Emefiele Archives — Page 7 of 10

May 24, 2018 No Responses

CBN Uplifts Forex Market With $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. In its quest to meet customers’ needs in the various segments of the market, the...

May 11, 2018 No Responses

CBN: Banks Are Sabotaging Our Efforts On New Notes

The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country. Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on...

May 9, 2018 No Responses

CBN Lifts FOREX Market With Additional $210m

The Central Bank of Nigeria (CBN), on Tuesday, May 8, 2018, boosted the inter-bank Foreign Exchange market with another sum of $210 million. The Bank again offered the sum of $100 million to authorized dealers in the wholesale segment of...

May 5, 2018 No Responses

CBN Injects $349.34m Into Retail SMIS

As part of its intervention for the week, the Central Bank of Nigeria (CBN), has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment of the Forex market. Figures obtained from the CBN...

May 3, 2018 No Responses

China Signs Currency Swap Agreement With Nigeria

China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion). The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and...

April 23, 2018 No Responses

Nigeria’s External Reserves Hit $47.93b, Explains 17m Tax Payers’ Base

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, explained on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this as...

April 13, 2018 No Responses

CBN Begins Disbursement Of N26b Agribusiness Fund To MSMEs

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee on Thursday commenced disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the first set of beneficiaries. The CBN Governor...

April 5, 2018 No Responses

Monetary Policy Committee Retains Lending Rate At 14%

The Monetary Policy Committee (MPC) has once again retained the Monetary Policy Rate at 14 per cent due to persistent uncertain economic conditions and high inflation. The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele said this while briefing...

February 6, 2018 No Responses

CBN injects $210m into foreign exchange market

Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving a breakdown of the amount, the acting Director, Corporate...

February 2, 2018 No Responses

Buhari nominates Edward Adamu as CBN Deputy Governor

President Muhammadu Buhari has nominated Mr Edward Lametek Adamu to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, made this known...

January 31, 2018 No Responses

N8b CBN currency scam case resumes as EFCC explains missing N900m

Mr Saliu Kadri, one of the EFCC investigators in the alleged N8 billon CBN currency scam case, on Tuesday said that the accused persons breached normal procedures at the Ibadan branch of the apex bank Testifying before Justice Joyce AbdulmaleeK of the F...

January 23, 2018 No Responses

CBN boosts foreign exchange market with $210m

The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement ...

January 22, 2018 No Responses

CBN explains inability to hold MPC meeting for January

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee (MPC) for January. A statement signed by Emefiele...