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CBN
The Department of State Services has confirmed that the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele is now in its custody.
Capital market expert Prof. Uche Uwaleke says the suspension of CBN Governor Godwin Emefiele was expected and marks the end of a turbulent era.
The Department of State Services (DSS) has denied arresting the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
The Central Bank of Nigeria (CBN) has said that the e-naira would help in policymaking in terms of monetary policy decisions as decisions are made based on available information.
Economists have said that the Central Bank of Nigeria (CBN) should consider a policy reset to unify the country’s currency exchange rate.
The Manufacturers Association of Nigeria (MAN) has tasked the new administration to prevail on the CBN to ensure productive sectors of the economy are given priority in the allocation of foreign exchange.
He added that the bank has taken a couple of initiatives to ensure countries adopt the single exchange market system and further explained the approaches.
The Center for Social Justice (CSJ) has urged President Bola Tinubu not to sign the recent amendment to the Central Bank of Nigeria (CBN) Act, which increased advances the CBN can grant to the Federal Government of Nigeria from 5% to 15%.
The National Association of Microfinance Banks (NAMB) has begun a review of the recapitalisation status of all Microfinance Banks that are its members.
Customers of Nigeria’s digital bank, whose license was recently revoked by the Central Bank of Nigeria, Eyowo, have besieged the company’s social media page pleading access to their money.
In his inaugural speech in Abuja on Monday, President Bola Ahmed Tinubu announced that his administration would treat both the old and the new naira notes as legal tender.
Some Economists have advised the Central Bank of Nigeria (CBN) to focus more on the supply side or cost push factors and structural issues fueling inflation in the country.