#CBN
8 stories
Expert flays NNPC N287B profit; describes it as a manipulated balance sheet full of deception
A financial expert, public issues commentator and good governance advocate, Dr. Nnaemeka Obiareri has described as deceptive, manipulative and sheer distortion of standard accounting standards the recently announced profit of N287billion by the Nigeria National Petroleum Corporation NNPC, from its perennial operational losses. He said that when the figures brandished by NNPC leadership is interrogated, […]
CBN needs bankable policy to reduce Nigeria’s $1.5 billion import bill on Wheat
Nigeria boasts of 34 million hectares of arable land area, with about 6.5 million hectares for permanent crops. Little wonder, Agriculture serves as the country’s main driver of the economy after oil. But despite the goodies in the sector, the country imported wheat worth N2.2 trillion in the last four years. According to data from […]
Do you know Government Interventions In Agriculture May Not Yield Any Positive Result?
That scares right? Nigeria Governments at Federal and State levels are desirous of feeding its exploding population and earn from export. But all that may still equal zero despite hundreds of Billions of Naira Government has plunged into agriculture through NIRSAL/CBN. Have you wondered why despite all the intervention policies, prices of food are skyrocketing […]
Nigeria’s external debt grows by 411% in 8 years — ActionAid
Study commissioned by ActionAid Nigeria has revealed that the country’s external debt stock increased by 410.9 per cent between 2012 and 2020, with the highest year-on-year growth recorded in 2017 at 65.82 per cent, followed by 35.16 per cent growth in 2013 and 33.63 per cent in 2018. “The states and FCT external debt stock […]
OpinionSMS Banking Service Is A Criminal Scheme By Banks With CBN Collusion
A Nigerian has narrated how his bank made it near-impossible when he applied for deactivation of the SMS service scheme. Samson Akhigbe, who shared his experience on his Facebook page described the scheme as the most fraudulent one crafted by Banks with the banking of the Central Bank of Nigeria. He advise Nigerians to deactivate […]
HeadlinesExposed: How Buratai, Other Service Chiefs Empty N2.5b from Military Pension Board In 24hrs
More Information now emerges on how the former Chief of Army Staff, Tukur Yusuf Buratai and other Service Chiefs plundered the Military Pension Treasury domiciled with Central Bank of Nigeria. Information uncovered by initially uncovered by PointBlank News revealed that on 31st December, 2020, Buratai and other Service Chiefs, including the leadership of Military Pension […]
HeadlinesCovid – 19: FG imported Worse Vaccines for Nigerians – Dino Melaye
By: Kenny Folarin Former Senator representing Kogi West, Senator Dino Melaye has alleged that the Federal Government imported a worse vaccine for Nigerians. The Senator in an interview with Root TV noted that the Federal Government did not take the interest of Nigerians at heart but imported a vaccine with most side effect and less […]
Three Nigeria Banks may collapse in 2021 Over negative balance sheet and rougher business outlook
As it stands now, according to an insider source who would want to remain anonymous, some Nigeria banks have been run into obligations that have far outweighed their incomes and stirred red balance sheets. Another reason identified for this looming danger is the disreputable and unprofessional activities of some bank Chief Executive Officers which the […]