This came from a Point of Order raised by the Senate Leader, Ali Ndume, over the continuos devaluation of the Naira
Browsing: Godwin Emefiele
He advised importers to restrict their imports to raw materials and equipment rather than finished products and food in order to reduce the pressure on the nation’s scarce foreign exchange
The Governor of the Central Bank of Nigeria, Godwin Emefiele, said this while briefing newsmen on the communique released after the 7th Annual Bankers Committee Retreat held in Lagos from December 10 to 11
He said operators in the banking industry must change, rethink and behave in ways that banks could support the SME sector
However, the Managing Director of Sytemspec Nigeria Limited, John Obaro, told the Senate committee probing the N25 billion commission collected by the company that there was contractual agreement on the deduction of one per cent from the TSA
Dino Melaye (Kogi West) had raised a motion on the floor of the Senate over alleged payment of N25 billion to an e-collection firm, REMITA, by a company called Systems Tech
The News Agency of Nigeria recalls that there were reports that the CBN had given three commercial banks until June 2016 to recapitalise after failing to meet required 10 per cent capital adequacy ratio
It is the first reduction in the headline cost of borrowing in more than six years
While the initial proceed said to have accrued from the deal was given as N25 billion, the Leader of the Senate, Ali Ndume, said it has risen to as much as N60 billion
The FRC had, amongst others, sacked four directors of Stanbic IBTC, including its Chairman, Atedo Peterside, for alleged infractions
“The Vice President has been very clear on this and let me further reiterate our position at the CBN that we are not considering any further depreciation of the currency
The House of Representatives on Tuesday summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to explain the…
The Senate on Wednesday passed a resolution summoning the Governor of the Central Bank of Nigeria, Godwin Emefiele, to appear…
Emefiele, who paid a courtesy visit to the President of the Senate, Dr. Bukola Saraki, frowned at the way and manner officials of the past administration granted import waivers to their cronies and friends on various products such as rice and sugar
The Federation Account Allocation Committee held an extraordinary meeting on Monday to share the revenue received from the Nigerian Liquefied…
Godwin Emefiele, the CBN governor, kicked against the plan at a Senate Committee on Banking, Insurance and other Financial Institutions hearing on Amendment of NDIC Act on Monday in Abuja
Ughelli generating company received N3.91 billion, Egbin got N5.10 billion and Geregu company had N938.99 million
Emefiele said: “I think it is important for me to review the news on JP Morgan Index team to place Nigeria on a negative watch for the next three to five months
Emefiele told newsmen during the MPC meeting that the committee was of the view that the rate, which was fixed in November 2014, needed time to have the desired impact on the nation’s economy
According to the CBN, the figure represents an increase of $20 million (N3.36 billion) from the $34.47 billion (N5.79 trillion) recorded on December 31, 2014