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GODWIN EMEFIELE
News and analysis about Godwin emefiele
The Dangote Refinery would lead to the employment of over 70,000 Nigerians when it finally starts operation.
Financial and economic experts have faulted the Central Bank of Nigeria (CBN) over its introduction of a longer-term contract on the naira.
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has reacted to analysts’ projections concerning the devaluation of naira.
In Nigeria, one of the monsters that need to be faced head-on is the regime of high-interest rates and its effects on the growth of the country.
The Monetary Policy Committee of the Central Bank of Nigeria (@cenbank) has raised the Cash Reserve Ratio by 500 basis points to 27.5%. Meanwhile, other parameters such as Monetary Policy Rate, Liquidity ratio, and asymmetric corridor remain unchanged.
The Central Bank of Nigeria (CBN) has postponed the first Monetary Policy Committee (MPC) meeting of 2020.
Indications suggest that the CBN would announce a recapitalisation plan this year as commercial banks start to prepare ahead of this move.
Presco Plc, a palm-oil processing and agro-industrial firm has signed a partnership with the Edo state Government to develop high yielding oil palm seeds.
The country’s foreign reserves dropped by $4.45 billion from the $43.07 billion recorded in January 2019 to $38.61 billion in December 2019.
The new CBN regime of banking charges against customers for services rendered is expected to start today, January 1st, 2020.
The Central Bank of Nigeria (CBN) has stated its readiness to increase the number of bank account holders enrolled on the BVN System.
Global bond traders who invested in Africa as the continent’s sovereign dollar debt has generated total returns of 20% since the start of 2019.