President Muhammadu Buhari has not sacked Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, according to online portal, TheCable. Reports had trended on social media that Emefiele reportedly received a letter from the Office of President Muhammadu Buhari, yesterday, to vacate his office. But a source within the Presidency, who said there was no […]
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The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has disclosed the federal government’s resolve to ban the importation of tomato products into the country by 2021. He said the continued importation of tomato paste had resulted in massive job losses to foreign countries, a situation which had further impoverished local farmers and denied […]
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Between the end of 2014 and the first quarter of 2017, the job of heading the Central Bank of Nigeria (CBN) was not an enviable one. Nigeria was faced with the harshest economic realities which culminated in its worst recession and the common man on the street could only ask – and reasonably so – […]
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The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has described the $9 billion Dangote Refinery and the fertiliser plants, which are under construction at the Lekki Free Trade Zone, as transformational projects for Nigeria. Emefiele said this at the weekend during a facility tour of the project site in Epe, Lagos. […]
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The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, will next week unfold the Bank’s plans for 2019 year, during the first Monetary Policy Committee (MPC) meeting scheduled for January 21 to 22. The Director, Corporate Communications at the CBN, Mr. Isaac Okorafor, disclosed this in a statement. Also, Okorafor confirmed the CBN’s injection […]
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The Central Bank of Nigeria (CBN) said the Anchor Borrowers’ Programme (ABP) has created 2.5 million jobs across the country. The Governor of CBN, Godwin Emefiele, disclosed this at the annual bankers’ dinner over the weekend. ABP, an agricultural programme, was launched by President Muhammadu Buhari in 2015 and is aimed to create a linkage […]
Read More The Central Bank Governor, Godwin Emefiele, has said that Nigeria’s monthly food import bill fell from $665.4 million in January 2015 to $160.4 million as of October 2018. He said the reductions in food import were recorded on rice, fish, milk, sugar and wheat, adding that the policy would be maintained. He said, “Noticeable declines […]
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Nigeria has succeeded in reducing the importation of food items by 60 per cent from 2015 to date, the Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, reported. Emefiele said that the government, in the process, saved $800 million. The reduction was affected five major food items – rice, wheat, sugar, tomatoes and […]
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At the 2018 annual meetings of the International Monetary Fund and World Bank held in Bali, Indonesia, the Nigerian delegation led by the Minister of Finance, Mrs. Zainab Ahmed, had talks with development partners, including the Bretton Woods institutions and investors. Among the delegation were the Minister of Budget and National Planning, Senator Udoma Udo […]
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The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele, says maintaining stable exchange rate to avoid depreciation of the Naira is better than building foreign reserve buffers. Emefiele told newsmen on Sunday that this was part of the outcome of the Nigerian delegation’s meetings with investors and institutions at the International Monetary Fund (IMF) […]
Read More In an address to Pressmen, about 5 years ago, in Abuja, Lamido Sanusi, who was then CBN Governor (2009-2014), unexpectedly, decried the prevailing monetary framework which facilitated banks’ access to make free money from their portfolio of government funds. Although this writer has, since 2004 consistently condemned this obvious rip-off, in several articles, in retrospect, […]
Read More Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), on Monday paid an unannounced visit to First Bank, UBA and Zenith banks offices in Abuja to inspect sales of foreign currencies to customers. He said that the visit was to ascertain banks compliance with the new directive by the CBN to sell foreign currencies to […]
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