Godwin Emefiele: FX I&E Window has Attracted $50 Billion in Investments in 3 Years

Godwin Emefiele -MPC Meeting

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on Monday disclosed that the bank’s Investors and Exporters (I&E) Forex window, which was created to enable investors and exporters to purchase and sell foreign exchange at the prevailing market rate, has attracted over $50 billion in investments to the country within three years. Click here […]

CBN to Boost Cocoa, Sesame Exports with N21bn Disbursement | Punch NG

Godwin - Cocoa Exports

The Central Bank of Nigeria (CBN) has disbursed N21bn in order to boost the production and export of cocoa and sesame seeds. Godwin Emefiele, the Governor of CBN, disclosed this at the last Monetary Policy Committee while reviewing the performance of the intervention schemes targeted at stimulating productivity in agriculture, manufacturing, industries, energy, infrastructure, healthcare, […]

Godwin Emefiele Pushes for Local Production of Military Uniforms

Godwin Emefiele - Military Uniforms

As published by ‘Vanguard’, Godwin Emefiele, the Governor of CBN, is pushing to boost local production of military uniforms. That endeavor has recently received a boost as the Defence Industries Corporation of Nigeria, DICON, and Sur Corporate Wear Nig. Ltd entered into a joint venture Public-Private Partnership, PPP, for the production of all military uniforms […]

The Apex Bank Saved the Nigerian Power Sector

Power Sector - CBN

The Central Bank of Nigeria (CBN) has disbursed over N1.3 trillion to support the power supply to Nigerians in the last five years. Experts insisted that the sector would have collapsed without loans and interventions by the apex bank noted that it was high time for the sector to stand on its own. CBN had […]

THE WILL: Telecoms Growth Drives Emefiele’s Financial Inclusion Agenda

Godwin Emefiele - Telecoms

The exponential growth of the telecommunications industry which manifested after rebasing the economy in April 2014, accounts majorly for the recovery seen after the headwinds of COVID-19 and two recessions. The National Bureau of Statistics reports showing that the telecoms group which dominates the ‘Information and Communication sector,’ has recorded significant improvement both in growth […]

The 3rd MPC Meeting of 2022 – Godwin Emefiele’s Full Speech

Godwin Emefiele -MPC Meeting

Governor of the apex bank, Godwin Emefiele, at the end of the two-day MPC meeting, the 3rd MPC meeting of 2022, stressed that the move to increase CBN’s interest rate is in response to the global inflationary pressures. Watch the full speech in the following video by CNBC Africa. https://www.youtube.com/watch?v=uCSFqriiZE8&ab_channel=CNBCAfrica

The Central Bank has Disbursed N1tn in Loans to Farmers

CBN - Loans to Farmers

As published by ‘Punch NG’ the Central Bank of Nigeria, led by Governor Godwin Emefiele, has disbursed a total of N1.01tn under the Anchor Borrowers Programme, by the end of April. Figures obtained from the CBN’s reports from members of its Monetary Policy Committee said, “Between January and February 2022, the bank disbursed N29.67bn under […]

CBN Pledges Support for CIBN, Inaugurates Bankers’ House

Godwin - CBN

The Central Bank of Nigeria, led by Governor Godwin Emefiele, has pledged support to the Lagos State chapter of the Chartered Institute of Bankers of Nigeria (CIBN). The CBN Lagos Branch Controller, Mr. Bariboloka Kayor, made this statement in Lagos during the ground-breaking ceremony of the CIBN multi-level Lagos Bankers House. Kayor thanked the branch […]

Emefiele: eNaira has Deepened Nigeria’s Payment System Infrastructure

eNaira

The Governor of the Central of Nigeria, Godwin Emefiele, has said the introduction of the Central Bank Digital Currency, eNaira is one piece of evidence of the fact that Nigeria’s payment system has been deepened under his leadership. The governor made the remarks in his Abuja office when he received officials from the Bank of […]

Godwin Emefiele: CBN will Achieve 85% Financial Inclusion Soon

Godwin Emefiele - Vanguard

As reported by ‘Vanguard’, Godwin Emefiele, the Governor of the Central Bank of Nigeria, has recently expressed optimism that the apex bank would soon achieve the 85 percent financial inclusion rate target in Nigeria. According to him, the nation’s current rate is slightly below 70 percent. The statement was made by Emefiele at the headquarters […]