Godwin Emefiele
Buisness Economy National

CBN – Why we are after Abokifx

CBN governor, Godwin Emefiele, accuses the website of “illegal activity that undermines the economy”. The Central Bank of Nigeria has accused the Abokifx, a website that collates the black market exchange rates of naira, of carrying out an “illegal activity that undermines the economy”. The CBN governor, Godwin Emefiele, said the publisher of platform, Oniwinde Adedotun, […]

Buisness Economy

CBN Licenses 10 More International Money Transfer Operators

CBN – The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost diaspora remittances. With the new licences issued, the total number of IMTOs operating in the country now stands at 57.In an updated post on its website yesterday, CBN listed […]

Buisness Covid-19 Economy National

CBN prevails on banks not to sack workers

CBN – The Central Bank of Nigeria and the Bankers’ Committee have jointly agreed to suspend sacking of workers in the banks during the COVID-19 pandemic. A statement signed by the Director, Corporate Communications, Mr Isaac Okorafor, said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the […]

Economy

CBN Injects $341.75m, CNY14.7m – Retail SMIS Forex Intervention

CBN – The Central Bank of Nigeria has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million in addition to CNY14.7 million in the spot and short-tenored forwards segment of the inter-bank foreign market. CBN Director in charge of Corporate Communications Department, Mr. Isaac Okorafor, made the disclosure, on […]

Governor Godwin Emefiele announces that Nigeria's central bank is keeping its benchmark interest rate on hold at 13 percent in Abuja, Nigeria, July 24, 2015. REUTERS Afolabi Sotunde
National Politics

Emefiele finally reacts to rumours that President Buhari has sacked him

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has finally reacted to rumours that he has been asked by President Muhammadu Buhari to begin packing his wares out of his office, ahead of a sack announcement. The social media space has been rife with rumours that Buhari has fired Emefiele, pending a statement […]