Podcasts about godwin emefiele

Judge Fix Date To Remove Self Or Continue Ex CBN Governor Emefiele's Casehttps://osazuwaakonedo.news/judge-fix-date-to-remove-self-or-continue-ex-cbn-governor-emefieles-case/25/02/2025/#EFCC #cbn #Emefiele ©February 25th, 2025 ®February 25, 2025 7:30 am One of the numbers of courts used by the Federal Government under the leadership of President Bola Ahmed Tinubu to challenge the operational activities and exercise of authorities by the former Governor of Central Bank of Nigeria, CBN, Godwin Emefiele has fixed February 26, 2025 to rule on recusal application filed by the embattled ex CBN governor after the Special Offences Court judge was accused of being biased and unfair in his handling of the case before the court sitting in Lagos state, this is coming after another court ordered final forfeiture of billions of naira worth of properties allegedly linked to the most troubled, investigated, humiliated and detained ex governor of CBN in Nigeria history. #OsazuwaAkonedo

Sowore, EFCC Throw Jabs Over Emefiele, Zenith Bank DGM Linked 753 Houseshttps://osazuwaakonedo.news/sowore-efcc-throw-jabs-over-emefiele-zenith-bank-dgm-linked-753-houses/05/12/2024/#EFCC #Abuja #Bank #Cadastral #cbn #Emefiele #Godwin #Lokogoma #Omoyele #Sowore #Zenith ©December 5th, 2024 ®December 5, 2024 5:49 pm Founder of SaharaReporters news network, Omoyele Sowore and Economic and Financial Crimes Commission, EFCC on Tuesday took to social media to throw jabs or insults, criticisms at each other after EFCC refused to mention the names of the ex top government official who was allegedly linked with the 753 houses Federal High Court in Abuja ordered the properties final forfeiture to Federal Government, and the exchange of words forced Sowore to make public court affidavit which EFCC investigative officer sworn before the court on November 21, 2024 and alleged that the 753 houses were probably acquired by the former Central Bank of Nigeria, CBN Governor, Godwin Emefiele apparently from the kickbacks he was fraudulently collecting from the Apex bank contractors with close working with Zenith Bank Deputy General Manager, Ifeanyi Collins Omeke to acquire the properties. #OsazuwaAkonedo

Court Rules On $2.045m Linked To Emefiele Nov 1 https://osazuwaakonedo.news/court-rules-on-2-045m-linked-to-emefiele-nov-1/12/10/2024/ #Law #Abuja #cbn #EFCC #Emefiele #Godwin #Lagos #Naira #news ©October 12th, 2024 ®October 14, 2024 6:52 am Federal High Court sitting in  Lagos State has fixed November 1, 2024 to rule on the application brought before it by the Economic and Financial Crimes Commission, EFCC for the final forfeiture of the properties and monies linked to the former Central Bank of Nigeria, CBN Governor, Godwin Emefiele who is currently facing series of lawsuits at different courts across the country over his administrative behaviours and operational decisions while he was the apex bank governor in the West Africa country. #OsazuwaAkonedo

Maudu'in na wannan rana ya mayar da hankali ne, kan rahoton da kwamitin shugaban Najeriya ya fitar game da badakalar da aka samu tsohon shugaban babban bankin kasar, Godwin Emefile, da aikatawa na bude asusun bankuna sama da 500 a kasashen waje. Sai dai, Godwin Emefiele, ya yi watsi da rahoton binciken da ya bayyana cewar ya bude asusun bankuna har guda 593, wadanda yayi amfani da su wajen boye makudaden kudaden gwamnati da niyyar yin kwanciyar magirbi akansu.Cikin sanarwar da ya fitar a ranar Lahadi, Emefiele, wanda aka bayar da belinsa a ranar Juma'a, ya ce tuni ya bai wa lauyoyinsa umarnin shigar da kara kan rahoton da yace babu abinda ya kunsa sai karairayi domin bata masa suna.SHiga alamar sauti, domin sauraron cikakken shirin da Nasiruddeen Muhammad ya gabatar.

