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Tag Archives: Godwin Emefiele

President Tinubu Suspends CBN Governor, Godwin Emefiele

President Tinubu Suspends CBN Governor, Godwin Emefiele

President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele from office with immediate effect. According to a terse statement by Willie Bassey Director, Information Office of the Secretary to the Government of the Federation on Friday night, it is sequel to the ongoing …

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CBN Raises Interest Rate to 17.5%

CBN Raises Interest Rate to 17.5%

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué of the end of the two-day MPC meeting, the first of …

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National Assembly to Finalize N22.7 Trillion Debt Restructuring

National Assembly to Finalize N22.7 Trillion Debt Restructuring

The Senate is prepared to adopt the N23.7 trillion debt restructuring proposal made by President Muhammadu Buhari in December of last year, according to Senate President Ahmad Lawan. The Senate also accused the Minister of Finance, Zainab Ahmed, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, of …

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Capital Importation Drops by 82% to $1.57 Billion

Capital Importation Drops by 82% to $1.57 Billion

Capital importation into Nigeria has fallen by 81.46 per cent ($6.91bn) from $8.49bn in the first quarter of 2019 to $1.57bn in the corresponding quarter of 2022, according to data from the National Bureau of Statistics. Based on the NBS’s ‘Nigerian Capital Importation’ reports for the first quarters of 2019, …

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