Emefiele Reiterates CBN’s Commitment To Development Of Agriculture   Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said that the apex bank remains committed to development of agriculture and allied products in the country. Emefiele who said this at the inauguration of the Sunti...

Inflation Threatens CBN’s Rate Cut Plan The Central Bank of Nigeria’s Monetary Policy Committee’s long-awaited interest rate-cutting cycle risks being short-lived, if it starts at all. The CBN Governor, Godwin Emefiele, had said last month that the MPC might reduce its benchmark interest rate from the...

On N17bn NERFUND Loans, Reps Summons Emefiele, NDIC, BoI CEOs An ad hoc committee of the House of Representatives on Tuesday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, over the N17bn non-performing loans recorded by the National Economic Reconstruction Fund. Also...

CBN Pumps Fresh $304.4m Into Forex Market The Central Bank of Nigeria (CBN) at the weekend intervened in the Retail Secondary Market Intervention Sales (SMIS) of the interbank foreign exchange market to the tune of $304.4 million. Figures obtained from the Bank indicated that the sum,...

Trading On CBN Investors & Exporters FX Window Hits $26bn The Central Bank of Nigeria’s Investors and Exporters foreign exchange window recorded approximately $26bn transactions in 2017, the FMDQ OTC Securities Exchange data revealed on Monday. The FX window was established by the CBN in April...

Emefiele Reiterates 5% Interest Rate To Boost Agric Processing The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele thursday reiterated the central bank’s readiness to make cheap funding available to farmers in the country at five percent for the procurement of agricultural processing equipment. Emefiele,...