Tag Archives: Emefiele

Why investor are now showing interest in First Bank shares-Emefiele

The apex bank,  Central Bank of Nigeria (CBN) has said that First Bank is a big part of the Nigerian banking system. The apex bank added that investors are showing interest in First Bank’s shares. This was disclosed by the CBN Governor, Godwin Emefiele at the Monetary Policy Committee meeting held today, November 23rd, 2021. CBN stated that one person ...

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CBN planning to set up framework low cost loans for youths entrepreneurs- Emefiele

By Ajibola Olarinoye The Apex bank, Central Bank of Nigeria (CBN) is planning on a framework that would enable young graduates  access low-cost loans with a view to floating their own businesses. The intimation was made by CBN Governor, Godwin Emefiele in his keynote speech at the Convocation Lecture for the 51st Convocation ceremonies of the University of Lagos, According ...

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Emefiele explains why Nigeria’s economy can’t grow now

Governor of the Central Bank of Nigeria, CBN,Godwin Emefiele has explained why  the country’s current economy cannot grow. Acccording to him, the economy can’t experience growth considering the current level of insecurity. He made this remark at the end of a two-day monetary policy committee meeting in Abuja on Tuesday. According to Emefiele: “If you want an economy to grow, ...

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Emefiele to Universities: Seed industry is a multi-billion dollar investment, engage in research

The Central Bank Governor, Godwin Emefiele has explained why tertiary institutions in Nigeria to promote research. Acccording to him, the move is necessary to boost agriculture in Nigeria. The Governor said this during a lecture on “Jump-Starting Agricultural Revolution: The CBN Experience” in Makurdi. He said the universities have a responsibility to promote research to enhance yields per hectare by ...

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CBN will soon restrict FX for importation of sugar, wheat- Emefiele

Governor of Central Bank of Nigeria (CBN) Godwin Emefiele has revealed that the apex bank would soon start the restriction of forex allocation for importation of sugar and wheat into the country. The CBN governor said this  yesterday at the inspection of a sugar production factory by Dangote Group of Industries in Nasarawa State Acccording to the head of the ...

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Emefiele blames banditry, Kidnappings, insurgency for inflation

The Governor of the Central Bank of Nigeria, Godwin Emefiele, Bank of Nigeria (CBN) says  that the country’s rising inflation was due to insecurity. Emefiele made this statement  while presenting the communique from the Monetary Policy Committee (MPC) meeting. Recall that the rate of inflation has been experiencing upward trajectory to 17.33 percent at the end of February 2021 from ...

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Money Made Out of ‘Thin Air’: Nigerians blast Emefiele over comment on Cryptocurrency

The Central Bank of Nigeria (CBN) Governor Godwin Emefiele has been under heavy fire online for describing cryptocurrency as money made out of thin air. The CBN governor made this remark while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market. Emefiele said that cryptocurrency is used to describe the activities ...

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Emefiele defends banning of crypto currency transactions

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has defended the banning of crypto currency by the bank apex bank saying that it is done in the best interest of depositors He said this while appearing before  a joint senate committee on banking, insurance and other financial institutions; ICT and cybercrime; and capital market. Acccording to the apex ...

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