Emefiele Archives — Page 8 of 10

January 18, 2018 No Responses

CBN unveils agenda to push tomato, cocoa, palm oil production in 2018

The Central Bank of Nigeria (CBN) says it will aggressively push and support farmers to boost the production of tomato, cocoa and palm oil across the country in 2018. The CBN Governor, Mr Godwin Emefiele, disclosed this when he visited...

January 16, 2018 No Responses

CBN injects $210m into foriegn exchange market

The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments. Giving a breakdown of the intervention, the bank’s acting Director, Corporate Communic...

December 13, 2017 No Responses

CBN injects $210m into currency market

The Central Bank of Nigeria (CBN) said on Tuesday it had injected 210 million dollars into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. In a statement, the bank said it had released 100...

October 30, 2017 No Responses

Emefiele at London Stock Exchange, explains highest ROI in Nigeria

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged investors to come over to Nigeria, declaring that the nation’s Return on Investment (ROI) in all sectors of the economy are among the best in the world. Addressing...

July 10, 2017 No Responses

CBN targets single digit inflation

Nigeria “will get back” to single digit inflation, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has declared. In an interview with Arise Television, Emefiele explained that with the improvement seen in growth from the negative 1.7...

June 7, 2017 No Responses

Photo News

Director General of Bureau of Public Enterprises (BPE) , Mr. Alex A. Okoh (left) during a courtesy visit to the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday.

May 31, 2017 No Responses

CBN enhances Naira with $482.6m

As part of ongoing efforts, the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million. A statement issued by its Acting Director, Corporate Communications, Isaac Okorafor, in Abuja explained that...

May 24, 2017 No Responses

CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs

THE Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. Speaking at an interactive session with Journalists after the Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor,...

May 18, 2017 No Responses

Forex: CBN releases list of 36 items

The Central Bank of Nigeria (CBN) on Thursday released list of 36 items valid for access to foreign exchange in the foreign exchange market. In a circular to all banks and the general public, CBN explained that the list of...

May 9, 2017 No Responses

CBN injects $81.2m for BTA, SMEs, others

As a follow up to last Friday’s injection of $389 million into the retail segment of the Foreign Exchange Market (FOREX), the Central Bank of Nigeria (CBN) on Monday, intervened with the sum of $81.2 million in the invisibles and...

May 3, 2017 No Responses

CBN sanctions First Bank, GTB, others over alleged forex infractions

The Central Bank of Nigeria (CBN) on Tuesday barred 15 commercial banks from dealing in foreign exchange through the recently created Small and Medium Enterprises (SMEs) wholesale forex window. According to the CBN, the decision which is with immediate effec...

March 30, 2017 No Responses

Development Bank of Nigeria gets CBN licence

The Central bank of Nigeria has approved the grant of a wholesale development finance institution licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. The approval was conve...

March 7, 2017 No Responses

CBN offers additional $367 Million to ease FOREX crisis

As part of measures to tackle Nigeria’s Foreign Exchange (FOREX) crisis, the Central Bank of Nigeria (CBN) on Monday carried out another round of retail interventions in the interbank FOREX market by providing $367,134,329.93 to meet the forward requests of....

February 24, 2017 No Responses

CBN re-introduces charges on cash deposits, withdrawals

About three years after the policy was suspended, the Central Bank of Nigeria (CBN) on Thursday announced the re-introduction of bank charges on certain categories of cash deposits and withdrawals. In a circular to all Deposit Money Banks posted on...