A Najeriya, sakamakon da Jim Obazee, wanda shugaba Bola Ahmed Tinubu ya nada domin binciken yadda tsohon gwamnan Babban Bankin Kasar Godwin Emefiele ya gudanar da ayyukansa ya fitar, na ci gaba da haifar da muhawara a tsakanin jama'a. Tuni dai bankin na CBN ya fitar da wata sanarwa da ke yin kira ga jama'a da su kwantar da hankulansu, domin kuwa ba abin da zai shafi kudadensu da ke ajiye a bankunan da rahoton mai binciken ke cewa tafka kura-kurai wajen sayar da hannayen jarinsu.Abdoulkarim Ibrahim Shikal ya zanta da masani tattalin arziki Shu'aibu Mikati, a game da wannan rahoto da kuma abubuwan da ya kunsa.Ku latsa alamar sauti domin sauraren cikakkiyar zantawarsu.

In this episode of the Mic on Podcast, Seun Okinbaloye raises thought-provoking questions concerning the various accusations against former CBN Governor, Godwin Emefiele, following the magnitude of the monies involved. The podcast also navigates through a comprehensive legal and economic analysis as well as consequences and concerns of systemic corruption in Nigeria's financial landscape. Guests: Paul Alaje (Economist) Liborous Oshoma (Lawyer)

Ex-CBN Governor Emefiele Leaves Kuje Prison ~ OsazuwaAkonedo ##KujePrison #Buhari #cbn #Emefiele #Godwin #Muhammadu #Naira #Redesign #Sabiu #Tunde https://osazuwaakonedo.news/ex-cbn-governor-emefiele-leaves-kuje-prison/23/12/2023/ Embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele has been released from the Kuje Correctional Centre after meeting up with his bailbail --- Send in a voice message: https://podcasters.spotify.com/pod/show/osazuwaakonedo/message

With the former CBN Governor, Godwin Emefiele undergoing trial over allegations of corruption, what do you make of the current administration's posture on the war against corruption? What are some of the ways citizens can support government initiatives on anti-corruption, economic growth and others? Ponsah Fanap and Gilbert Joseph would like to get your feedback on these and other issues as they talk to Mr. John Kelle on Nigeria at Sunset. --- Send in a voice message: https://podcasters.spotify.com/pod/show/jay-fm-podcast/message

DSS Disregards Court Ruling, Rearrests Godwin Emefiele ~ OsazuwaAkonedo #Bichi #cbn #Dss #Emefiele #Godwin #Governor #NCS #OsazuwaAkonedo #Tinubu #Yusuf https://osazuwaakonedo.news/dss-disregards-court-ruling-rearrests-godwin-emefiele/26/07/2023/ Department of State Services, DSS, has disregarded and brushed aside the ruling of Federal High Court in Ikoyi, Lagos State on Tuesday and beat up men of thethe --- Send in a voice message: https://podcasters.spotify.com/pod/show/osazuwaakonedo/message

It was pandemonium yesterday at the Federal High court Ikoyi as the DSS and NCS officials struggled for who'd take custody of Former CBN Governor Godwin Emefiele after he was granted bail by the court. On Let's Talk, Abigail Siman and Emeka Umesi will be speaking to Luka Panpe and Ufuoma Egbamuno on the battled ex CBN governor and the continuous internal wrangling within political parties in Nigeria. Is the DSS right for taking Godwin Emefiele in their custody after he was granted bail by the court? Do you think there is a hidden agenda behind the action of the DSS?  --- Send in a voice message: https://podcasters.spotify.com/pod/show/jay-fm-podcast/message

Gwamnatin Najeriya ta yi karin haske akan dalilin ci gaba da tsare tsohon Gwamnan Babban Bankin Najeriya, Godwin Emefiele da tsohon shugaban EFCC Abdurasheed Bawa. Mai Magana da yawun shugaban kasa Bola Ahmed Tinubu AbdulAziz AbdulAziz, ya yi bayani akai yayin tattaunawarsu da Bashir Ibrahim Idris, lokacin da ya ziyarci RFI Hausa, inda ya bayyana cewar sabuwar gwamnatin na daukar matakai masu tsauri domin samun ci gaba.

