An economist, Prof. Hassan Oaikhenan, has advised the Federal Government to consider a seasoned policy-oriented economist as the next Governor for the Central Bank of Nigeria (CBN), following the suspension of Godwin Emefiele. Oaikhenan gave the advice in a telephone interview with the News Agency of Nigeria (NAN) on...
Godwin Emefiele
A financial expert, Mr Okechukwu Unegbu, says the suspension of erstwhile governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, is a step in the right direction. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN) said this in an interview with the...
Dr Muda Yusuf, Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), says the suspension of Mr Godwin Emefiele as the CBN Governor is not a surprise. Yusuf in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos, said the suspension showed that “President...
A financial expert, Prof. Uche Uwaleke, says the suspension of the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele was long foretold. Uwaleke, a Professor of Finance and Capital Market at the Nasarawa State University, Keffi, said this in an interview with the News Agency of ...
By DAVID IORJA, Abuja – President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. The Secretary to the Government of the Federation (SGF), Sen. George Akume, made this known in a statement on Friday in Abuja. According to the...
A Federal High Court, Abuja, on Tuesday, ordered Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), to appear before it on July 19 over a 53 million dollar-judgment debt arising from the Pars Club refund. Justice Inyang Ekwo, who gave the order during the hearing of a suit...
The Central Bank of Nigeria (CBN), on Tuesday, revoked the operating licenses of 132 microfinance banks and those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on Tuesday....
The Central Bank of Nigeria (CBN) has said that the newly inaugurated Dangote Petroleum Refinery and Petrochemicals will help Nigeria generate more power for its electricity sector. Speaking today at the inauguration in Lagos State, Governor of the apex bank, Mr Godwin Emefiele, said the Dangote Refinery is expected...
The Senate, on Wednesday, urged the Central Bank of Nigeria (CBN) to release 717, 478, 606 dollars airlines funds trapped in the country. The upper chamber also called on the CBN to allocate 25 million dollars to airlines operating in Nigeria at its forth-nightly dollar auction. These resolutions were...
Ideas Nigeria Movement (INM), a leadership-focus group has lambasted Governor Bello Matawalle of Zamfara for asking President Muhammadu Buhari to cancel the study leave purportedly granted to the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele. Matawalle had in a statement on Monday, said that Emefiele does not...
The Central Bank of Nigeria (CBN), on Monday unveiled an e-learning platform, SabiMONI, to promote financial literacy and to deepen financial inclusion. Speaking at the ceremony, the CBN Governor, Mr Godwin Emefiele, said that the platform was a fully digital national e-learning platform that provided a knowledge base for...
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said that export proceed repatriation into the country increased by 40 per cent from three billion dollars in 2021 to 5.6 billion dollars at the end of 2022. Emefiele said this at the Bi-annual RT200 Non-Oil Export Summit...
A financial expert, Prof. Uche Uwaleke, says the Ways and Means Advances of the Central Bank of Nigeria (CBN) to the Federal Government is strictly within the purview of the apex bank. Uwaleke, a Professor of Capital Market at the Nasarawa State University, Keffi said this in an interview...
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) says it has no plans to phase out the redesigned Naira notes from circulation. CBN’s Acting Director, Corporate Communications Department, Isa AbdulMumin, made this known in a statement in Abuja on Sunday. The statement was a reaction to...
Mrs Mary Fasheitan, the Special Assistant on Payment to the Governor of the Central Bank, says that usage of the digital naira called eNaira currency, will address the scarcity of cash in the country. Fasheitan stated this while sensitising traders and people of the state in Akure to the...
In compliance with the Central Bank of Nigeria’s (CBN) directive, most Deposit Money Banks (DMB) branches in Kubwa opened for operations on Saturday. Checks by the News Agency of Nigeria (NAN) saw huge crowd of customers, with bank officials making efforts to meet their cash needs. The banks were,...
By EZEKIEL OBI, Abuja – The Central Bank of Nigeria (CBN), has confirmed the evacuation of banknotes from its vaults to commercial banks across the country. This is contained in a statement issued by Dr Isa AbdulMumin, the Acting Director, Corporate Communications of the CBN. He said the move...
The Association of Northern Agricultural and Allied Commodities Practitioners (ANAACOP) and Central Bank of Nigeria (CBN) has inaugurated farmers programmable money agro e-Naira engagement. The News Agency of Nigeria (NAN) reports that the programme is targeting one million farmers in Northeastern states in 2023 farming season. Mr Godwin Emefiele,...
The Central Bank of Nigeria (CBN), has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read the communique issued at the end of the 290th...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has increased the Monetary Policy Rate (MPR) to 18 per cent from 17.5 per cent. The CBN Governor, Mr Godwin Emefiele said this on Tuesday when he read the communique issued at the end of the 290th...