The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Wednesday announced plans by the Federal Government to put into circulation new Naira notes effective from December 15 this year as part of monetary policy measures to efficiently manage the currency. The apex bank governor disclosed that the redesigned new banknotes of […]
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that the Federal Government will disburse $120 million to international airlines plying the Nigerian routes next Monday, October 31, to partly offset their trapped funds in the country. The governor disclosed that the decision was taken at a meeting between the leadership of […]
Nigeria’s Central Bank Governor, Mr. Godwin Emefiele, (2nd Left Front Row) displaying his Africa Most Innovative Digital Transformation Governor of the Year Award by Foreign Investment Network (FIN), on the sidelines of the International Monetary Fund/World Bank Annual Meetings in Washington D.C, United States of America
…..says 45% Nigerian adults without bank accounts The Central Bank of Nigeria (CBN) yesterday unveiled the Unstructured Supplementary Service Data (USSD) code for the eNaira, the nation’s digital currency. The bank, in a tweet, assured that the code, *997#, would help deepen financial inclusion as all transactions can be accessed through the channel. The CBN […]
The Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee members on Tuesday voted to increase the monetary policy rate (MPR) or benchmark interest rate to 14% from 13% in its sustained efforts to tame the rising inflation rate in the county. The Governor of the CBN, Godwin Emefiele, gave this hint while addressing journalists at […]
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has stressed that interest of telecom services consumers be taken into consideration in the proposed tariff review now being canvassed by licensed operators in the industry. Danbatta, who gave the assurance while interacting with journalists at the […]
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed that the investors and exporters (I&E) window of the foreign exchange (forex) market attracted over $50 billion in investments to the country within three years. The I&E FX window is the market trading segment for investors, exporters and end-users that allows for […]
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday voted unanimously to raise the Monetary Policy Rate (MPR), the benchmark interest rate to 13% for the first time in nearly two and a half years. The MPR, which is the benchmark lending rate, had been left unchanged at 11.5% since September […]
“Godwin Emefiele could be aptly described as the “champion of food security” in Nigeria and a role model in good leadership deserving emulation by youths that share the vision that come what may, the ‘Nigerian project’ must not fail.”
The Central Bank of Nigeria (CBN) has disbursed N948 billion to 4,478,381 smallholder farmers as part of its sustained interventions in the agricultural sector to achieve food security in the country and make Nigeria a net exporter of commodities. The apex bank’s Governor, Mr. Godwin Emefiele, gave these figures on Monday while delivering the 25th […]