Suspended CBN Governor Godwin Emefiele Gets ₦20m Bail ~ OsazuwaAkonedo #Bola #cbn #Dss #Emefiele #FG #Godwin #OsazuwaAkonedo #Tinubu https://osazuwaakonedo.news/suspended-cbn-governor-godwin-emefiele-gets-%e2%82%a620m-bail/25/07/2023/ Federal High Court sitting in Ikoyi, Lagos State has ruled that the Federal Government was served the bail application filed by the suspended Central Bank ofof --- Send in a voice message: https://podcasters.spotify.com/pod/show/osazuwaakonedo/message

During a visit to the Defense Headquarters yesterday alongside his Zamfara state counterpart, Dauda Lawal, the COAS, Taoreed Lagbaja among other things urged Governor Caleb Mutfwang to hold a sincere dialogue with all stakeholders in order to find a solution to the challenge of insecurity in his domain. Do you agree that dialogue is the way forward or military action is should be adopted all the way. With the Federal High court Abuja asking the DSS to either charge former CBN governor, Godwin Emefiele to either charge him to court or let him go free, do you think the Tinubu administration would uphold the rule of law or turn blind eye in this regard? Gilbert Joseph will be discussing the state of the Nation with Associate Prof. Taye Obateru. --- Send in a voice message: https://podcasters.spotify.com/pod/show/jay-fm-podcast/message

Nigerian President Bola Tinubu has been in office for just over a month. During this time significant economic and policy shifts have been executed such as the scrapping of petrol subsidies and firing Godwin Emefiele as Central Bank Governor. Business Day TV assessed Tinubu's first month in office with Pieter Scribante, Political Economist at Oxford Economics Africa.

Au Nigeria, le nouveau président, Bola Tinubu, enchaîne les réformes chocs depuis son investiture. Parmi ces mesures, la suspension du gouverneur controversé de la Banque centrale du Nigeria, Godwin Emefiele, continue de faire du bruit. Ce proche de l'ancien président Muhammadu Buhari fait face à plusieurs accusations criminelles. Sur les réseaux sociaux, de fausses informations sont présentées comme des preuves dans le cadre d'une vaste campagne de dénigrement. Des millions de dollars ont-ils été retrouvés chez Godwin Emefiele quelques jours seulement après son arrestation ? C'est ce que prétend montrer, à tort, une vidéo publiée sur les réseaux sociaux. Durant vingt-sept secondes, on y voit deux hommes en train de trier et de compter des centaines de liasses de dollars américains. À en croire la légende, cette scène montrerait la DSS, la police secrète nigériane, en pleine saisie au domicile de l'ancien gouverneur de la Banque centrale du Nigeria. Un récit fallacieux qui est massivement partagé sur Twitter, TikTok ou encore WhatsApp.Après vérification, ces images n'ont rien à voir avec l'arrestation de Godwin Emefiele, ni même avec le Nigeria. Grâce à une recherche d'image inversée, on sait que cette vidéo a été filmée au Soudan en 2019. Selon des médias soudanais, elle montre une perquisition menée par les services de renseignement chez leur ancien président, Omar el-Béchir, où l'équivalent de plus de 100 millions de dollars avaient été retrouvés.Une version confirmée par les images. En zoomant sur l'une des liasses de billets visibles au début de la vidéo, on remarque un bandeau blanc portant la mention « Central Bank of Sudan ». Questionné sur cette vidéo, le porte-parole de la police secrète nigériane a confirmé au média Legit qu'il s'agissait d'une infox.Désinformer pour dénigrerCette infox n'est pas la seule visant à exagérer la richesse de Godwin Emefiele. Une vidéo montrant plusieurs voitures de luxe garées devant une maison a également été faussement attribuée à l'ancien banquier du Nigeria. Le narratif avancé est similaire, les véhicules auraient été trouvés au domicile de Godwin Emefiele après son arrestation. En réalité, la recherche par image inversée permet de retrouver cette même vidéo publiée le 10 juin 2023 dans un média nigérian. On y apprend que la scène montre la saisie par la police de plus de 40 véhicules chez Bello Matawalle, l'ancien gouverneur de l'État de Zamfara dans le nord du pays, et non pas chez Godwin Emefiele. Des infox à succèsSur les réseaux sociaux, ces vidéos détournées de leur contexte sont particulièrement populaires. Elles cumulent plusieurs millions de vues sur TikTok et Twitter notamment. Pour s'en rendre compte, il suffit d'écrire Emefiele dans la barre de recherche TikTok. Les résultats mis en avant sont, en grande majorité, de fausses informations.Ces infox ne sont pas un phénomène isolé au Nigeria. Elles s'inscrivent dans la continuité de ce que l'on a pu observer durant les élections générales, en février 2023, qui ont été gangrenées par la désinformation. Nos confrères de la BBC ont notamment montré comment les partis politiques nigérians ont secrètement payé des influenceurs pour diffuser de la désinformation sur leurs rivaux. Face à ce fléau, les journalistes locaux s'organisent et se structurent pour tenter d'enrayer la machine à infox.

