Governor, Central Bank of Nigeria, CBN, on Tuesday, disclosed that the nation’s external reserves have risen to $38.2 billion, the highest in 39 months. Emefiele disclosed this in Agbara, Ogun State while commissioning Unilever Plc’s 10,000 metric tonnes Blue Band factory. Emefiele stated: “We have seen reserves move up from the $23 billion I talked […]
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The Chairman of Zenith Bank’s board, Mr. Jim Ovia has adjudged the University of Nigeria, Nsukka (UNN) as a training ground for capable and committed change agents, saying this was evident in the quality and capacity of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, an alumni of the institution, whom […]
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The Nigeria’s Central Bank Governor, Mr. Godwin Emefiele, on Tuesday said that the apex bank and the Nigerian Communications Commission, NCC intervention in the 9mobile loan saga, was due to the systemic importance of the company. He stated this while responding to questions from journalists shortly after the two-day Monetary Policy Committee meeting held at […]
Read More As the external reserves inched up to $34.3 billion last week, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has predicted 7 per cent rise in its accretion to reach $40 billion next year. According to the banking czar, who made the forecast at the weekend in Lagos during the annual […]
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Nigeria’s Central Bank Governor Godwin Emefiele said on Friday he expected inflation rate to fall at a faster pace and hit high single digit rates mid-next year. “We are very optimistic that food prices will come down and as they come down, it will help to complement the reduction in core inflation,” Emefiele told journalists […]
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Nigeria’s external reserves have risen to the highest level in almost three years as it hit $33.11 billion last Thursday, data from the Central Bank of Nigeria(CBN) has shown. That development has put the country’s reserves back at a level not seen since December 2014. Last month, the reserves stood at $33 billion as at […]
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The Nigeria’s Central Bank governor, Godwin Emefiele, today, Friday explained how President Muhammadu Buhari’s promise to provide 360,000 jobs for youths nationwide, will be actualized. Emefiele told stakeholders at a meeting on the operational framework for the Accelerated Agricultural Development Scheme (AADS), under which the jobs will be created that the scheme was targeted primarily […]
Read More The Nigeria’s Central Bank Governor, Mr. Godwin Emefiele, yesterday, gave reasons why the Monetary Policy Committee (MPC), retained all the key economic parameters for the sixth consecutive time after yesterday meeting in Abuja. The committee voted (6:1) to maintain the Monetary Policy Rate (MPR) at 14 per cent, Cash Reserve Ratio (CRR) at 22.5 per […]
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President Muhammadu Buhari on Monday received almost a two-hour briefing from the Minister of Budget and National Planning, Senator Udoma Udo Udoma, the Minister of Finance, Mrs Kemi Adeosun, and Governor of the Central Bank of Nigeria, Mr Godwin Emefiele. The Ministers and CBN Governor updated the President on the improving economy, implementation of the […]
Read More Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN) said the apex bank will continue to review it’s polices to ensure that the best is achieved for the country’s economy. Emefiele said this in Nsukka on Saturday in a lecture titled “The Dilemma of Monetary Policy and Exchange Rate Management in a Recession: […]
Read More The Nigerian Central Bank Governor, Mr. Godwin Emefiele, has given an assurance that the bank will intensify its fight against money laundering and other financial crimes in the banking sector. He stated this in Abuja on Monday at the opening session of the ‘Regional course on combatting money laundering and other financial crimes’. The event […]
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The Federal Government has unveiled a $300 million World Bank loan facility to support new housing scheme known as the National Housing Finance Programme (NHFP). The initiative, according to the Deputy Director, Other Financial Institutions of the Central Bank of Nigeria (CBN), Mr Adedeji Adesemoye is a Public Private Partnership (PPP) programme, designed to improve […]
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