Tag: Godwin Emefiele

Emefiele’s Claims, Forex Inflows Into NNPC’s Account

Despite claims by the Central Bank of Nigeria Governor, Mr Godwin Emefiele, that the crisis being experienced by the Naira was due to non-remittances by the Nigerian National Petroleum Company…

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CBN, Rising Interest-rate Risk and the Bond Market

  At the end of its 2nd Meeting this year, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday March 22, 2022 resolved to maintain the Monetary Policy…

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Nigerian Banks Restructure $20 Billion of Loans as Virus Hits

Nigerian banks are restructuring 41% of loans in the country after the central bank placed a moratorium on interest charges and principal debt repayments to cushion the blow of lower…

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In Move to Unify exchange rates, CBN debits banks N122bn

In move to unify its multiple exchange rates,Central Bank of Nigeria debited N122bn ($338m) from banks’ excess cash with the apex bank before weakening the currency at a retail auction…

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Central Bank of Nigeria cuts benchmark lending rate to 12.5%

Nigeria’s central bank cut its benchmark lending rate to 12.5% from 13.5%, the central bank governor said on Thursday. Central Bank Governor Godwin Emefiele said seven of the 10 members…

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