Récits bibliques, mythologies de l'Antiquité regorgent d'allégories et imprègnent nos imaginaires. Pris au pied de la lettre, certains de ces narratifs sont aujourd'hui instrumentalisés par des groupes qui se réclament d'une archéologie dite « alternative », peu soucieuse de la science et de l'état d'avancement des travaux des archéologues. Notre invité, Jean-Loïc Le Quellec, est archéologue, spécialiste de l'art rupestre au Sahara. Dans son livre « Des martiens au Sahara, deux siècles de fake news archéologiques », il nous emmène sur les traces des plus grosses manipulations de l'histoire ancienne, et surtout il explique comment naissent ces infox, comment elles irriguent les récits complotistes des tenants d'une archéologie dite alternative ou romantique, aux antipodes de la science.  ***La chronique de Grégory Genevrier : Nigeria : L'arrestation de Godwin Emefiele ciblée par la désinformation.

Hosts: Ansel Lindner and Christian Keroles Watch this Episode: YouTube  ||  Rumble  Fed Watch is a macro podcast with a clear contrarian thesis of a deflationary breakdown of the financial system leading to bitcoin adoption. We question narratives and schools of thought, and try to form new understanding. Each episode we use current events to question mainstream and bitcoin narratives across the globe, with an emphasis on central banks and currencies.  Find all charts and links at bitcoinandmarkets.com/fed149 In this episode, Nolan and I discuss all the big news items of the week having to do with central banks and bitcoin. We start by talking about Bitcoin ETFs and the tidal wave of filings, we bring Producer Chris in to give his perspective as well, what it means for bitcoin. Next, we watch a couple Jerome Powell clips from his testimony in front of Congress, specifically his comments on "crypto" and CBDCs. At the end of the show, we discuss the collapse of the Chinese yuan (CNY) and what it can tell us about the state of, not only the Chinese economy, but also the global economy. In our Bitcoin ETF discussion, we hit on the curious timing of the Blackrock filing in relation to the SEC action against Coinbase and Binance, we speculate on the timing of any approval, its likelihood, and the whole Blackrock versus Grayscale debate. The CBDC discussion is an interesting one. Federal Reserve Chairman Powell was testifying in front of Congress and said very bluntly, they are not pursuing a retail CBDC. He did say, if they were to pursue a CBDC, which they are not at this time, it would be a wholesale type CBDC. The IMF managing director Kristalina Georgievahe came out the same day saying, the IMF is still, "working hard on the concept of a global CBDC platform," conflicting with earlier statements only a couple months ago said, "we think that wholesale CBDCs can be put in place with fairly little space for undesirable surprises, whereas retail CBDCs completely transform the financial system in a way that we don't quite know what consequences it could bring." Next, on the CBDC front, we cover the arrest of Central Bank of Nigeria Governor Godwin Emefiele, the designer behind the country's war on cash and disastrous CBDC rollout. We end the episode by looking into the Chinese yuan and discuss what we can learn about the current state of the global economy and what a failing China means going forward. Thanks for joining us! If you are reading this, hit the like and subscribe button! Constant updates on bitcoin and macro Free weekly Bitcoin Fundamentals Report Ansel Lindner On Twitter Christian Keroles On Twitter Powell video #1 Powell video #2 IMF “working hard on CBDCs" IMF "retail CBDCs don't look viable" Nigeria eNiara Failure and Godwin Emefiele arrest China issues If you enjoy this content please LIKE, SUBSCRIBE, REVIEW on iTunes, and SHARE! Written by Ansel Lindner Find More and Follow THIS EPISODE'S SPONSORS: River Bitcoin 2024 Nashville Bitcoin Magazine Bitcoin Magazine Pro Bitcoin Amsterdam

Nigeria's president urges patience after fuel subsidy upheaval+++Deaths mount after Sudan cease-fire expires, journalist tells DW+++Explainer: What constitutes child labor?+++How many hours do you regularly spend on your phone?

