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CBN Pledges To Drive Economy Away From Recession

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Recession CBN Economy

CBN Pledges To Drive Economy Away From Recession

The Central Bank of Nigeria (CBN) says the governor, Godwin Emefiele, and his team at the Bank will not be deterred in their effort to steer the Nigerian economy away from the looming recession due to the global impact of the Coronavirus (COVID-19) pandemic, in spite of the push by some vested interests to impugn the integrity of the Bank.

The Bank’s director, Corporate Communications Department, Isaac Okorafor made the declaration in Abuja in a chat with newsmen. He disclosed that the Bank had uncovered sinister plans by some persons with selfish interests in Nigeria’s economic and socio-political space to distract the CBN and discredit the institution through deliberate misinformation, complete fabrications and outright lies.

He said that the Bank, in pursuit of its mandate enshrined in the CBN Act (2007), as Amended, will continue to strive to ensure accretion to the external reserves to safeguard the international value of the Naira, in addition to ensuring no individual or institution circumvents the system.

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According to Okorafor, the Naira, in the past three years, had remained stable against other world currencies, due largely to strict measures put in place by the CBN to check cases of round-tripping. He said the Bank, working with other relevant agencies of government, had equally curtailed the activities of economic saboteurs neck-deep in smuggling and other economic crimes.

While noting that those opposed to the policies of the CBN will not relent in their effort to undermine the Bank, he said the Bank remained resolute to the dictates of its enabling Act and would not be distracted by subjective criticisms from persons who do not mean well for the general good of the Nigerian people and the economy.

He recalled that the CBN, under Emefiele’s leadership, had made genuine patriotic efforts at promoting economic growth and development through its intervention programmes, particularly in the agricultural sector, which he said led to the revamp of value chains across over ten agricultural commodities, including cotton, oil palm, fish, poultry, livestock and maize, among others. He cited the rice revolution under the Anchor Borrowers’ Programme (ABP) as a major contributor to shielding Nigeria from a food crisis when major rice producing countries of the world halted exports from their shores in the height of COVID-19.

Also alluding to the recent interventions of the Bank through the N50 billion Targeted Credit facility (TCF) for households and small businesses affected by the pandemic and the N100 billion Credit Support for the Health sector, Okorafor said the Bank remained people-oriented.

Continuing, the spokesman bemoaned a situation where persons with vested interest in the economy of the country and its socio-political landscape continued to misinform unsuspecting members of the policies of the Bank as well as impugn the integrity of the institution and its key officers.

Okorafor assured that the CBN remained committed to transparently pursue its mandate in the interest of majority of Nigerians rather than for the selfish interest of a few, stressing that majority of Nigerians were better informed and would not indulge in unpatriotic economic acts for selfish purposes.

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Naija News

Kogi Assembly backs Bello for 2023 Presidency

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Kogi State Governor

The Kogi State Assembly has urged Governor Yahaya Bello to contest the 2023 Presidential election.

The lawmakers made the call after passing a motion to this effect during plenary, in Lokoja, on Wednesday.

House Majority Leader, Hassan Abdullahi, while moving the motion said the call was predicated on the sterling performance of the Governor since he assumed office in 2016.

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The resolution which was passed by the house read in part, “We, the Right Honourable Speaker and Honourable Members of the Kogi State House of Assembly, upon due deliberation of proper motion therefore, do hereby unanimously make and pass a Vote of Confidence on His Excellency, Governor Yahaya Bello of Kogi State.

“That, this Vote of Confidence is founded upon irrefutable and irreducible incidents of Governor Yahaya Bello’s leadership as the 4th Executive Governor of Kogi State, for a reference period spanning 27th January, 2016 till date, during which he has demonstrated uncommon Courage, Capacity and Competence at his duty post, even in the face of the most daunting odds.”

Speaking to newsmen after the session, the Speaker, Rt. Hon. Matthew Kolawole said, “We have made our case. Nigerians are very reasonable. Kogi is selfless to offer our God-given Governor to Nigeria.”

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Naija News

Buhari Urges Nigerian Energy Consumers to Consider Gas as Alternative to Petroleum Products

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The president of nigeria, muhammadu buhari has urged nigerian energy consumers to shift their attention from petroleum products to gas, which he described as cheaper, cleaner and more accessible.

 

President buhari made the call, during a virtually held event at the state house, tuesday, to unveil a national gas expansion programme and national auto-gas roll-out initiative.

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He noted that the recent deregulation of the downstream sector had exposed many to price instabilities in the global market.

 

According to him, with the heavy gas reserves of about 203 trillion cubic feet and additional upside of 600 tcf, nigerians should embrace the use of gas as an alternative, to petrol.

 

The president also applauded nigerians and the organized labour for restraint, understanding and patience as the country tackles numerous economic challenges.

 

He further assured nigerians that the federal government is working hard to better the situation.

