The week ahead – A light has appeared at the tunnel’s end

The CBN has finally let go of pegs on the naira, allowing the market forces to determine the true value of the local currency against other currencies across the world. Godwin Emefiele, governor of the CBN, said that the bank will operate a single trading window, which will take off on June 20, 2016, adding... Read More

CBN, dollar, Godwin Emefiele, naira, NBS, SBM Intelligence

June 16, 2016

A citizen’s guide to the new CBN forex policy

Governor of the Central Bank of Nigeria, Godwin Emefiele, on Wednesday, June 15, announced the new flexible exchange rate market. To many Nigerians who don’t fully grasp the complexities of the forex market, below is a simplified guide – from the Presidency – which would help with a better understanding. The market shall operate as... Read More

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CBN, exchange rate, forex policy, Godwin Emefiele, nigeria

May 16, 2016

Opinion: Feyi Fawehinmi reviews Buhari’s one year of handling the economy

by Feyi Fawehinmi *This is the third of a 3-part series Let us first set out the marking scheme. Anti-corruption carries 15 marks. Security carries 15 marks. The Economy carries 70 marks. To pass this exam, you must score 40 marks at least. Yes, because a bad economy cannot reduce corruption or insecurity — it must necessarily... Read More

2019, Buhari, central bank of Nigeria, economy, Godwin Emefiele, Marketers, markets, nigeria, nnpc, Oil, Osinbajo, subsidy

April 21, 2016

‘Remove Emefiele’ | 10 individuals sue CBN governor for fraud, money laundering…

Ten individuals have filed a suit before an Abuja Federal High Court asking for the criminal prosecution of the Governor of the Central Bank of Nigeria, Godwin Emefiele, for money laundering and fraud. The suit was filed by Ezenwa Ibegbunam on behalf of Achilike Anderson and nine others. Hearing on the suit has been slated... Read More

The News Blog

CBN Governor, Emefiele, Godwin Emefiele, president, remove, suit

February 26, 2016

Budget padding: Adeosun, Udoma Udoma, others to be summoned by House of Reps

Minister of Finance, Kemi Adeosun and the Minister of Budget and Planning, Udoma Udo Udoma, will soon be invited by the House of Representatives Appropriations Committee, to explain the inconsistencies, errors in the 2016 budget proposal. The committee would also invite Godwin Emefiele, Governor of Central Bank of Nigeria, Accountant General of the Federation and... Read More

The News Blog

Budget padding, Godwin Emefiele, House of Reps, Udoma Udoma

February 12, 2016

Opinion: The fiddling, fumbling Godwin Emefiele

The number one banker in a West African nation is currently fiddling with his country’s currency whilst it’s economy burns. He is doing it exactly the same way Emperor Nero fiddled with his fingers hundreds of years ago whilst Rome was burning to ashes. Godwin Emefiele, the CBN Governor of Nigeria is the villain I’m... Read More

CBN, economy, Godwin Emefiele

August 11, 2015

Godwin Emefiele is the real enemy

Not $200 dates or men who refuse to understand feminism, the CBN Governor is the evil we must fight. In the new arrangement, all ATMs that were hitherto enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs to N60,000 per day while foreign currency is $300 per... Read More

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CBN, Godwin Emefiele, Naira withdrawal limit

July 31, 2015

#YNaijaExplains: Why are some banks rejecting forex deposits?

One of the favourite past times of Nigerians over the last few months has been the daily check of exchange rates. Every new low of the Naira against either the Dollar or Pound has brought with it weeping and gnashing of teeth from those who have to deal regularly in foreign exchange for either personal... Read More

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CBN, dollar, foreign exchange, Godwin Emefiele

April 30, 2015

Opinion: CBN again limits our freedom to our hard earned money

by Peregrino Brimah With this new restriction we must explain every penny our family and friends in America wire to us to help them build their houses in Nigeria or to simply save or invest for them in Nigeria; or to pay school fees of their wife and girl friends. Dear fellow Nigerian masses, In... Read More

central bank of Nigeria, Godwin Emefiele

March 28, 2015

Femi Falana: The ‘dollarization’ of the Nigerian economy must be stopped

by Femi Falana Nigeria has become the largest importer of the United States dollars in the world neither the International Monetary Fund (IMF) nor the World Bank has ever questioned the reckless devaluation of the economy. In an address which I delivered last Saturday (March 21, 2015) at the Life Theological Seminary, Ikorodu, Lagos State I criticized... Read More