Ex-CBN Governor Godwin Emefiele Arrested, Faces Terrorism Financing, Political Instability ~ OsazuwaAkonedo #Adebisi #Bola #cbn #Dss #Emefiele #Folashodun #Godwin #Kidnappers #Shonubi #Terrorism #Tinubu https://osazuwaakonedo.news/ex-cbn-governor-godwin-emefiele-arrested-faces-terrorism-financing-political-instability/10/06/2023/ Few minutes after President Bola Ahmed Tinubu sacked Central Bank of Nigeria, CBN governor, Godwin Emefiele from office to pave way for ongoing investigationinvestigation --- Send in a voice message: https://podcasters.spotify.com/pod/show/osazuwaakonedo/message

Tinubu Sacks CBN GovernGovernoror Godwin Emefiele, Places Under Investigation ~ OsazuwaAkonedo #Bola #cbn #Emefiele #Godwin #Naira #OsazuwaAkonedo #Tinubu https://osazuwaakonedo.news/tinubu-sacks-cbn-governor-godwin-emefiele-places-under-investigation/09/06/2023/ President Bola Ahmed Tinubu of Nigeria has sacked the country apex bank Governor, Godwin Emefiele over ongoing investigation in the Central Bank of Nigeria, --- Send in a voice message: https://podcasters.spotify.com/pod/show/osazuwaakonedo/message

Adebisi Shonubi, Mechanical Engineer Takes Over As Acting CBN Governor ~ OsazuwaAkonedo #Adebisi #Ahmed #Bola #cbn #Emefiele #Folashodun #Godwin #Naira #OsazuwaAkonedo #Shonubi #Tinubu https://osazuwaakonedo.news/adebisi-shonubi-mechanical-engineer-takes-over-as-acting-cbn-governor/09/06/2023/ President Bola Ahmed Tinubu of Nigeria has directed the immediate past Governor of Central Bank of Nigeria, CBN, Godwin Emefiele to hand over the affairs ofof --- Send in a voice message: https://podcasters.spotify.com/pod/show/osazuwaakonedo/message

The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 50 basis points to 18. per cent. The CBN Governor, Godwin Emefiele, says the committee voted to keep the asymmetric corridor at +100 and -500 basis points around the MPR. The governor stated the slight increase is to mitigate the effect of inflation and other economic issues. He says the MPC committee voted to raise the MPR by 50 basis points to 18 per cent, and retain the asymmetric corridor at +100 and -500 basis points around the MPR.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4090160/advertisement

The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. The CBN Governor, Godwin Emefiele, stated that the funds were expended on 71 projects across healthcare, manufacturing and agriculture sectors. He says under the 100 for 100 Policy on Production and Productivity, the Bank has disbursed the sum of N20.78 billion to nine projects in healthcare, manufacturing, and services. The CBN fixed the maximum loan amount that a participant could get at N5bn.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4090160/advertisement

This episode is also available as a blog post: https://osazuwaakonedo.news/dss-wants-to-humiliate-cbn-governor-godwin-emefiele-out-of-office-ipob/07/02/2023/ Support this podcast with a small monthly donation to help sustain future episodes. Please use the links below: Support Via PayPal https://www.paypal.com/donate/?hosted_button_id=TLHBRAF6GVQT6 Support via card https://swiftpay.accessbankplc.com/OsazuwaAkonedo/send-money --- Send in a voice message: https://podcasters.spotify.com/pod/show/osazuwaakonedo/message

The Governor of the Central Bank, Godwin Emefiele insisted that the apex bank will not extend the deadline for swapping old naira notes with the newly redesigned ones. He says that the CBN and other stakeholders are already looking to address areas where there are pressures. He says they have had cases where some bank branches have some cash in their vaults and because there was no demand for them and asked central bank officials to move that money where there is pressure.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4090160/advertisement

The House of Representatives Adhoc Committee on the redesign of three naira notes has rejected the 10 days extension granted by the Central Bank of Nigeria for the swap of old N200, N500, and N1,000 bank notes. The Chairman of the Committee and the Majority Leader of the House, Alhassan Ado Doguwa, said the green chamber will proceed and sign an arrest warrant to compel the CBN Governor, Godwin Emefiele to appear before the committee. He says the new naira redesign policy is capable of frustrating the forthcoming 2023 general elections. He described the extension as a mere political gimmick to further deceive Nigerians and worsen their economic and social livelihood, insisting that the CBN governor must appear before or stand the risk of being arrested on the strength of legislative writs signed earlier by Speaker Femi Gbajabiamila.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4090160/advertisement

