Cash Policy: CBN Governor Tenders Apology

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has apologised to bank customers for the inconveniences the newly introduced cashless policy will cause. Africa News24 (an24) reports that the CBN governor rendered the apology at the end of the Monetary Policy Committee (MPC) meeting in Abuja, Nigeria’s capital on Friday, when he […]

Buhari Directs EFCC, NIA To Investigate UK Court’s $9.6bn Judgment

President Muhammadu Buhari has directed the Economic and Financial Crimes Commission, the National Intelligence Agency and the Inspector-General of Police, Mohammed Adamu, to conduct a thorough investigation into the activities of the Process and Industrial Developments Limited which was recently asked by a United Kingdom court to seize $9.6bn in Nigerian assets. The development was […]

CBN Proposes N100 Billion Maximum Capital Base For Banks

The Central Bank of Nigeria (CBN) has proposed an increase in the minimum capital base for commercial banks in Nigeria to one hundred billion naira. The Governor of the CBN, Mr Godwin Emefiele, has revealed that the current capital base of the banks are no longer realistic, principally because of the massive devaluation of the […]

Senate Confirms Godwin Emefiele As CBN Governor For Second Term

The Senate has confirmed Godwin Emefiele as governor of the Central Bank of Nigeria (CBN) for another term. President Muhammadu Buhari had written to the Senate on May 9 to inform them of his decision to reappoint Mr Emefiele for another 5 years. The Senate thereafter referred to the screening of Mr Emefiele to its […]

Senate Begins Confirmation Of Emefiele’s For Second Term

Senate on today began the confirmation of CBN governor, Godwin Emefiele for the second term of office. President Muhammadu Buhari’s request for the confirmation of Emefiele has been referred to the Senate Banking and Insurance committee for legislative action. Senate President Bukola Saraki tweeted giving the committee one week to report back This request is […]

Farmers Support Buhari’s Second Term Bid With N1.77bn

The Rice Farmers Association of Nigeria (RIFAN) and Fertilizers Producers and Suppliers Association of Nigeria (FEPSAN) have donated N1.77 billion to fund President Muhammadu Buhari’s 2019 re-election campaign.

CBN Governor Reveals What Lifted Nigeria Out Of Recession

The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, says the restriction of forex supply on 41 items including rice and toothpicks helped in lifting the economy out of recession. Emefiele, who made this comment while addressing Addressing journalists on Wednesday at the opening ceremony of a seminar for finance correspondents and business […]

FG to provide cheap funds to farmers

The Federal Government will provide cheap funds of not more than five per cent to farmers who wants to acquire agricultural equipment and feeds. The Central Bank Governor, Godwin Emefiele, made this known on Thursday at the official launch of Mitros Ofada Rice in Abeokuta. Emefiele said the cheap funds would help conserve foreign exchange […]