Refinery: We’ll ask Dangote to sell forex at good rates – CBN Governor
At the end of the 291st Monetary Policy Committee, MPC, meeting in Abuja, Emefiele stated that his team would work with Alhaji Aliko Dangote, the refinery’s promoter, to ensure that Nigerians benefited from the venture. He also stated that the CBN, the Federal Government, and the entire nation had assisted him in setting up the refinery.
CBN raises interest rate to 18.5%, highest in 22 years
This will be the third interest rate increase in 2023 for the Mr. Emefiele-led Apex Bank.
CBN Directs Banks to Accept Old N500, N1000 Notes
The Central Bank of Nigeria (CBN), yesterday, directed commercial banks and other financial institutions in the country to continue to accept and pay out the old N200, N500, and N1,000 notes till December 31, 2023, in line with a recent Supreme Court ruling. In a statement signed by CBN’s Acting Director, Corporate Communications, Dr. Isa […]
Supreme Court suspends CBN deadline on old, new naira notes swap
The Supreme Court on Wednesday ordered the suspension of the deadline for the swapping of old to new naira notes by the Central Bank of Nigeria (CBN).
Kaduna, Zamfara and Kogi Govts drag FG to court over Naira Redesign
Governments of Kaduna, Kogi and Zamfara states, worried over the lingering naira scarcity due to the CBN’s naira redesign policy have dragged the Federal Government before the Supreme Court seeking a restraining order to stop the full implementation of the policy. In a motion ex-parte filed on their behalf by their lawyer, AbdulHakeem Uthman Mustapha […]
Emefiele: Redesigned Naira has doused kidnapping, Ransom-taking
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has stated that the recent release of three redesigned naira notes has reduced kidnapping and ransom-taking by armed men. Emefiele, speaking at the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja opined that ‘kidnapping and ransom-taking have somehow reduced’ whilst applauding security agents […]