The Central Bank of Nigeria has extended the deadline for the use of the old notes till February 10. CBN Governor, Godwin Emefiele, explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old notes by 10 days. The CBN Governor also solicited the cooperation of all Nigerians in ensuring a hitch-free process for the implementation of the policy. Before the apex bank extended the use of the naira note, many Nigerians experienced difficulty in lodging their old banknotes.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4090160/advertisement

This episode is also available as a blog post: https://osazuwaakonedo.news/godwin-emefiele-resumes-work-cbn/16/01/2023/ Godwin Emefiele Resumes Work - CBN ~ OsazuwaAkonedo #2023Election #Dss #Emefiele #Godwin #Naira #OsazuwaAkonedo https://osazuwaakonedo.news/godwin-emefiele-resumes-work-cbn/16/01/2023/ Following speculations that the Central Bank of Nigeria, CBN Governor, Godwin Emefiele has been declared wanted by the Department of State Services, DSS over --- Send in a voice message: https://podcasters.spotify.com/pod/show/osazuwaakonedo/message

The CBN governor, Godwin Emefiele survived an arrest by the SSS. President Muhammadu Buhari left a cheering message for Nigerians in his last new year message. Catch up o all the important news that occurred in the past week.

The Governor of the Central Bank, Godwin Emefiele has found himself in heavy demand from Nigeria's secret police service leading to an obvious question as to who's after him. The Director General of the Peter Obi Campaign Council, Doyin Okupe announced his resignation from the role while President Jonathan's endorsement is being sought heavily. Get the breakdown of all this and more. Subscribe to Stomach Infrastructure here

The Chief Judge of the Federal High Court, Justice John Tsoho, has declined an application by the Department of State Services to arrest and detain the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele. Justice Tsoho, while declining the motion ex-parte filed by an applicant in the absence of the respondent, says the secret police did not provide any concrete evidence to substantiate its claims that Emefiele was involved in terrorism financing and economic crimes. The Judge noted that the name of the respondent was given simply as ‘Godwin Emefiele' without a material disclosure that he is the same person as the CBN Governor.

Nigerian Lawmakers insisted that the Central Bank of Nigeria must not proceed with its cash withdrawal policy. Although the CBN Governor, Godwin Emefiele, for the second time, failed to appear before the House, the lawmakers said their December 8 directive to the apex bank to put the policy on hold had not changed. The CBN indicated that beginning from January 9, 2023, the amounts individuals and corporate organisations could withdraw per week would not exceed N100,000 and N500,000, respectively. The Deputy Governor, Corporate Services, CBN, Edward Adamu, told the lawmakers that Emefiele was part of the entourage of President Muhammadu Buhari on an official trip to the United States.

The newly redesigned naira notes will go into circulation with Deposit Money Banks releasing the bills to their customers via over-the-counter payments. The President unveiled the redesigned notes across the N200, N500 and N1,000 denominations. The Governor of the Central Bank of Nigeria, Godwin Emefiele, had in October announced that apex bank would release re-designed naira notes by December 15, 2022. He also disclosed that the old notes would cease to be regarded as legal tender by January 31, 2023. Emefiele pointed out that the redesigning of the naira notes would help to curb counterfeit notes and reduce ransom payments to terrorists and kidnappers.

Political parties have kicked against the new cash withdrawal limits introduced by the Central Bank of Nigeria, stating that it could choke the political process. Parties including the Peoples Democratic Party, Social Democratic Party, Africa Democratic Congress and African Democratic Party contended that the policy would affect the fundraising required by the candidates to sustain their campaigns ahead of the 2023 elections. Governor Ahmadu Fintiri of Adamawa State had accused the CBN Governor, Godwin Emefiele, of targeting the political class with the new cash withdrawal limit which restricts over-the-counter cash withdrawal by individuals and companies to N100,000 and N500,000, respectively, per week. The CBN's Director of Banking Supervision, Haruna Mustafa, says withdrawals above the thresholds would attract processing fees of five per cent and 10 per cent, respectively, for individuals and corporate entities going forward.

