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Cashless Policy: No going back on bank withdrawal limits – Emefiele

Ihesiulo Grace 9 December 2022 0

.Says CBN to slightly review amounts .HoR summons Emefiele, wants CBN to suspend policy By Ukpono Ukpong and Tom Okpe The Governor, Central Bank of Nigeria, Godwin Emefiele, has said that there is no going back on the cashless policy introduced by the bank. Emefiele stated this yesterday when

Politics

PDP demands Emefiele’s resignation, investigation over alleged fraud

Ihesiulo Grace 23 September 2021 0

The Peoples Democratic Party (PDP) on Thursday demanded the immediate resignation and prosecution of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, going by allegations by the All Progressives Congress (APC) that he superintended over massive looting of funds in the apex bank. The party made the call in a statement by […]

News

Buhari told to sack Godwin Emefiele as CBN Gov

Ihesiulo Grace 20 September 2021 0

President Muhammadu Buhari, has been urged to sack Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN. Deji Adeyanju, popular human rights activist, said Emefiele was destroying Nigeria’s economy. Adeyanju claimed that the CBN governor was destroying Nigeria’s economy through his bad monetary policies. In a tweet, the convener of Concerned Nigerians lamented the

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Banks refunded over N89bn to customers in June – CBN Gov

Ihesiulo Grace 6 August 2021 0

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday, disclosed that at the end of June 2021, commercial banks in Nigeria refunded N89.2 billion to customers over complaints. The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday, disclosed that at the end of June 2021, commercial banks […]

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Emefiele@60: Expert extols CBN governor’s virtues, economic drive

Ihesiulo Grace 5 August 2021 0

Motolani Oseni A renowned financial expert and the Managing Consultant, BIC Consultancy Services, Dr Boniface Chizea, has extolled the good qualities of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, for his persistent commitment to the economic growth and development of Nigeria’s economy. In his tribute to the hard-working CBN governor, […]

News

Emefiele urge Nigerian youths to embrace agriculture

Ihesiulo Grace 6 May 2021 0

…vows to resist importation of maize in Nigeria PHILIP CLEMENT, ABUJA The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged youths in Nigeria to embrace agriculture, declaring the Bank’s readiness to support youths that are willing to engage in agriculture. This is even as the Governor reiterated the Bank’s opposition to the […]

News Politics

Cryptocurrency: Senate invites CBN Gov, DG SEC to explain opportunities, threat to economy

Ihesiulo Grace 12 February 2021 0

Tunde Opalana and Kamarudeen Ogundele, Abuja The Senate on Thursday summoned the Governor of the Central Bank of Nigeria (CBN), Dr Godwin Emefiele and Director General of Securities and Exchange Commission (SEC), Lamido Yuguda, over the ban on cryptocurrency. The CBN while explaining why it banned cryptocurrency-related transactions in the country, had claimed the digital

News

NNPC boss, Emefiele, summoned by reps over unremitted N3.2tn, others

Ihesiulo Grace 16 November 2020 0

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele have been summoned by the House of Representatives over non-remittance of $19.25bn (approximately N3.24tn) revenue that accrued from sales of crude oil in 2014. Chairman of the House Committee on Public […]

News

Nigeria-China FX swap deal hits CNY1.45bn in two years

Ihesiulo Grace 9 November 2020 0

By Motolani Oseni The currency swap conducted between Nigeria and the People’s Bank of China (PBoC) in the last two years, now stood at CNY1.45billion, the Central Bank of Nigeria (CBN) has revealed. The Bi-lateral Currency Swap Agreement (BCSA) with the PBoC, the fortnightly auction of Chinese Yuan via the Retail SMIS window was sustained […]

News

CBN reduces MPR to 11.5% from 12.5%

Ihesiulo Grace 22 September 2020 0

By Philip Clement, Abuja The Monetary Policy Committee of the Cemtral Bank has reduced Monetary Policy Rates (MPR) by 100 basis points from  12.5% to 11.5% . READ ALSO: CBN probes 71 companies for suspected forex deals CBN governor, Godwin Emiefele made this known while addressing the media on the outcome of the two day […]

