Tag: Godwin Emefiele
P&ID: London court orders release of $200m guarantee to Nigeria
A London Commercial Court on Tuesday ordered the release of the $200 million guarantee put in place as security for the stay of execution...
CBN cuts benchmark interest rate to 11.5%
The Central Bank of Nigeria (CBN) on Tuesday cut its benchmark interest rate to 11.5 percent, from 12.5 percent since May 2020.
This means that...
COVID-19 fallout: CBN creates N50bn credit support for healthcare industry
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday unveiled a number of policy initiatives aimed at reducing the adverse...
Fake CBN governor jailed three years in Uyo
A High Court in Uyo, Akwa Ibom State, has sentenced Mr. Nwalozie Julius to three years imprisonment for impersonating the governor of the Central...
CBN engages six firms in importation of dairy products
The Central Bank of Nigeria (CBN) yesterday gave Friesland Campina WAMCO Nigeria, Chi Limited, TG Arla Dairy Products Limited, Promasidor Nigeria Limited, Nestle Nigeria...
CBN defends new bank charges, proposed increase in VAT
The Monetary Policy Committee of the Central Bank of Nigeria
(CBN) has given reasons for its approval of the new charges on bank withdrawals
and deposits...
$9.6bn UK judgement debt: FG orders probe into contract award
President Muhammadu Buhari has directed the Economic and
Financial Crimes Commission (EFCC), the National Intelligence Agency (NIA) and
the inspector general of police to investigate the...
CBN licences three new banks
The Central Bank of Nigeria has issued licences to three new
banks.
They are Titan Trust Bank Limited, Globus Bank Limited and a
non-interest bank, TAJ Bank...
Emefiele unfolds banking recapitalisation plan within five-year-period
The Central Bank of Nigeria (CBN) governor, Mr. Godwin
Emefiele has unveiled the policy direction of his second five-year term with a promise
to recapitalise banks...
CBN says smuggling, dumping are challenges to economic policies
The governor of Central Bank of Nigeria (CBN), Mr. Godwin
Emefiele has said that the bank, with
some stakeholders, have identified smuggling and dumping as major...
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