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Burna Boy: Twice as Tall Nominated for 2021 Grammy Awards

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Burna Boy: Twice as Tall Nominated for 2021 Grammy Awards

The Nigeria Star Burna Boy  Twice as Tall Album has been nominated for the 2021 Grammy Awards

The Best Global Music Album Category is for albums that contain at least 51% playing time of new vocal or instrumental Global Music recordings.

Below are Burna Boy category:

54. Best Global Music Album

FU CHRONICLES

Antibalas

TWICE AS TALL

Burna Boy

 

AGORA

Bebel Gilberto

 

LOVE LETTERS

Anoushka Shankar

 

AMADJAR

Tinariwen

When are they going to give out the award ?

The 63rd GRAMMY Awards will happen on Sunday, Jan. 31, and over 80 categories have nominees listed in the award.

 Trevor Noah, from “The Daily Show,” is said to host the event, it has not been confirmed  was to the artists that will perform at the award.

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Other Nominees:

1. Record Of The Year

BLACK PARADE

Beyoncé

Beyoncé & Derek Dixie, producers; Stuart White, engineer/mixer; Colin Leonard, mastering engineer

COLORS

Black Pumas

Adrian Quesada, producer; Adrian Quesada, engineer/mixer; JJ Golden, mastering engineer

ROCKSTAR

DaBaby Featuring Roddy Ricch

SethinTheKitchen, producer; Derek “MixedByAli” Ali, Chris Dennis & Liz Robson, engineers/mixers; Susan Tabor, mastering engineer

SAY SO

Doja Cat

Tyson Trax, producer; Clint Gibbs, engineer/mixer; Mike Bozzi, mastering engineer

EVERYTHING I WANTED

Billie Eilish

Finneas O’Connell, producer; Rob Kinelski & Finneas O’Connell, engineers/mixers; John Greenham, mastering engineer

DON’T START NOW

Dua Lipa

Caroline Ailin & Ian Kirkpatrick, producers; Josh Gudwin, Drew Jurecka & Ian Kirkpatrick, engineers/mixers; Chris Gehringer, mastering engineer

CIRCLES

Post Malone

Louis Bell, Frank Dukes & Post Malone, producers; Louis Bell & Manny Marroquin, engineers/mixers; Mike Bozzi, mastering engineer

SAVAGE

Megan Thee Stallion Featuring Beyoncé

Beyoncé & J. White Did It, producers; Stuart White, engineer/mixer; Colin Leonard, mastering engineer

2. Album Of The Year

CHILOMBO

Jhené Aiko

Fisticuffs & Julian-Quán Việt Lê, producers; Fisticuffs, Julian-Quán Việt Lê, Zeke Mishanec, Christian Plata & Gregg Rominiecki, engineers/mixers; Jhené Aiko Efuru Chilombo, Julian-Quán Việt Lê, Maclean Robinson & Brian Keith Warfield, songwriters; Dave Kutch, mastering engineer

BLACK PUMAS (DELUXE EDITION)

Black Pumas

Jon Kaplan & Adrian Quesada, producers; Adrian Quesada, Jacob Sciba, Stuart Sikes & Erik Wofford, engineers/mixers; Eric Burton & Adrian Quesada, songwriters; JJ Golden, mastering engineer

EVERYDAY LIFE

Coldplay

Daniel Green, Bill Rahko & Rik Simpson, producers; Mark “Spike” Stent, engineer/mixer; Guy Berryman, Jonny Buckland, Will Champion & Chris Martin, songwriters; Emily Lazar, mastering engineer

DJESSE VOL.3

Jacob Collier

Jacob Collier, producer; Ben Bloomberg & Jacob Collier, engineers/mixers; Jacob Collier, songwriter; Chris Allgood & Emily Lazar, mastering engineers

WOMEN IN MUSIC PT. III

HAIM

Rostam Batmanglij, Danielle Haim & Ariel Rechtshaid, producers; Rostam Batmanglij, Jasmine Chen, John DeBold, Matt DiMona, Tom Elmhirst, Joey Messina-Doerning & Ariel Rechtshaid, engineers/mixers; Rostam Batmanglij, Alana Haim, Danielle Haim, Este Haim & Ariel Rechtshaid, songwriters; Emily Lazar, mastering engineer

FUTURE NOSTALGIA

Dua Lipa

Koz, producer; Josh Gudwin & Cameron Gower Poole, engineers/mixers; Clarence Coffee Jr. & Dua Lipa, songwriters; Chris Gehringer, mastering engineer

HOLLYWOOD’S BLEEDING

Post Malone

Louis Bell & Frank Dukes, producers; Louis Bell & Manny Marroquin, engineers/mixers; Louis Bell, Adam Feeney, Austin Post & Billy Walsh, songwriters; Mike Bozzi, mastering engineer

