emefiele

Justice Ekwo Summons CBN Governor, Emefiele, Over $53M

January 11, 2020 1:13 pm
Justice I. E. Ekwo of the Federal High Court, Abuja has summoned the Central Bank Governor, Mr. Godwin I. Emefiele to appear before him.

Emefiele is summoned to answer questions on why he should not be committed to prison for defaulting in the payment of $53,000,000.00 (Fifty Three Million US Dollars) creditor balance.

Justice Ekwo issued the judgment summons to Emefiele in a case with Suit No FHC/ABJ/CS/1193/2017 instituted against Central Bank of Nigeria as Garnishee/Respondent, Linas International Limited and the Minister of Finance as Judgment Debtors Garnishees by Mr. Joe Agi Judgement as Creditor/Applicant on behalf of a team

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CBN Reduced Bank Charges to Pacify Customers, Says Emefiele

December 23, 2019 2:57 pm

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday explained that the banking sector regulator decided to review downward bank charges to ameliorate the pains of customers.

Emefiele said this while speaking in a telephone interview with THISDAY on the new circular titled ‘Guide to Charges by Banks, Other Financial, and Non-bank Financial Institutions,’ which becomes effective from January 1, 2020.

The circular posted on the apex bank’s website yesterday, amongst others, announced the downward review of charges for electronic banking transactions; review of other bank charges to align with market development and the inclusion of new sections …

Emefiele Violated His office, Must Resign, Face Probe - PDP

Nigeria’s Neighbours Must Obey Fair Trade Rules – Emefiele

November 7, 2019 4:22 am
  • FG restates private sector role in implementation of AfCFTA

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, wednesday said Nigeria’s neighbours must comply with fair trade practices to avoid depriving Nigeria the benefits of African Continental Free Trade Area (AfCFTA) agreement, explaining that the country would prevent itself from becoming a dumping ground for goods that did not originate from Africa.

Emefiele, who was represented by the Lagos Branch Controller of CBN, Mr. Ekhator Atise, spoke in Lagos, at the 2019 International Trade Seminar, with the theme: ‘Non-oil Export in Nigeria, Emerging Opportunities, Financing Options and …

Emefiele Begs Rice Millers Not To Hike Price Of Local Rice

Emefiele Begs Rice Millers Not To Hike Price Of Local Rice

October 16, 2019 9:41 am

Following an unprecedented increase in the prices of locally-produced rice as a result of border closure, Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has appealed to rice millers, merchants and distributors to refrain from such acts, saying it’s very unpatriotic. Emefiele, who met with members of the Rice Millers Association of Nigeria (RIMAN), merchants and distributors at the CBN Headquarters, in Abuja, yesterday also urged them to desist from hoarding the grain.

Noting that imported rice is usually laced with too many chemicals for preservation, which are not good for consumption, he explained that the border closure was to …

Emefiele Urges Military To Patronise Local Garment Factory

Emefiele Urges Military To Patronise Local Garment Factory

October 10, 2019 8:49 am

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has called on the Nigerian armed forces and paramilitary organisations to patronise the Cross River state Garment Factory for their uniforms. He also hinted that this would form part of the agenda for discussion at a meeting scheduled for October 25 in Abuja.

Emefiele who made the call during a recent visit to the factory, praised the state governor, Prof. Ben Ayade for creating employment for the teaming youths in the state through the Garment factory. The CBN governor said there was no justifiable reason for the Nigerian …

Emefiele reveals five years plan for CBN

Emefiele reveals five years plan for CBN

June 24, 2019 8:52 am

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says he will bring inflation to single digit within the next five years.

Emefiele made the promise in Abuja on Monday during a press briefing on his policy road map in his second term.

The News Agency of Nigeria (NAN) reports that the inflation rate dropped to 11.4 per cent as at May.

He said that CBN, under his leadership, would ensure that monetary policy measures would be geared towards containing inflationary pressures.

Emefiele said that he would also support improved productivity in the agricultural and manufacturing sectors.

He …

IMF congratulates Emefiele on reappointment as CBN Governor

IMF congratulates Emefiele on reappointment as CBN Governor

June 20, 2019 2:46 am

The International Monetary Fund (IMF) has congratulated Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on his reappointment for a second term of five years by Jubril(President Muhammadu Buhari).

The Fund’s Managing Director, Ms. Christine Lagarde, in a letter dated June 18, 2019 and made available to THISDAY wednesday, said the re-appointment came at a key moment when Nigeria has the opportunity to take important steps to strengthen the economy and improve living standards for all of its citizens.

Read Also: BREAKING: Emefiele still in office, says CBN

“We look forward to continuing our close collaboration with you and …

Emefiele reveals five years plan for CBN

CBN has no multiple exchange rates – Emefiele

May 27, 2019 12:00 am

Those accusing the Central Bank of Nigeria (CBN) of operating multiple foreign exchange (forex) rates are wrong, CBN Governor Godwin Emefiele has said.

What obtains are multiple foreign exchange (forex) windows, Emefiele said.

The CBN boss spoke at the University of Ibadan (UI) Distinguished Leadership Lecture Series, organised by the university in collaboration with the apex bank in Ibadan.

The multiple forex windows ensures that forex reaches critical sectors of the economy, he added.

Emefiele noted that the naira exchange rate had substantially converged around N360/$1, whether it is in the parallel market, or in the CBN.
Read Also: BREAKING:
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Emefiele reveals five years plan for CBN

UNN bestows honorary degree on Emefiele

May 17, 2019 9:47 am

The Central Bank Governor, Mr Godwin Emefiele, has been conferred with a Honorary Doctorate Degree in Business Administration by the University of Nigeria, Nsukka (UNN).

Emefiele was honoured on Friday in Nsukka at the Special Convocation of the institution, where 50 people were also conferred with doctoral degrees in different fields of studies.

On the occasion, Emefiele gave a lecture entitled “From Recession to Growth: The Story of Nigeria’s Recovery from the 2016 Economic Recession.”

He spoke on the actions the CBN took to address recession, which included a combination of monetary and foreign exchange policies, as well as development …

BREAKING: Emefiele still in office, says CBN

March 4, 2019 2:06 pm

The Central Bank of Nigeria (CBN) has dismissed claims that the CBN governor, Godwin Emefiele has been sacked.

Responding to enquiries from The Nation on Monday, the Director Corporate Communications of the CBN Mr. Isaac Okorafor told The Nation that “the governor is in his office working. I don’t know what you’re talking about.”

Another official of the CBN also told The Nation Correspondent that “there is nothing like that, the governor is here, his tenure expires in June.

“In fact he has functions to attend to tomorrow, one of which is to meet with stakeholders in the cotton value …

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