CBN Set to Establish Int'l Financial Centre at Eko Atlantic City Targets pool of global funds
Nume Ekeghe The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed plans by the apex bank to set up an International Financial Centre at the Eko Atlantic City
in Lagos to be operational in the second quarter of 2022. Emefiele explained that the facility is expected to serve as a hub for attracting domestic and external capital which is much-needed to strengthen the Nigerian economy post-
COVID-19. The CBN governor stated this in a keynote address he delivered at the 56th Chartered Institute of Bankers of Nigeria (CIBN) annual dinner held in Lagos at the weekend. “The International Finance
Centre when fully operational in the 2nd quarter of 2022, will help to position Nigeria as a key destination for investment in Africa,” Emefiele added. The CBN governor noted that a key challenge to supporting growth in key sectors of the
economy was access to large pools of cheap investment capital, adding that over $100 trillion was being held by institutional investors in Organisation for Economic Co-operation and Development (OECD) countries.
According to him, most of the funds were invested in low-yielding assets relative to high-yielding opportunities in Nigeria. Continued on page 8
Again, Police, PSC Set to Clash over Recruitment of 10,000 Constables... Page 5 Sunday 28 November, 2021 Vol 26. No 9729
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In a Tribute to De Klerk, Gusau Highlights Nigeria’s Role to End Apartheid Regime Says Thatcher asked Nigeria to ascertain S’African leader’s commitment to majority rule Ejiofor Alike A former National Security Adviser (NSA), Lieutenant
General Aliyu Mohammed Gusau (rtd), has highlighted Nigeria’s role to end the apartheid regime in South
Africa. In a tribute to the former President of South Africa, the late Frederik Willem de
Klerk, which was obtained by THISDAY, Gusau disclosed that the then British Prime Minister, Mrs. Margaret Thatcher, had
specifically asked the former military President, General Ibrahim Babangida to ascertain the commitment of De Klerk
to majority rule. De Klerk, who was the last Continued on page 5
New COVID-19 Strain: Concerns Mount over Planned Visit of Ramaphosa to Nigeria 27 EU countries, US, six others ban flights from Southern African countries Ejiofor Alike Following the outbreak of a new strain of COVID-19 in South Africa and the travel restrictions imposed on Southern African
countries by several countries, concerns have been raised over the proposed visit of the South African President, Cyril Ramaphosa, to Nigeria. Barring any last-minute
change, President Muhammadu Buhari is expected to receive Ramaphosa and other top government functionaries of his administration, who are scheduled to undertake a three-
day visit to Nigeria between November 29 and December 1. South Africa’s National Institute for Communicable Diseases had revealed that there were 22 positive cases
linked to the new strain of COVID-19, adding that the percentage testing positive was “increasing quickly”. The World Health Organisation (WHO) had
declared the strain identified as B.1.1.529 as a “variant of concern” and named it “Omicron.” Continued on page 66
CONDOLENCE VISIT… L-R: Children of the deceased, Mrs. Somto Akunyili-Asuzu; Ms. Ijeoma Akunyili; Mr. Obumneme Akunyili; former Governor of Anambra State, Mr. Peter Obi; deceased's daughter in-law, Mrs. Ogochukwu Aguluka-Akunyili; daughter of the deceased, Mrs Njideka Akunyili-Crosby; and deceased's daughter in-law, Mrs. Ogochukwu Madueke-Akunyili; when the former governor paid the family condolence visit a day after the burial of their father, Dr. Chike John Akunyili, at their residence in Agulu, Anambra State...weekend
Abdulsalami: Africa Must Stop Using Force to Maintain Peace...
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