Home Topics Godwin Emefiele

Godwin Emefiele

Forex: Central bank boosts Retail SMIS with $343.06 million

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018.

President Buhari: Why I refused to remove Godwin Emefiele as central bank governor

President Muhammadu Buhari says he refused to replace Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), when he took over power because he wanted to give him the opportunity to salvage the economy from its “terrible condition”.

President Buhari: Lai Mohammed disobeyed me by replying ex-President Obasanjo’s letter

President Muhammadu Buhari has said that the Minister of Information and Culture, Alhaji Lai Mohammed, disobeyed him by replying the letter by former President Olusegun Obasanjo against the administration.

Court: Information on President Buhari’s London treatment can’t be released without his consent

The Federal High Court in Abuja ruled on Tuesday that information about the amount of taxpayer fund suspected to have been expended on President Muhammadu Buhari’s treatment in London last year, could not be released under the Freedom of Information Act without the President’s consent.

Central bank gives approval to Africa’s first farmers’ microfinance bank

The Central Bank of Nigeria, CBN, has given approval to Africa’s first farmers microfinance bank to operate in the Unit Category in Nigeria.

N5.8bn fraud: Central bank absolves NEMA of wrong doing

The Central Bank of Nigeria (CBN) on Thursday told federal lawmakers in the House of Representatives that its 2016 food grain mop up scheme was initiated by the Federal Government to save the country from a looming danger arising from threats posed by export of the nation’s food grains by foreign companies.

Central bank: Food grain scheme initiated by federal government

The Central Bank of Nigeria on Thursday told the House of Representatives that its 2016 food grain mop up scheme was initiated by the Federal Government.

CBN: How we revived Nigeria’s economy under President Buhari

Deputy Governor, Central Bank of Nigeria (CBN), Mr. Bayo Adelabu, has given some insight on how the apex bank rescued Nigeria’s economy from sinking exchange rate, inflation and recession through the Economic Recovery and Growth Plan of President Muhammadu Buhari.

Forex: Central bank intervenes with another $210 million

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market.

Central bank retains monetary policy rate at 14 per cent

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

Speculative attacks fuel Naira depreciation

The announcement of a currency- swap deal between Nigeria and China has compelled speculators to make last minute plans to wreck havoc on the naira before the deal gets underway.

Foreign reserves decline for the first time in eight months

Data made available by the Central Bank of Nigeria show that the nation’s foreign reserves dropped by $72 million between Thursday, May 10 and Monday, May 14.

Central bank approves N1 billion for SMEs in Niger

The Central Bank of Nigeria (CBN) has approved the release of second tranche of N1 billion from the Micro Small and Medium Enterprises Development Fund (MSMEDF) for disbursement to Small and Medium Enterprises (SMEs) in Niger State.

Central bank steps up campaign to stop Naira abuse

As Central Bank of Nigeria (CBN), for the umpteenth time, urged the public to refrain from accepting multilated Naira notes from banks, all tiers of government equally have a role to play via mass education in changing the orientation of Nigerians towards the currency.

Nigeria leads South Africa in foreign reserves

Nigeria is leading South Africa in net foreign reserves as that of the West African country hits $47.37 billion in March to beat South Africa which has $43.15 billion.

NCC remits N49.7 billion to federal government

The Nigerian Communications Commission (NCC) said it remitted N49.7 billion to the federal government in the first quarter of 2018.

Central bank injects $210 million in wholesale forex market, others

The Central Bank of Nigeria (CBN) on Tuesday continued its intervention in the inter-bank sector of the Foreign Exchange market, injecting $210 million in the wholesale segment and other sectors of the market.

Kemi Adeosun: $322m Abacha funds earmark for social safety nets

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has confirmed the recovery of the sum of US$322,515,931.83 Abacha funds from the Swiss Government into a special account in the CBN.

Recent Stories

Davido named best international act at BET Awards

Davido on Sunday won the 2018 BET award for best international act.
FIFA HQ

Nigerian trio in Russia for FIFA leadership programme

NFF’s Head of Women Football, Ruth David, in company with captain of the U20 Women National Team (Falconets), Oluwakemi Famuditi and Referee Olufunmilayo Alaba will arrive in Russia on Tuesday for a new educational programme of the world football–governing body, FIFA taking place on Wednesday and Thursday in Moscow.

Egypt extends its state of emergency for another 3 months

President Abdel-Fattah al-Sisi's decision was published in the official gazette on Sunday. It should be approved by parliament within seven days and go into effect on July 14.

President Buhari: Plateau killings painful, regrettable

President Muhammadu Buhari has expressed regret over the reported killings of innocent people in Plateau and vowed that his administration would not rest until the murderers and sponsors are brought to justice.
Turkish referee Cuneyt Cakir

Turkish referee for Nigeria match against Argentina

FIFA has announced the referee for Nigeria’s last Group D match at the 2018 World Cup against Argentina on Tuesday and the official is not a stranger to a couple of Super Eagles stars.