on Friday in Lagos.
To tackle the impact of the pandemic, various governments introduced several policies; Nigeria, and its key organisations, were not left out. Consequently, the Central Bank of Nigeria reduced interest rates on all applicable CBN interventions, from nine to five per cent and introduced a one-year moratorium.
The man of God revealed that there is a new set of Boko Haram Terrorists in Nigeria and they are going after sensitive establishments in the country, especially the road leading to the Presidential Villa, also known as Aso Rock, Central Bank of Nigeria, National Assembly and Nigerian National Petroleum Corporation.
The query was contained in a letter dated April 28, 2021, signed by the CBN Director, Banking Supervision, Haruna Mustafa.
A statement released by the Special Adviser to the President on Infrastructure, Ahmad Zakari, stated that it was unclear what empirical evidence the bank deployed to arrive at the figures.
Emefiele stated this on Friday, April 23, 2021, while delivering a lecture titled: “Jump Starting the Agricultural Revolution: The CBN Experience” at the 23rd-25th joint convocation lecture of the Federal University of Agriculture, Makurdi.
Speaking at the Edo State Transition Committee stakeholders Engagement, Obaseki had raised concern that the step the apex bank took was an indication that the Nigerian economy was ailing.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, briefed State House correspondents after virtual NEC meeting presided over by Vice President Yemi Osinbajo on Thursday at the Presidential Villa.
Aliyu Ilias, Executive Director of the group, said this in a statement on Wednesday in Abuja.
According to the Central Bank of Nigeria (CBN) monthly economic report, the government’s revenue fell below its benchmark, owing to the decline in non-oil receipts, resulting from the lingering effects of the COVID-19 pandemic on business activities and shortfalls in tax revenue.
The forum in a statement by its chairman, Gov.Abubakar Bagudu of Kebbi on Sunday in Abuja, said Obaseki’s claims did not reflect the true position of things.
Describing the governor’s claim as very sad, the minister explained that the money being shared monthly at FAAC is revenue generated.
The principal sums deposited, the tenor and rate of interest were shrouded in secrecy, according to the Senate panel chaired by Senator Matthew Urhoghide.
Ike gave this advice in a virtual presentation while addressing students of Adeleke University High School, Ede, Osun State on March 25 to mark this year’s Global Money Week, event hosted by Polaris Bank Limited.
The CBN Governor, Godwin Emefiele, who made this known on Wednesday while presenting the communique from the MPC meeting, said the committee also agreed to hold all other parameters constant.
At Tuesday’s sitting by the Committee chaired by Hon Busayo Oluwole Oke(PDP-OSUN) during which only three queries could be taken, it was discovered that over N3.9 billion was reportedly expended by the agency with proper documents to back up the expenditures which angered the members of the committee.
The committee also summoned Central Bank Governor, Godwin Emiefele to give details of monies released for the purchase of military hardware.