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Total Credit To Economy Now N19.5trn – Emefiele

Total Credit To Economy Now N19.5trn - Emefiele         Total credit to the economy rose to N19.54 as of the end of November 13, according to the Central Bank of Nigeria. The CBN Governor, Godwin Emefiele, who disclosed this after the Monetary Policy Committee meeting on Tuesday,...

CBN Battles Recession, Raises COVID-19 Facility To N300bn

CBN Battles Recession, Raises COVID-19 Facility To N300bn       Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...

CBN Rebukes Those Using Parallel Market To Push For Naira Devaluation

CBN Rebukes Those Using Parallel Market To Push For Naira Devaluation       Those using parallel market rates to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t have their way. The CBN Governor, Mr. Godwin Emefiele gave this indication at the end...

ABCON Kicks Against Speculators Depreciating Naira Forcefully

ABCON Kicks Against Speculators Depreciating Naira Forcefully         The Association of Bureaux De Change Operators of Nigeria has warned foreign exchange speculators pushing the naira to forceful depreciation through their illegal activities. ABCON gave the warning in a statement titled, ‘ABCON warns speculators will lose money as...

#EndSARS: CACOVID To Unveil Support For Business Owners Next Week – Emefiele

#EndSARS: CACOVID To Unveil Support For Business Owners Next Week - Emefiele       The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the Coalition Against Covid-19, will unveil its support for business owners whose premises and goods were looted by hoodlums during the unrest...

Reps Summon Kyari, Emefiele, Allege N3.2trn, Others Unremitted

Reps Summon Kyari, Emefiele, Allege N3.2trn, Others Unremitted         The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over non-remittance of $19.25bn (approximately N3.24tn) revenue that...