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CBN leads in economic diversification – Emefiele

The Central Bank of Nigeria (CBN) says it is leading the drive towards diversifying the nation’s economy away from oil through its numerous interventions. CBN Governor, Godwin Emefiele, said this at the 33rd Seminar organised by CBN for the Finance Correspondents and Business Editors Saturday in Lagos. The conference, which …

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Seplat Signs Deal To Acquire Nigerian Unit Of ExxonMobil

Seplat Energy Offshore Limited has entered into an agreement to acquire the entire share capital of the Nigerian unit of Exxon Mobil Corporation – Mobil Producing Nigeria Unlimited (MPNU). The former’s Chief Financial Officer, Emeka Onwuka, who announced this in a statement on Friday, however, said the completion of the …

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CBN Postpones Launch Of ‘E-naira’

The Central Bank of Nigeria has announced the postponement of the launch of the country’s digital currency, eNaira. According to the CBN spokesperson, Mr Osita Nwanisobi, the decision to postpone the unveiling of the E-naira, scheduled for October the 1st, was made to avoid any distractions from the country’s 61st …

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JUST IN: CBN Threatens To Arrest, Prosecute Abusers Of Naira

The Central Bank of Nigeria (CBN) has said it is collaborating with the Nigeria Police and other law enforcement agencies to arrest and prosecute anyone found abusing the Naira. Disclosing this in a statement, Ag. Director, Corporate Communications, CBN, Osita Nwanisobi, said: “The attention of the Central Bank of Nigeria …

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