Tag Archives: Godwin Emefiele

The Central Bank of Nigeria (CBN) has unveiled a series of new operational guidelines for forex sales by Bureau de Change (BDC) operators in the country. This is coming more than two years after the suspended CBN governor, Godwin Emefiele, announced the suspension of foreign exchange sales to BDC operators …

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 …

With the immediate suspension of the Central Bank of Nigeria Governor, Godwin Emefiele, from office, his Deputy (Operations Directorate) Folashodun Adebisi Shonubi, has been announced to act in his capacity in the meantime. President Bola Tinubu, on Friday night suspended Emefiele. The suspension was announced in a statement issued by …

The Central Bank of Nigeria (CBN)  has proposed that the 2023 cash transfer scheme under the National Safety Net Programme Scale Up should deploy the eNaira as vehicle. This will further entrench the CBN’s cashless policy. The National Social Safety Net Programme Scale Up involves an $800m disbursement  and this will take …

Unless the Monetary Policy Committee (MPC) makes a U-turn on its aggressive monetary tightening, the Federal Government may pay as much as N4.65 trillion servicing its debt held by the Central Bank of Nigeria (CBN) this year. As at the end of last year when President Muhammadu Buhari sought the …

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 …

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 …

In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) on Friday released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales. A breakdown of the figure indicates that the sum of $230 million …

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, …

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says the investors and exporters (I&E) window attracted over $50 billion in investments to the country within three years. Emefiele revealed this at the opening of the regional course on exchange rate regimes and policies, organised by the West African Institute …