Politics

Insubordination: We are reporting Emefiele, Kyari, others to Buhari – Reps

Ihesiulo Grace 5 August 2020 0

The House of Representatives has said that a petition will be sent to President Muhammadu Buhari over failure of the heads of ministries, departments, and agencies of the Federal Government to appear before the house. The House Committee on Public Accounts at its investigative hearing on Wednesday, August 5, said that they were summoned to […]

News

CBN Governor, Godwin Emefiele flew his family to the UK with a private jet for N20M

Ihesiulo Grace 24 June 2020 0

The Central Bank Governor of Nigeria, Godwin Emefiele is no guest to corruption allegations and administrative malpractice. An investigation has revealed that the CBN governor had flaunted the state lockdown rules when he flew his wife, Margaret Emefiele and two sons, Godwin Pammichukwu Jnr. and Andrew Olisehike Emefiele on Dangote owned Executive Jet Services at […]

Business Featured Top Stories

Covid-19: CBN, Banks to revamp Nigeria’s economy with injection of N3.5trn

Ihesiulo Grace 23 March 2020 0

…To support 12 local pharmaceutical coys to fight Coronavirus In order to curtail the impact of Coronavirus in the country, the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said the apex bank in collaboration with Bankers Committee are set to revamp the nation’s economy with N3.5 trillion intervention funds. This is just […]

Business Featured News Top Stories

Banks exposure to private sector hits N2trn in 8 months – Emefiele

Ihesiulo Grace 27 January 2020 0

The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele has said commercial banks exposure to the private sector increased by N2 trillion between May and December of 2019. The apex bank last year had mandated commercial banks to maintain 65 per cent Loan-to-Deposit Ratio (LDR). Following the CBN policy on LDR, leading commercial banks […]

Business Featured Top Stories

Emefiele reels out CBN’s economic plans for 2020

Ihesiulo Grace 2 December 2019 0

…Says ‘Protectionist’ policies are for Nigeria’s economic prosperity …Bemoans low banks’ lending to key sectors of the economy The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, says the apex bank is focused on delivering improved and sustained economic policies for the country in the 2020 fiscal year. The CBN Governor also noted that only […]

Features

National Theatre: CBN/Banker’s Committee’s agenda and role of BPE/ICRC in Concessions

Ihesiulo Grace 26 November 2019 0

When news broke recently that the Godwin Emefiele led Central Bank of Nigeria (CBN), in partnership with the Bankers Committee was going to give the National Theatre, Iganmu, a facelift, the announcement was greeted with a mixed grill of scepticism and optimism for the singular reason of the nuance of a seeming interference and not […]

News

FG Delegates arrive UK over $9.6bn debt case

Ihesiulo Grace 23 September 2019 0

The Attorney-General of the Federation Abubakar Malami, has led a team of delegates to the UK alongside the Governor of Central Bank of Nigeria Godwin Emefiele to represent the federal government in meeting with the some international media over the 9.6billion debt involving the process and industrial development Limited (P&ID) The meeting follows the award […]

News

$9bn judgment debt: FG reacts to Daily Times story as Buhari directs EFCC, NIA, IG to probe contract

Ihesiulo Grace 27 August 2019 0

Our correspondent Following Daily Times investigative report on Monday, President Muhammadu Buhari has directed the Economic and Financial Crimes Commission (EFCC), the National Intelligence Agency (NIA) and the Inspector General of Police to conduct a thorough investigation into how Process and Industrial Developments Limited (P&ID) arrived at a whopping $9.6 billion

Business Money Money

Forex: Naira gains marginally at official, parallel markets

Ihesiulo Grace 23 July 2019 0

…As traders eagerly awaiting outcome of MPC meeting today Motolani Oseni The Nigerian currency, Naira at the close of yesterday trading activities strengthened against the US Dollar at both the official and unofficial foreign exchange markets. This is even as activities at the market on Monday remained slow, due to the anticipation of the likely […]

Business

ABCON backs CBN’s monetary policy, financial stability roles

Ihesiulo Grace 6 March 2019 0

The Association of Bureaux De Change Operators of Nigeria (ABCON) has reinforced its support for the Central Bank of Nigeria’s (CBN) financial stability and monetary policy functions. In a statement released yesterday, ABCON President, Alhaji (Dr) Aminu Gwadabe said the apex bank under Governor Godwin Emefiele has achieved financial stability and promoted monetary