By BENJAMIN ORISEMEKE, Abuja – Banks in Nigeria have stepped up measures to ration foreign currency sales to its customers, using their naira debit cards for overseas withdrawals to beef up Nigeria’s dwindling forex inflow. Nigeria’s largest DMB by market size, Zenith Bank Plc, has announced a review of...
Godwin Emefiele
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...
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has expressed satisfaction with the current high level of interest in the agricultural sector of Nigeria and the tremendous impact made across various value chains in the sector within the past six years. Emefiele, while addressing journalists during an...
Some experts on Tuesday said the Central Bank of Nigeria (CBN) must take proactive steps to make its RT200 FX programme achieve the desired results. The experts made the suggestions in separate interviews with the News Agency of Nigeria (NAN) in Lagos. Akpan Ekpo, a professor of Economics and...
Central Banks across the world have the mandate to control the circulation and supply of currencies, and the Central Bank of Nigeria (CBN) is not an exception. But the phenomenal rise in popularity of all forms of digital currencies, like crypto in recent times posed a threat to that...
The Central Bank of Nigeria on Thursday kicked against plans by the Senate to enact a new anti-money laundering law. The apex bank put forward this position during a public hearing by a Senate Joint Committee – anti-corruption, financial crimes, judiciary and human rights – on three different anti-corruption...
Ideas Nigeria Movement (INM), a body made up of Nigerians driven by the tripodal values of Nationalism, Innovation and a quest to build Capacity in leadership has outlined several factors why it is pushing for Mr. Godwin Emefiele, Governor Central Bank of Nigeria, CBN, to succeed President Muhammadu Buhari in...
The Central Bank of Nigeria has announced that it would stop the sale of foreign exchange to banks by the end of the year. CBN Governor, Godwin Emefiele, said the banks must begin to source their forex from export proceeds. “The era is coming to an end when, because...
The North-South Economists’ Forum (NSEF), a focus group of development economists, has warned propagandists and information hawkers feasting on a phoney ‘Emefiele for President’ campaign not to drag the Central Bank of Nigeria, CBN, governor into the murky water of partisan politics. Recently, some online news platforms flew a...
Mr Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) has urged rice mills in the country to embrace CBN’s backward integration initiatives aimed at conserving foreign exchange reserves. Information obtained from CBN’s website indicates that Emefiele made the call on Tuesday, during the inauguration of Garewa...
The Central Bank of Nigeria (CBN) on Monday gave out N23.2 billion in loans to 28 beneficiaries, as it inaugurated its new “100 for 100” Policy on Production and Productivity (PPP). The News Agency of Nigeria (NAN) reports that the PPP was initiated by the apex bank to encourage...
President Muhammadu Buhari, on Tuesday commended the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for boosting food production and supporting the Federal Government ‘s food security initiatives through the Anchor Borrowers’ Programme (ABP). Buhari gave the commendation while unveiling the mega rice pyramids initiative of...
The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn, from the N11.67tn recorded in the corresponding period of last year. The Financial Markets Department of the Central Bank of Nigeria disclosed this in its half-year activity report for...
The Central Bank of Nigeria (CBN) and the Maize Association of Nigeria (MAAN) have begun a collaboration to aggregate maize under the Anchor Borrowers Programme (ABP) of the federal government for the 2021 wet season. The News Agency of Nigeria (NAN) reports that the maize farmers also inaugurated the...
The South East Amalgamated Markets Traders Association (SEAMATA), has sent a “Save Our Souls (SOS)” signal to the Central Bank of Nigeria (CBN) over multiple and indiscriminate charges and deductions on customers by commercial banks. SEAMATA is the umbrella association of traders in all the markets in the South...
The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed. The reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29. The CBN also disclosed that at the present level, the external reserves could meet the...
As a way of tackling the problem of growing youth unemployment in Nigeria, the Central Bank of Nigeria (CBN) on has launched the Tertiary Institutions Entrepreneurship Scheme (TIES) in Abuja. The apex bank also presented cheques of N5million each to six pioneer beneficiaries of the scheme to help boost...
By JOY ADARA, Abuja- The Central Bank of Nigeria (CBN) has called on the Federal Government to prioritise investment in infrastructure to improve the country’s business environment and boost economic growth. The CBN Governor, Mr. Mr Godwin Emefiele, made the call on Tuesday night in Abuja while reading the...
Senate President Ahmad Lawan has disclosed that the National Assembly will pass the 2022 Appropriation Bill before Christmas. Lawan made the disclosure on Friday night, while receiving the New Telegraph’s Lifetime Achievement Award in Politics, alongside other Nigerians who had distinguished themselves in public service and the private sector....
Ezekiel Tiri on Saturday emerged champion of the 2021 CBN Governor’s golf Cup after finishing as the overall best nett winner of the one-day tournament in Abuja. The News Agency of Nigeria (NAN) reports that playing off handicap 18 and recording a gross score of 87, Tiri returned an...