Home Tag "Godwin Emefiele"

CBN Urges Private Sector, Non-oil Businesses to Exploit $666.2bn AfCFTA Trade Opportunities

The Central bank of Nigeria (CBN) has enjoined the Nigerian private sector, particularly firms in the areas of manufacturing, ICT, agriculture,financial services and other non-oil sectors to expand into new markets and seek export opportunities in the African Continental Free Trade Agreement (AFCFTA) projected to give Nigerian firms preferential access to markets in Africa worth […]

CBN Put Sugar, Wheat On FX Restriction List

The Central Bank of Nigeria has announced plans to place sugar and wheat on its FX restriction list. The plan was disclosed by the apex bank via its verified Twitter handle in a statement credited to the CBN governor, Godwin Emefiele. The tweet stated: “Sugar and Wheat to go into our FX restriction list. We must […]

States To Start Paying Back Loans Says Emefiele

State governments will start paying back the loans provided to them between 2015 and 2016 by the Central Bank of Nigeria (CBN). The apex bank granted the loans to states as budget support facilities within the period, the CBN Governor, Godwin Emefiele, said during a visit to Nasarawa State. He stated this during a session […]

CBN to Introduce Rebate for Funds Remitted to Nigeria through IMTO, March 8

The Central Bank of Nigeria wilk on the 8th of March introduce a rebate of N5 for every $1of fund remitted Nigeria, through International Money Transfer Organization (IMTO). The central bank governor, Godwin I. Emefiele disclosed this in his keynote address at the Fidelity Bank’s inaugural Diaspora Webinar on the Implementations and Impact of the new […]

Weekly Diaspora Remittances have Reached $30m –Emefiele

The Central Bank Governor, Godwin Emefiele, has said that weekly diaspora remittances rose from $5m to $30. He noted that the initiatives introduced by the Central Bank of Nigeria to boost forex in the country were yielding result. Emefiele spoke during the CBN/Bankers Committee’s initiative for economic growth which was organised with Vanguard on Friday. […]

Using Coordinated Policy Approach to Stimulate Growth

Nigeria is currently grappling with the second recession in five years, a crisis triggered by the coronavirus outbreak. The crisis calls for fiscal discipline. The country had failed to take advantage of the ‘boom cycles’ of its major resource – crude – to build a stable economy. Nigeria, like some oil-exporting countries, depends largely on […]

CBN expects $2bn diaspora remittances monthly, says Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, said the target of the CBN is for the country to attract about $2bn monthly as remittances from citizens in diaspora. Emefiele’s position is coming after the apex bank introduced its new Diaspora Foreign Exchange Remittances Policy. The CBN boss told journalists during […]

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