Cash Withdrawal Limits: Emefiele Shuns Reps Summon Again   Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has again failed to honour summons by the House of Representatives to clarify issues on its recent policy on cash withdrawal limits. Emefiele was billed to appear before...

COVID-19, Others Responsible For Naira Depreciation — CBN       The Central Bank of Nigeria (CBN) has disclosed that, COVID-19, shortage in foreign exchange (forex) supply and other factors led to the sharp depreciation of the Naira against the US Dollar. CBN Deputy Governor, Corporate Services, Edward Adamu...

CBN To Fund One Million Hectare Rice Farming       Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said the CBN was targeting to fund farmers to cultivate at least one million hectares of farms in the 2020 dry season farming in the...

We Must Discontinue Dependence On Crude Oil For Public Revenue, Forex — Emefiele         The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need for the country to discontinue heavy dependence on crude oil to guarantee public revenue and foreign...

Naira Plunges To 475 As Dollar Demand Rises         The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell...

CBN MPC members Express Worry Over High Demand Pressure In Forex         Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand pressure in the nation’s foreign exchange market. The MPC members voiced their concerns at the...