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Tag: Godwin Emefiele

News

CBN’s problem is not Emefiele, says Obi

The Presidential Candidate of the Labour Party, Peter Obi, has stated that the problem of the Central Bank of Nigeria is not with its president, Godwin Emefiele. Obi, while speaking at the Chatham House in London on Monday stated that if elected as the president of Nigeria in the 2023 presidential election, he will ensure […]

News

Emefiele: Our stance won’t be compromised, vows SSS

The State Security Service has vowed not to compromise its stance on enforcing good economic policies in support of the President, Major General Muhammadu Buhari’s (Ret’d.) regime.   The SSS disclosed this in a statement by its spokesperson, Peter Afunaya, in response to protests against its plan to detain the Central Bank Governor, Godwin Emefiele, […]

Banking

VIDEO: Nigerian banks dispense new naira notes

Commercial banks have started dispensing the newly redesigned naira notes to over-the-counter customers.   Channels Television, on Thursday, reported that some banks in major cities across the country have begun dispensing the new notes to customers over the counter. The Governor of the Central Bank of Nigeria, Godwin Emefiele, had on October 26, said the […]

News

Suspend new cash withdrawal limit, Reps order CBN

  The House of Representatives has directed the Central Bank of Nigeria, to stop the January 9, 2023, implementation of the new cash withdrawal policy. This is based on a motion of urgent public importance moved by a member of the House, Aliyu Magaji, at the plenary on Thursday. Recall that the apex bank had […]

Emefiele orders banks to dispense old naira notes - Soludo
Economy

Inflation: CBN raises interest rate to 16.5%

The Monetary Policy Committee of the Central Bank of Nigeria have voted to increase the benchmark interest rate by 100 basis points to 16.5 per cent, the highest since 2001.   The CBN Governor, Godwin Emefiele, disclosed this while reading the communique of the last MPC meeting of the year on Tuesday.   The MPC […]

Appeal Court overturns Emefiele’s asset forfeiture order
Banking

CBN to introduce new laws against financial system threats

The governor of the Central Bank of Nigeria, Godwin Emefiele, has stated that the apex bank will create a set of new and revised laws, rules, and regulations to tackle threats against the financial service system. These development, he said, would address potential violations, change the incentives for the private sector, and restructure the market […]

Banking Economy

CBN’s plan to redesign naira purely political- Obaseki

Edo State Governor, Godwin Obaseki, has criticized the plan to redesign naira notes, asserting that it is solely a political initiative without any economic justification. He made the statement while while launching the Edo PDP Women Campaign Council at the Presidential Campaign Secretariat in Benin City the state capital. They say we should all bring […]

100% cashless economy possible in Nigeria - Emefiele
Economy

CBN raises interest rate to 13%

The Central Bank of Nigeria on Tuesday announced that it has raised the interest rate to 13 per cent. CBN Governor, Godwin Emefiele, made this known while addressing the reporters after the Monetary Policy Committee meeting in Abuja. Justifying the move, Emefiele said the MPC is suspicious “there might be an aggressive accretion of inflation”. […]

100% cashless economy possible in Nigeria - Emefiele
Banking

Why CBN can’t float exchange rate –Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that despite calls and recommendations by the International Monetary Fund, the World Bank and other global financial institutions, Nigeria cannot afford to operate a floated exchange rate system. Emefiele made this known at the IMF/World Bank Spring Meetings in Washington DC, United States. […]

100% cashless economy possible in Nigeria - Emefiele
Oil and Gas

Dangote Refinery’ll reduce import bill by 40% – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, says Dangote Refinery will reduce Nigeria’s import bill on petroleum products and other commodities by 40 per cent. He said this during an interview at the International Monetary Fund meeting in Washington Dc, United States on Thursday. Emefiele said, “With Dangote Refinery coming up with […]

100% cashless economy possible in Nigeria - Emefiele
Economy News

External reserves return to growth path, gain $243.83m

Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of Nigeria. The CBN revealed in its data on movement in reserves that the value rose from $39.54bn as of April 1, 2022 to $39.78bn as of April 19, 2022. The external reserves fell by $313m in March, […]

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