The Central Bank of Nigeria (CBN) has clarified it’s position on the legal status of the old series of the N1,000, N500, N200 banknotes after the February 10 deadline for depositing the affected banknotes. The Director, Corporate Communication Department of the CBN, Mr Osita Nwanisobi, while speaking with newsmen on Tuesday in Abuja, explained that … [Read more…]
Governors of the 36 states have planned to meet with the Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday over the present withdrawal policy and the redesigned naira notes. The governors under the auspices of the Nigeria Governors’ Forum through its spokesperson, Abdulrazaque Bello-Barkindo, in a statement Tuesday night said the governors … [Read more…]
The intervention of one of the Service Chiefs yesterday saved Governor of the Central Bank of Nigeria, (CBN) Mr. Godwin Emefiele, from arrest upon return to Nigeria from his annual vacation abroad. This is coming at a time the Directorate of State Services (DSS) denied ever storming the CBN headquarters to arrest Emefiele, with the … [Read more…]
The African Bar Association, AFBA, yesterday flayed plot by the Department of State Service, DSS, to arrest governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, for alleged terrorism financing. The regional legal body, in a statement, said though it does not meddle or interfere in the local governance and political issues of … [Read more…]
The Central Bank of Nigeria (CBN), its Governor, Mr. Godwin Emefiele and the Attorney General of the Federation, Abubakar Malami have been dragged to a Federal Court in Awka over the implementation of the naira redesign policy. The redesigned currencies N1,000, N500 and N200 went into circulation on December 15, 2022, and would finally displace … [Read more…]
CBN Gov: Pan-African payment platform “ll reduce the use of pounds and dollars in intra-African trade. Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, says the pan-African payment and settlement system, PAPSS, will simplify cross-border transactions and reduce third currencies for intra-African trade. The third currencies include dollars, pounds and euro for cross-border … [Read more…]
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele , has estimated that the nation would require about $10 billion annually to fix the nation’s dilapidated infrastructure to rejuvenate the economy. Emefiele, who stated this in his address at the Finance Correspondents Association of Nigeria (FICAN) 2021 annual conference and 30th anniversary … [Read more…]
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Thursday disclosed that wheat and sugar would soon be added to the foreign exchange (forex) import exclusion list in line with government’s effort to conserve forex and promoting local production that will ultimately lead to job creation. Emefiele’s position is coming on the … [Read more…]
In pursuit of the nation’s economic diversification agenda, the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, charged Nigerians to embrace agriculture; as the gains of Anchor Borrowers’ Programme will ensure Nigeria attains food security in the shortest possible time. Mr. Emefiele gave the charge in Zauro, Kebbi State, yesterday, during the flag-off of … [Read more…]