Global Statistics

All countries
526,815,632
Confirmed
Updated on May 21, 2022 9:16 am
All countries
482,458,130
Recovered
Updated on May 21, 2022 9:16 am
All countries
6,299,098
Deaths
Updated on May 21, 2022 9:16 am

COVID-19 Global Statistics

All countries
526,815,632
Confirmed
Updated on May 21, 2022 9:16 am
All countries
482,458,130
Recovered
Updated on May 21, 2022 9:16 am
All countries
6,299,098
Deaths
Updated on May 21, 2022 9:16 am

Support Corruption-Free

Supporting Corruption-Free isn’t a transaction for an online service. Our Community is for people like you who care about a common good: ensuring that balanced, independent coverage of Nigeria and the world continues to be available to millions across the world, for free.

Central Bank of Nigeria Assures Investors of Safety of Investment

Future of Chelsea FC Uncertain As Abramovich Is Urged To Sell Club

UK has yet to decide whether to sanction the Russian billionaire, who has failed to condemn Moscow since the Ukraine invasion and is said to have ‘privileged access’ to Putin

German Envoy to Israel: Putin’s Nazi Accusations ‘Abhorrent’

Ambassador Susanne Wasum-Rainer decries Russian leader’s ‘distortion of the Holocaust’; says chancellor’s visit amid global crisis shows strength of Israel-Germany ties

Footage shows Israeli’s car coming under Ukrainian fire in deadly mistaken identity

Report says Roman Brodsky now believed to have been killed by Ukrainian civilian defense militia; ‘How can you shoot without checking? Animals!’ exclaims his partner

Canadian Telcos Waive Long Distance Connection Fees To Ukraine

Canada’s major telecommunication providers have all waived long-distance fees for connections to Ukraine, to allow Canadians to stay in touch with friends...

PASTOR ADEBOYE’S HUMILITY NOT ALTERED BY HIS MANY ACHIEVEMENTS – VP OSINBAJO

As Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG) clocks 80, a unique lesson for all...

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors of the security of their investments in the country in spite dwindling revenue from the sale of crude oil globally.

The CBN’s Director, Corporate Communications Department, Mr Isaac Okoroafor, in a statement on Sunday, said Emefiele gave the assurance in Abuja.

The apex bank governor said investors interested in repatriating their funds from the country were guaranteed to get their money, notwithstanding the drop in the revenue from crude oil.

He noted that the bank had put in place policies to ensure an orderly exit for those that might be interested in doing so.

Emefiele, however, urged investors to be patient as such repatriations were being processed, owing to the Bank’s policy of orderly exit of investments.

Recalling a similar situation that occurred in 2015 over declining revenue, the governor said that the CBN was able to settle all commitments in an orderly manner.

According to him, the foreign exchange available will be devoted to strategic importation or service obligations that are priority.

Meanwhile, Emefiele also stated the CBN, in collaboration with the Federal Ministry of Industry, Trade and Investment, was committed to galvanizing the manufacturing sector in a bid to reset the economy.

He disclosed that CBN had met with the banks, manufacturers in the health sector and the larger manufacturing group to address the challenge posed by the pandemic.

He noted that as leaders, the fiscal and monetary authorities must work together to moderate the health and economic impact of the COVID-19.

Emefiele said the COVID-19 presented Nigeria with an opportunity to reset the economy and as such there was need for the country to prepare itself to get the manufacturing sector to work, while the banking sector supports the economy.

The governor added that with the revenue drop from crude, Nigeria had no choice but to diversify its economic base, adding that the time had come for Nigerians to produce what could be produced and consume what is produced in the country.

Hot Topics

Future of Chelsea FC Uncertain As Abramovich Is Urged To Sell Club

UK has yet to decide whether to sanction the Russian billionaire, who has failed to condemn Moscow since the Ukraine invasion and is said to have ‘privileged access’ to Putin

German Envoy to Israel: Putin’s Nazi Accusations ‘Abhorrent’

Ambassador Susanne Wasum-Rainer decries Russian leader’s ‘distortion of the Holocaust’; says chancellor’s visit amid global crisis shows strength of Israel-Germany ties

Footage shows Israeli’s car coming under Ukrainian fire in deadly mistaken identity

Report says Roman Brodsky now believed to have been killed by Ukrainian civilian defense militia; ‘How can you shoot without checking? Animals!’ exclaims his partner

Related Articles

Future of Chelsea FC Uncertain As Abramovich Is Urged To Sell Club

UK has yet to decide whether to sanction the Russian billionaire, who has failed to condemn Moscow since the Ukraine invasion and is said to have ‘privileged access’ to Putin

German Envoy to Israel: Putin’s Nazi Accusations ‘Abhorrent’

Ambassador Susanne Wasum-Rainer decries Russian leader’s ‘distortion of the Holocaust’; says chancellor’s visit amid global crisis shows strength of Israel-Germany ties

Footage shows Israeli’s car coming under Ukrainian fire in deadly mistaken identity

Report says Roman Brodsky now believed to have been killed by Ukrainian civilian defense militia; ‘How can you shoot without checking? Animals!’ exclaims his partner