Governor of Central Bank of Nigeria

Emefiele: Naira Depreciates Amid CBN’s Governor Suspension

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Naira depreciates

Naira depreciates further against the dollar at N472.50. Governor of Central Bank of Nigeria, Godwin Emefiele, suspended; Deputy Governor (Operations Directorate) appointed as acting governor. $77.42 million traded at Investors and Exporters window. EKO HOT BLOG reports that Naira on Friday depreciated further against the dollar at the Investors and Exporters window, exchanging N472.50 to … Read more

CBN Launches Nigerian Domestic Card, Bans Dollar Charges On National Transactions

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The CBN has launched the Nigerian Domestic Card and banned dollar charges on transactions within the country. Launching the card virtually, Emefiele said: “all domestic transactions that are that are going to be conducted in Nigeria will have to be through the Nigerian domestic cards.” Noting that the domestic card scheme avails the country “the … Read more

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