Tag Archives: Godwin Emefiele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele says the apex bank has disbursed N1.48 trillion to beneficiaries of its agricultural programmes. While giving a detailed progress report of the CBN’s intervention activities at the end of the two-day meeting of the monetary policy committee (MPC), he …

As part of its agenda to strengthen the manufacturing sector, Central Bank of Nigeria (CBN) has tasked multinational manufacturing companies in the country to consider setting up their manufacturing lines in Nigeria just as P&G has set the pace. Godwin Emefiele, the CBN Governor made this statement during the contract …

Central Bank of Nigeria (CBN) has introduced a rebate of N5 for every $1 remitted to Nigeria through licensed International Money Transfer Organisations (IMTOs). This rebate will be paid into the bank accounts of beneficiaries, following receipt of remittance inflows.   CBN governor, Godwin Emefiele, who disclosed this at virtual …

The Bankers’ Committee led by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Sunday signed a Memorandum of Understanding (MOU) with the Federal Government for the handover of the National Arts Theatre, Iganmu, Lagos. In July 2020, the federal government handed over the National Theatre to the …

The Central Bank of Nigeria (CBN) has increased the Targeted Credit Facility (TCF) to N300 billion. The facility, which is meant for households and small and medium enterprises affected by the COVID-19 pandemic, was N150 billion. The expansion of the credit line, the apex bank said, is to enable it …

A London Commercial court has ordered the release of the $200 million guarantee put in place as security for the stay of execution granted Nigeria in the case between the country and Process and Industrial Development Limited (P&ID). Central Bank of Nigeria announced this yesterday, noting its foreign reserves have …

…CBN Disburses N3.5trn For Covid-19 Intervention The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday reduced interest rate to 11.5 per cent from 12.50 per cent in an effort to sustain economic recovery with the increasing inflation rate. The 11.5 per cent interest rate is …

The Central Bank of Nigeria (CBN) has disclosed that banks credit to private sector dropped by 0.15 per cent to N291.trillion in June from N29.22trillion in May 2020. Credit to private sector continued to increase as banks’ lending to the real sector amid the directive of CBN on 65 per …

Nigeria has for the first time refined its own gold and purchased the refined product into a new gold reserve. President Muhammadu Buhari launched Nigeria’s first artisanally- mined gold. On Thursday, the Central Bank of Nigeria (CBN) presented a cheque of N268 million for the country’s first artisanally-mined and refined 12.5kg bar …

Central Bank of Nigeria (CBN) has said it would not be deterred in its effort to steer the Nigerian economy away from the looming recession due to the impact of COVID-19. It said this was in spite of the push by some vested interests to impugn the integrity of the …