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Tag: Godwin Emefiele

Naira redesign: Emefiele apologies for failed cashless policy
News

Naira redesign: Emefiele apologies for failed cashless policy

    The Governor of the Central Bank of Nigeria, Godwin Emefiele, has apologized for the failed electronic banking transactions which many Nigerians have been subjected to in recent months. According to Channels, Emefiele during a two-day monetary policy committee meeting in Abuja on Tuesday, promised Nigerians that the issues regarding electronic transactions will soon […]

Emefiele orders banks to dispense old naira notes - Soludo
featured

Emefiele orders banks to dispense old naira notes – Soludo

By Christian George The Central Bank of Nigeria has mandated commercial banks to dispense and accept deposits of old N500 and N1000 naira notes. This was made known by the governor of Anambra State, Prof Charles Soludo on Monday via his social media handle. The former CBN governor said commercial banks are to dispense and […]

Old naira: Feb 10 deadline stands, says Emefiele
News

Old naira: Feb 10 deadline stands, says Emefiele

    The Governor of the Central Bank of Nigeria, Godwin Emefiele, has stated that the February 10 deadline for the old naira stands. According to Daily Trust, he stated this while briefing the diplomatic community at the Ministry of Foreign Affairs in Abuja on Tuesday. “The situation is substantially calming down since the commencement […]

Why CBN won't print naira again - Budget minister
Banking

Naira crisis: CBN to fine banks hoarding new notes

The Central Bank of Nigeria may levy fines of N5 million on banks holding fresh notes and N50,000 against individuals selling them. According to Punch, this was based on the Banks and Other Financial Institutions Act of 2020 as well as the Central Bank of Nigeria Act of 2007. In accordance with the Banks and […]

News

Old naira: Court bars Buhari, Emefiele from extending deadline

    Wilson Adekumola   An High Court of the Federal Capital Territory Monday, issued a restraining order on President Muhammadu Buhari, the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele and 27 commercial banks from suspending the demonization policy of the federal government. The High Court Judge, Justice Eneojo Eneche made the order while […]

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Old naira deposit to continue after deadline – Emefiele

    The Central Bank of Nigeria Governor, Godwin Emefiele, on Tuesday disclosed that commercial banks will continue to accept the deposit of old naira notes after the expiration of the February 17 deadline. He stated this while appearing before the House of Representatives committee on the new naira redesign and naira swap policy. He […]

Emefiele orders banks to dispense old naira notes - Soludo
News

Naira redesign: Reps to issue Emefiele’s arrest warrant Tuesday

Following a unanimous agreement amongst members, the Speaker of the House of Representatives, Femi Gbajabiamila, is expected to sign the warrant of arrest against the Governor of Central Bank of Nigeria, Godwin Emefiele, during plenary on Tuesday.   Recall that, the Chairman of the Committee and the Majority Leader of the House, Alhassan Ado Doguwa, […]

Appeal Court overturns Emefiele’s asset forfeiture order
Economy

New naira: No reason to shift Jan 31 deadline, says CBN

Oluwanifemi Ojo   The governor of Central Bank of Nigeria has again stated that the deadline for phasing out the old note remains January 31.   This was said in a video from the just concluded Monetary Policy Committee held on Saturday. The video was posted on the verified Twitter page of CBN stating that […]

News

CBN gov Emefiele visits Buhari at state house

  The Central Bank of Nigeria Governor, Godwin Emefiele, on Thursday visited the President, Major General Muhammadu Buhari (retd.), at the State House, Abuja. The visit is considered the second of the governor of Nigeria’s apex financial institution since he returned to Nigeria following on January 12, 2022. The embattled CBN head was a member […]

100% cashless economy possible in Nigeria - Emefiele
News

Emefiele back to CBN HQ after police saga

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, is in his office and going about his business, the apex bank has said. This CBN said this in response to online reports that heavy police presence was observed at his residence in Maitama, Abuja on Tuesday night. The spokesperson for the apex bank, Mr […]

Appeal Court overturns Emefiele’s asset forfeiture order
News

Police storm Emefiele’s Abuja residence

Oluwanifemi Ojo Operatives of the Nigeria Police Force reportedly stormed the Abuja residence of the Central Bank Governor, Godwin Emefiele, The PUNCH reported. AMBusiness reports that this is coming about 24 hours after the operatives of the Department of State Services stormed the CBN governor’s office, following his return to the country on Monday after […]

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