CBN, central bank of Nigeria, dollarization, femi falana, Godwin Emefiele, ngozi okonjo iweala

March 11, 2015

CBN plans to ban errant exporters

Godwin Emefiele, the Governor of Central Bank of Nigeria [CBN] has said the regulator is prepared to enforce the repatriation of dollar-proceeds from exports and is planning sanctions against those not complying. Nigeria, Africa most populous nation and largest economy, has seen a more than 50 percent drop in global oil prices lead to over... Read More

CBN, Exporters, Godwin Emefiele

December 11, 2014

Wahala dey! Nigeria’s FX reserves down 19.5% to $35.8bn

by Tunji Andrews Indications of the official website of the Central Bank of Nigeria, has indicated that the country’s external reserves fell to $35.8bn on December 9, down 19.5%, down from the $44.5bn it was at same period in 2013. Off the back of the CBN’s intense defence of the Naira, which has seen the... Read More

CBN, crude oil, Foreign Reserves, Godwin Emefiele, inflation, nigeria

December 6, 2014

@cenbank committed to deepening financial inclusion – Governor Emefiele

by Tunji Andrews The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, CON has restated the commitment of the Bank to ensuring the provision of affordable financial services to the low income and under-served active adult population. Mr. Emefiele made the assertion in a keynote address at the 2014 Financial Inclusion Conference organized... Read More

CBN, central bank of Nigeria, Financial inclusion conference, Godwin Emefiele, Modupe Ladipo

November 25, 2014

#Naira loses 8% of its value after @cenbank meeting

by Tunji Andrews The Central Bank of Nigeria, via the Monetary Policy Committee, in line wind the growing head winds from the shock in global crude oil prices; which has also seen the value of the Naira fall to a 2 year low, has unanimously decided to devalue the Naira, in a bid to preserve... Read More

central bank, Godwin Emefiele, naira, nigeria

November 12, 2014

President Jonathan unveils new N100 notes (PHOTOS)

by Laila Ibrahim President Goodluck Jonathan formally unveiled the new N100 commemorative notes at the Presidential Villa, Abuja today. The unveiling ceremony was held during the weekly Federal Executive Council meeting, where Vice President Namadi Sambo and the Central Bank of Nigeria’s Governor, Godwin Emefiele, joined the President to unveil the note. CBN Boss, Emefiele stated... Read More

The News Blog

central bank of Nigeria, commemorative notes, Federal Executive Council, Godwin Emefiele, N100, Namadi Sambo, President Goodluck Jonathan

October 14, 2014

Can the new @cenbank policies strenghten the banks?

by Tunji Andrews The Central Bank Governor, Mr Godwin Emefiele, has announced that the apex bank would continue to make policies that would strengthen the nation’s banking sector. Emefiele said this in Washington DC when he briefed newsmen on the outcomes of the Annual Meetings of the World Bank and IMF in Washington DC. This... Read More

The News Blog

banking, central bank of Nigeria, Finance, Godwin Emefiele, Washington D.C

August 26, 2014

Does Elumelu’s return to UBA signal the start of a reversal of hurricane Sanusi?

by Tunji Andrews In an interesting twist which many industry analysts feel may open the door for more comebacks, the Board of Directors of United Bank for Africa Plc (UBA) have appointed Mr. Tony O. Elumelu as Chairman of the Board of Directors of UBA. Elumelu, who is also Chairman of Heirs Holdings, the pan-African... Read More

CBN, Godwin Emefiele, nigeria, Sanusi Lamido, Tony Elumelu, UBA

August 15, 2014

All hail the Bankers’ Governor!

by Tunji Andrews The emergence of Godwin Emiefele as the 11th governor of the central bank of Nigeria (CBN), marked the end of probably the most controversial CBN governorship in Nigeria. The man Emefiele succeeded, Mallam Sanusi Lamido Sanusi (now Emir of Kano)- was on suspension, months before his first tenure in office was even... Read More

atm, BDC, CBN, Finance, Godwin Emefiele, interest rates, Nejeeb Bello, nigeria, Sanusi Lamido, Zenith bank

