The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 14 per cent to 15.5 per cent on Tuesday to tame inflation. The committee had increased the MPR by a total of 250 basis points at its last two...
CBN Governor
In recent decades, Nigeria’s economy can best be described as mono-cultural as it is largely run from foreign exchange from the oil sector. However, this source of income has become unpredictable due to a number of reason that disrupt the market. Some of these factors include conflicts in oil...
In the face of rising demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has advised Nigerians to resist the urge of succumbing to the speculative activities of some players in the foreign exchange market. Speaking with newsmen in Abuja on...
The Central Bank Governor, Mr. Godwin Emefiele will on July 21 inaugurate the multimillion naira Unilorin GgMAX Integrated Poultry Farm. The News Agency of Nigeria (NAN) reports that the farm is located at Amoyo in Ifelodun Local Government Area of Kwara. Prof. Mikhail Buhari, the Chairman of the Farm...
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that the Monetary Policy Committee will chart a new course for an improved monetary policy and Central Bank of Nigeria (CBN) that will provide direction for monetary policy in Nigeria. The governor said this at a Monetary...
Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), on Monday, withdrew the suit he filed against the Independent National Electoral Commission (INEC) and the Attorney-General of the Federation over his presidential ambition. Emefiele, through his counsel, S.T. Maliki, told Justice Ahmed Mohammed that a notice of discontinuance had...
The Central Bank of Nigeria has come under criticism over its inability to publish its annual reports detailing operations and financial obligations since 2018. According to Premium Times, checks showed that since 2005 when the Bankers Bank started publishing details of its annual report on its website, it has...
Femi Gbajabiamila, the speaker of the House of Representatives, on Monday, walked out Kingsley Obiora, the representative of Godwin Emefiele, the CBN Governor in a meeting. Emefiele had shunned the invitation of the leadership of the House over the crisis in the aviation sector. Instead, the CBN governor sent...
The Central Bank of Nigeria Governor, Mr Godwin Emefiele’s alleged involvement in politics on Sunday attracted more strong condemnations, with senior lawyers and other eminent Nigerians calling for his immediate resignation. Senior lawyers and top politicians, who spoke separately to The PUNCH, stated that Emefiele’s continuous stay as the...
The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, has dispelled widespread rumours that he would be contesting for office of the president in the 2023 general elections . This is coming on the heels of widespread, diverse reactions to his purported purchase of the All...
By EZEKIEL OBI, Abuja – A pressure group, Unified Northern Nigeria Youth Forum, has called on the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to join the 2023 presidential race. Mr Aliyu Sani, the group’s spokesperson, made the call when he briefed newsmen on Friday in...
President Muhammadu Buhari has attributed Nigeria’s rising prominence as Africa’s fertiliser powerhouse to the implementation of the right policies by the present administration. The president made this known while receiving the Executive Committee of Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) at the State House, Abuja on Tuesday....
By BENJAMIN ORISEMEKE, Abuja – Africa Finance Corporation (AFC) has invested a total of $10 billion in projects across 35 African countries since its inception in the last 15 years. The Corporation invested in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural...
The Central Bank of Nigeria (CBN) says it has disbursed over N1.3 trillion to support the provision power supply to Nigerians in the last five years. The CBN Governor, Mr Godwin Emefiele, made the remark at a news conference following a meeting of the Bankers Committee in Abuja on...
The Queens of the Niger Delta, a Non Governmental organisation (NGO) has honoured the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, with an award- Giant Stride Award. Mr Gideon Whites, the Manager of the NGO, presented the award at a ceremony in Abuja, saying that Emefiele...