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The State Security Service has started exercising a be-on-the-lookout for Governor Godwin Emefiele of the Central Bank of Nigeria, according to two officials familiar with the matter. Consequently, the domestic intelligence office has deployed several officers to monitor the CBN Headquarters, Mr Emefiele’s family residence in Lagos, and the Abuja home of businessman Christopher Emefiele,
The Central Bank of Nigeria (CBN) has reversed its decision on maximum cash withdrawal limits. In a new circular issued to all banks late Wednesday, the CBN said it increased the maximum weekly limit for cash withdrawal across all channels. Going forward, individuals and corporate organisations can now withdraw N500,000 and N5,000,000 cash. READ
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the new naira notes will now be introduced today (November 23) as opposed to the earlier date of December 15, 2022. Emefiele who announced the decision on Tuesday, said expectation is to ensure that by Jan. 31, all current N200, N500 and N1000 denominations
Nigeria’s Central Bank Governor, Godwin Emefiele has announced the apex bank is planning to reduce the volume of N500 and N1000 notes in circulation “over time”. The governor made this known in his briefing to the media at the monetary policy communique held on November 22nd, 2022. He was responding to questions about the ease
The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from December 15, 2022. The action was taken in order to take control of the currency
The The Central Bank of Nigeria on Friday, released $265m to airlines operating in the country, to settle outstanding ticket sales to check a brewing crisis in the country’s aviation sector. A breakdown of the figure indicated that $230m was released as special foreign exchange intervention while another $35m was released through Retail SMIS auction. Disclosing this in
Nigerians once again berate the CBN governor, Godwin Emefiele for the current currency dwindling and economic crisis in the country. This would come after the Naira keeps experiencing a free fall. This CBN governor took over the apex banking job with Naira at N170 to $1 and today, it has risen to N675 to $1. Emefiele’s
The embattled Central Bank Governor, Godwin Emefiele has been reportedly sacked by Buhari. More details to come shortly…
The Ondo State Governor, Mr Rotimi Akeredolu had called on the President, Major General Muhammadu Buhari (retd.), to sack the Governor of the Central Bank, Mr Godwin Emefiele, for obtaining of All Progressives Congress presidential nomination form. This was as the Peoples Democratic Party also lambasted the CBN Governor over the issue. Akeredolu, in a
Nigerians have berated the central Bank Governor, Godwin Emefiele who they described as the worst thing to have happened to the apex bank. The CBN governor who in the recent past had delved into all facets of Nigeria economy ranging from defence ministry, Agriculture, Information Technology, Petroleum etc. In all, nothing meaningful had been achieved.