FOLKLORE

Taylor Swift

Jack Antonoff, Aaron Dessner & Taylor Swift, producers; Jack Antonoff, Aaron Dessner, Serban Ghenea, John Hanes, Jonathan Low & Laura Sisk, engineers/mixers; Aaron Dessner & Taylor Swift, songwriters; Randy Merrill, mastering engineer

3. Song Of The Year

BLACK PARADE

Denisia Andrews, Beyoncé, Stephen Bray, Shawn Carter, Brittany Coney, Derek James Dixie, Akil King, Kim “Kaydence” Krysiuk & Rickie “Caso” Tice, songwriters (Beyoncé)

THE BOX

Samuel Gloade & Rodrick Moore, songwriters (Roddy Ricch)

CARDIGAN

Aaron Dessner & Taylor Swift, songwriters (Taylor Swift)

CIRCLES

Louis Bell, Adam Feeney, Kaan Gunesberk, Austin Post & Billy Walsh, songwriters (Post Malone)

DON’T START NOW

Caroline Ailin, Ian Kirkpatrick, Dua Lipa & Emily Warren, songwriters (Dua Lipa)

EVERYTHING I WANTED

Billie Eilish O’Connell & Finneas O’Connell, songwriters (Billie Eilish)

I CAN’T BREATHE

Dernst Emile II, H.E.R. & Tiara Thomas, songwriters (H.E.R.)

IF THE WORLD WAS ENDING

Julia Michaels & JP Saxe, songwriters (JP Saxe Featuring Julia Michaels)

4. Best New Artist

INGRID ANDRESS

PHOEBE BRIDGERS

CHIKA

NOAH CYRUS

D SMOKE

DOJA CAT

KAYTRANADA

MEGAN THEE STALLION

POP

5. Best Pop Solo Performance

For new vocal or instrumental pop recordings. Singles or Tracks only.

YUMMY

Justin Bieber

SAY SO

Doja Cat

EVERYTHING I WANTED

Billie Eilish

DON’T START NOW

Dua Lipa

WATERMELON SUGAR

Harry Styles

CARDIGAN

Taylor Swift

6. Best Pop Duo/Group Performance

UN DIA (ONE DAY)

J Balvin, Dua Lipa, Bad Bunny & Tainy

INTENTIONS

Justin Bieber Featuring Quavo

DYNAMITE

BTS

RAIN ON ME

Lady Gaga with Ariana Grande

EXILE

Taylor Swift Featuring Bon Iver

7. Best Traditional Pop Vocal Album

BLUE UMBRELLA

(Burt Bacharach &) Daniel Tashian

TRUE LOVE: A CELEBRATION OF COLE PORTER

Harry Connick, Jr.

AMERICAN STANDARD

James Taylor

UNFOLLOW THE RULES

Rufus Wainwright

JUDY

Renée Zellweger

8. Best Pop Vocal Album

For albums containing at least 51% playing time of new pop vocal recordings.

CHANGES

Justin Bieber

CHROMATICA

Lady Gaga

FUTURE NOSTALGIA

Dua Lipa

FINE LINE

Harry Styles

FOLKLORE

Taylor Swift

DANCE/ELECTRONIC MUSIC

9. Best Dance Recording

ON MY MIND

Diplo & SIDEPIECE

Diplo & SIDEPIECE, producers; Luca Pretolesi, mixer

MY HIGH

Disclosure Featuring Aminé & Slowthai

Guy Lawrence & Howard Lawrence, producers; Guy Lawrence, mixer

THE DIFFERENCE

Flume Featuring Toro y Moi

Flume, producer; Eric J Dubowsky, mixer

BOTH OF US

Jayda G

Fred Again.. & Jayda G, producers; Fred Again.. & Jayda G, mixers

10%

Kaytranada Featuring Kali Uchis

Kaytranada, producer; Neal H. Pogue, mixer

10. Best Dance/Electronic Album

KICK I

Arca

PLANET’S MAD

Baauer

ENERGY

Disclosure

BUBBA

Kaytranada

GOOD FAITH

Madeon

CONTEMPORARY INSTRUMENTAL MUSIC

11. Best Contemporary Instrumental Album

AXIOM

Christian Scott Atunde Adjuah

CHRONOLOGY OF A DREAM: LIVE AT THE VILLAGE VANGUARD

Jon Batiste

TAKE THE STAIRS

Black Violin

AMERICANA

Grégoire Maret, Romain Collin & Bill Frisell

LIVE AT THE ROYAL ALBERT HALL

Snarky Puppy

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COVID-19 PREVENTION

infectious diseases in your community. It is very important to wash your hand frequently with soap under running water.

COVID-19 IS REAL

#COVID19NIGERIA Situation Report

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

@Africa CDC

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

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Gallant Officer
"Also found worthy of honour was Bashir Abubakar, an Asst Comptroller-General of Customs, who rejected a bribe of $412,000 per container offered him by drug traffickers seeking to bring 40 containers of Tramadol into Nigeria. A fine example of incorruptibility, worthy of emulation"

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