August 14, 2014

Bank charges are back – CBN imposes N65 charge on ATM withdrawals [What does it mean to you?]

by Tunji Andrews The direct implication on the bank customer, who is already being charged for over the counter withdrawals below N20,000, is that he may have to hold on to more cash to avoid having to seek out ATMs. Customers, are however advised to stick to ATMs of their banks if they seek to... Read More

atm, bank, CBN, economy, Godwin Emefiele, nigeria, Sanusi Lamido

July 23, 2014

Your bank still gets loans from CBN at 12%, then lend to you at xxx

By Tunji Andrews The Monetary Policy Committee (MPC) has retained the lending rate (MPR) at 12% after its meeting on Tuesday in Abuja. The Central Bank Governor, Godwin Emefiele, said the committee, after considering global economic indicators also retained Cash Reserve Requirement (CRR) of public sector fund at 75% and that of private sector at... Read More

Bank loan, CBN, Central Bank governor, central bank of Nigeria, economy, Godwin Emefiele, liquidity ratio, Loan application

July 2, 2014

Opinion: New challenges facing the Central Bank of Nigeria

by Ifeanyi Uddin To be fair to his critics, the new CBN governor did not dimension his tasks this lucidly. For the most part, he came across like a low-level treasury apparatchik. This month the Central Bank of Nigeria’s (CBN) rate-setting committee (the Monetary Policy Committee — MPC) meets for the first time under its... Read More

central bank of Nigeria, challenges, Godwin Emefiele, Ifeanyi Uddin, monetary, opinion, treasury, ynaija

April 28, 2014

Opinion: Setting the agenda for new CBN Governor

by Eze Onyekpere He has to co-opt stakeholders to facilitate the maintenance of the status quo in the extant CBN Act. The CBN needs this autonomy to effectively discharge its functions. The new governor of the Central Bank of Nigeria, CBN, has a lot of challenges to inherit from the former leadership.... Read More

Agenda, CBN, central bank of Nigeria, confidence, Eze Onyekpere, Godwin Emefiele, Governor, opinion, ynaija

August 12, 2013

Opinion: The disingenuity of Nigerian banks

by Ijeoma Nwogwugwu In my mind, there is no justification for the interest rates charged by Nigerian banks. For almost two years, the CBN, as a result of the expansionary fiscal stance of the federal government, has kept the monetary policy rate (MPR) unchanged at 12 per cent. Nigerian commercial banks are crying out over... Read More

Cashless policy, central bank of Nigeria, Commercial banks, Godwin Emefiele, ijeoma nwogwugwu, Interest, Kehinde Durosinmi-Etti, opinion, public sector funds, Skye Bak plc, ynaija, Zenith Bank plc

The week ahead – A light has appeared at the tunnel’s end

A citizen’s guide to the new CBN forex policy

Opinion: Feyi Fawehinmi reviews Buhari’s one year of handling the economy

‘Remove Emefiele’ | 10 individuals sue CBN governor for fraud, money laundering…

Budget padding: Adeosun, Udoma Udoma, others to be summoned by House of Reps

Opinion: The fiddling, fumbling Godwin Emefiele

Godwin Emefiele is the real enemy

#YNaijaExplains: Why are some banks rejecting forex deposits?

Opinion: CBN again limits our freedom to our hard earned money

Femi Falana: The ‘dollarization’ of the Nigerian economy must be stopped

CBN plans to ban errant exporters

Wahala dey! Nigeria’s FX reserves down 19.5% to $35.8bn

@cenbank committed to deepening financial inclusion – Governor Emefiele

#Naira loses 8% of its value after @cenbank meeting

President Jonathan unveils new N100 notes (PHOTOS)

Can the new @cenbank policies strenghten the banks?

Does Elumelu’s return to UBA signal the start of a reversal of hurricane Sanusi?

All hail the Bankers’ Governor!

Bank charges are back – CBN imposes N65 charge on ATM withdrawals [What does it mean to you?]

Your bank still gets loans from CBN at 12%, then lend to you at xxx

Opinion: New challenges facing the Central Bank of Nigeria

Opinion: Setting the agenda for new CBN Governor

Opinion: The disingenuity of Nigerian banks

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