Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) on Saturday said that the Federal Government needed about US$100 billion annually to address the nation’s infrastructure deficit. Emefiele made the disclosure at the 30th Anniversary Conference and Awards of the Finance Correspondents Association of Nigeria (FICAN) on Saturday at Dover Hotel, Ikeja, Lagos. The … Read more
“Some big boys and Emefiele were at Montego Bay City, Jamaica, last weekend to celebrate his 60th birthday. They flew there quietly with their private jets. The party was organised and held in secret to keep it away from prying eyes,” a source stated. Prominent figures in the Nigeria’s banking and finance industry, as well … Read more
“The MPC made the decision to hold all parameters constant.” EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has announced the stoppage of forex sales to the Bureau De Change operators in the country with immediate effect. The CBN Governor, Godwin Emefiele, made the declaration after the Monetary Policy Committee (MPC) two-day … Read more
“If you want an economy to grow, the level of insecurity must be low” Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the country is expecting 12 fighter jets to help address insecurity. Emefiele, while speaking on Tuesday at a monetary policy committee meeting in Abuja, expressed concern over the negative effects … Read more
The Minister of Finance should immediately be relieved of her position The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to dismiss Zainab Ahmed, minister of finance, for failing the test of full disclosure over contentious money printing issue. The main opposition party accused the minister of “attempting to mislead Nigerians” over allegations … Read more
CBN gave support loans to states when the country was hit with a recession in 2016 – Emefiele Godwin Emefiele, Governor of the Central Bank of Nigeria, says the country is in an unfortunate situation under President Muhammadu Buhari’s administration. Emefiele said high unemployment rate, double digits inflation and rising debt profile have left the … Read more
The Senate Public Accounts Committee has given the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, up till Thursday, to appear before it over an alleged disappearance of $9.5m interest which accrued to the Federation Account from Petroleum Profit Tax Investment. The SPAC, which is currently scrutinising the reports of the AuGF, alleged … Read more
Governor of the Central Bank of Nigeria, Godwin Emefiele, says the price per bag of rice has reduced compared to the price it was sold last year during the COVID-19 lockdown in April 2020. He attributed the fall in price per 50kg bag of rice to the various intervention programmes of the apex bank. CBN … Read more
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the new diaspora policy — “Naira 4 Dollar Scheme” — will make remittance transfer cheaper for Nigerians in the diaspora. Emefiele said this during Fidelity Bank’s inaugural diaspora webinar on Saturday. The apex bank had announced that all recipients of diaspora remittances through CBN-licensed … Read more
The Federal Government (FG) has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira. According to the government, the latest move is part of measures adopted to strengthen the currency and by extension the nation’s economy. The Federal Government (FG) has concluded plans to sell crude oil to the $15 … Read more
Godwin Emefiele, governor of the Central Bank of Nigeria, says the country must find other ways to generate revenue aside from crude oil. Speaking at the prize presentation ceremony of the 2020 CBN Governor’s Golf Cup tournament on Saturday, Emefiele said the country must end it reliance on oil as source of foreign exchange According … Read more
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigeria will not stay in recession for a long time as ‘recovery is in sight’ The apex bank helmsman made this known at the 55th Chartered Institute of Bankers of Nigeria (CIBN) dinner in Lagos, on Friday. The CBN governor allays the fears of … Read more
SaharaReporters has uncovered flight information on how Central Bank of Nigeria Governor, Godwin Emefiele, used a private jet to fly his wife and children to the United Kingdom despite the lockdown restriction on the airspace. The Nigerian Government had announced that only essential travels will be permitted by air across the country but flight manifest … Read more
Lagos State Governor, Babajide Sanwo-Olu has tested negative for Coronavirus. Announcing the news via his verified Twitter handle @jidesanwoolu, the governor said it is important he gets tested to ensure that nothing distracts him from leading Lagos in a period like this. His family members and aides have eluded the virus as well. “As a … Read more
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), on Saturday emphasised the need to strengthen efforts over the coming years to stimulate growth and create jobs in critical sectors to insulate the economy from global shocks. Emefiele said this while giving a welcome address at a consultative roundtable titled, “Going for Growth” … Read more
Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, has begun his second tenure, following the confirmation of his re-appointment by the Senate on May 16. According to a statement by the Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau. … Read more