Home Topics CBN Governor

CBN Governor

CBN’s Godwin Emefiele foresees tomato revolution in Nigeria

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has expressed optimism that another revolution, similar to what was recorded in the production of rice production, was about to occur in the tomato sub-sector.

The self-destructive, unforced error of fuel subsidy

The above quote is probably synonymous with the popular definition of insanity as “the continuous repetition of the same process with the same wrong results, and still expect a positive difference at each turn.”
President Muhammadu Buhari on Thursday said he appointed heads of security agencies in his government purely on competence and merit.

President Buhari inaugurates CBN Centre of Excellence in UNN

President Muhammadu Buhari on Thursday in Enugu inaugurated an academic Centre of Excellence built by the Central Bank of Nigeria (CBN) at the University of Nigeria, Enugu Campus.

Central bank retains monetary policy rate at 14 percent

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.

Central bank may increase items on forex restriction list to 50

The Central Bank of Nigeria (CBN) may increase the items on the foreign exchange (forex) restriction list from 42 to 50 in order to boost local production and stimulate the export market.

VP Osinbajo chairs NEC meeting on new minimum wage

Vice President Yemi Osinbajo is currently presiding over the National Economic Council (NEC) meeting at the Presidential Villa, Abuja.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Naira ends 2018 stable with central bank, bureaux de change deal

The strategic partnership between the Central Bank of Nigeria (CBN) and Association of Bureaux De Change Operators of Nigeria (ABCON) on foreign exchange (forex) supplies and sustenance of market integrity helped the naira’s stability in 2018.
Governor David Nweze Umahi

Audu Ogbe tips David Umahi for president

Nigeria’s Minister of Agriculture, Chief Audu Ogbe, has tipped Governor David Umahi of Ebonyi State for the president once it is the turn of Ndigbo to produce the president.
Atiku Abubakar

Lauretta Onochie: We won’t allow Atiku Abubakar rape us again

President Muhammadu Buhari’s Personal Assistant on Social Media, Lauretta Onochie, on Saturday lambasted the Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar, over his campaign centered around the economy.

Central bank assures manufacturers, farmers of more support in 2019

Central Bank of Nigeria (CBN) says local manufacturers and farmers will be sufficiently supported financially and otherwise in 2019

CBN: National micro finance bank ready in January 2019

The Central Bank of Nigeria (CBN) in collaboration with the Nigerian Postal Service (NIPOST) reveals it would commence a national Micro Finance Bank (MFB) in January 2019

Central bank reads riot act to banks, firms, individuals over banned Items

It is not going to be easy for banks, companies and individuals behind activities aimed at undermining the extant policy on the 41 items banned from accessing foreign exchange at the official window of the Central Bank of Nigeria (CBN), as it is now declared economic sabotage.

The wrong way to defend the naira

The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).
Nigerian National Petroleum Corporation (NNPC)

NNPC: 45 withdrawals made from NLNG dividends account in 19 years

There were more revelations Thursday as the Senate Committee on Gas investigating the alleged $1.05 billion withdrawn from the Nigeria National Petroleum Corporation dividends in the Nigeria Liquefied Natural Gas was told that over 45 withdrawals were made from the NLNG dividend account with the Central Bank of Nigeria since 1999.

Cryptocurrency: Federal government raises concern over terrorist financing, money laundering

The Federal Government has raised serious concern over the gradual penetration of the country’s currency market by cryptocurrency, saying the development could facilitate possible terrorist financing and money laundering.

MPC retains lending rate at 14 percent

The CBN Governor, Mr. Godwin Emefiele, who read the communique at the end of the two-day MPC meeting, noted that the committee considered the drop in inflation which is seasonal and not sustainable, adding that the upside risk to inflation still remains

Godwin Emefiele: FMDQ participation in Naira-settled OTC FX futures stem currency devaluation

The Central Bank of Nigeria said that the active participation of FMDQ OTC Securities Exchange in Naira-settled over-the-counter foreign exchange futures helped in stemming naira devaluation.
Acting Finance Minister of Finance Zainab Ahmed

Ministers: Federal government can’t fund budget 2018 unless assets are sold

Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.

Recent Stories

APC: Cross River REC working with PDP to manipulate elections

The All Progressives Congress (APC) has called for the removal of the Resident Electoral Commissioner (REC) in Cross Rivers state, Dr Frankland Briyai, alleging that the REC is working in connivance with the Peoples Democratic Party (PDP) to manipulate the forthcoming elections in the state.
Peter Obi

Peter Obi storms more Anambra markets as campaigns resume

With the relaxation of the ban on campaigns till Thursday, the Vice Presidential Candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, has resumed campaigning in major markets across Anambra State.

Governor Shettima: I’ll visit Gambaru Ngala without bullet proof car

Kashim Shettima, governor of Borno State, has dared the Boko Haram sect to attack his convoy when he returns to Gambaru Ngala on a campaign mission.
Peoples Redemption Party PRP

PRP: Polls shift puts INEC integrity in doubt

The Peoples Redemption Party (PRP), Tuesday, said polls shift by the Independent National Electoral Commission (INEC) puts the commission’s integrity and capacity to deliver free and fair election in doubt.
Yobe Desert Stars Chief Coach Ngozi Elechi

Yobe Desert boss Ngozi Elechi involved in car crash

It has been confirmed that Yobe Desert Stars Chief Coach Ngozi Elechi was involved in a motor accident on his way to Lafia to honour Wednesday’s matchday ten fixture between his side and Nasarawa United.