Support this podcast with a small monthly donation to help sustain future episodes. Please use the links below: Support Via PayPal https://www.paypal.com/donate/?hosted_button_id=TLHBRAF6GVQT6 Support via card https://swiftpay.accessbankplc.com/OsazuwaAkonedo/send-money This episode is also available as a blog post: https://osazuwaakonedo.news/naira-redesign-new-currencies-now-with-banks-cbn-governor-speaks-as-he-introduces-super-agents/11/12/2022/ Naira Redesign: New Currencies Now With Banks - CBN Governor Speaks As He Introduces Super Agents ~ OsazuwaAkonedo #Agents #Cashless #cbn #economy #Emefiele #Godwin #Naira #OsazuwaAkonedo #Redesign #Super https://osazuwaakonedo.news/naira-redesign-new-currencies-now-with-banks-cbn-governor-speaks-as-he-introduces-super-agents/11/12/2022/ Central Bank of Nigeria, CBN Governor, Godwin Emefiele has announced that the newly redesigned 200, 500 and 1,000 naira notes have been distributed and --- Send in a voice message: https://anchor.fm/osazuwaakonedo/message Support this podcast: https://anchor.fm/osazuwaakonedo/support

The House of Representatives has criticized the new policy introduced by the Central Bank of Nigeria which, among others, sets limits to cash withdrawals at Deposit Money Banks and other financial institutions. The House summoned the Governor of the CBN, Godwin Emefiele, to come and explain the policy to the parliament.This is based on a motion of urgent public importance moved by a member of the House, Aliyu Magaji, at the plenary on Thursday. Several lawmakers warned that the policy would have serious consequences and adverse effects on businesses and Nigerians who have no access to the banking system.

Human rights lawyer, Femi Falana, faulted the recent endorsement of the naira redesign by President Muhammadu Buhari, saying the policy may be declared illegal in court. The Central Bank of Nigeria earlier said it will redesign the N200, N500, and N1,000 notes to take control of the currency in circulation. The Minister of Finance, Budget and National Planning, Zainab Ahmed, said she wasn't consulted by the apex bank on the initiative, Buhari backed the CBN Governor, Godwin Emefiele, saying he is fully in support of the policy. Falana, says the President is expected to present a money bill to the National Assembly for approval before the actualisation of the policy.

President Muhammadu Buhari unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria. The CBN Governor, Mr. Godwin Emefiele debunked insinuations suggesting that the early unveiling of the new notes is a means to target some Nigerians. Mr. Emefiele appealed to members of the public, urging them to desist from making such speculation, adding that there is no need to perpetuate any such information. He says the CBN will intensify the monitoring process and interrogate the process of withdrawals. The president appealed to Nigerians and urged them to embrace the new policy to re-design the naira.

The Central Bank Of Nigeria is not going back on its decision to withdraw, redesign and reissue the higher denominations of naira banknotes despite a welter of opposition that has greeted the policy move. Last week Wednesday, the CBN announced that it has secured President Muhammadu Buhari's approval to redesign the N200, N500, and N1,000 paper currencies and that the new notes would be in circulation effective December 15, 2022. Godwin Emefiele, CBN governor, who made the announcement, noted that the decision, which is in line with sections 19, subsections a and b of the CBN Act 2007, was taken in order to control the currency in circulation, curb counterfeit notes, and check ransom payment to terrorists and kidnappers.

The International Monetary Fund has advised Nigeria to be careful in its plan to redesign and replace the naira. The Central Bank of Nigeria says the move will help the bank fight money laundering and insecurity. The governor of the bank, Godwin Emefiele, says the plan would allow the bank to mop up N2.73 trillion out of the N3.23 trillion currency in circulation that is outside the vaults of commercial banks. A former deputy governor of the CBN, Kingsley Moghalu, says the duration allowed by the bank is short and could create huge operational pressure on banks and some traders may prematurely reject the existing currency notes once the new ones come into circulation.

The Central Bank of Nigeria says it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from December 15, 2022. The CBN boss says the action was taken in order to take control of the currency in circulation, Emefiele stated that the apex bank has secured the approval of President Muhammadu Buhari to roll out new notes to replace the existing currency in circulation.

This episode is also available as a blog post: https://osazuwaakonedo.news/cbn-governor-godwin-emefiele-and-his-fake-dollar-comment/23/07/2022/ CBN Governor Godwin Emefiele And His Fake Dollar Comment ~ OsazuwaAkonedo ##################2023Election ##Buhari ##Dollar ##Fraud ##Godwin ##goods ##Muhammadu ##Naira ##Nigerians #banks #cbn #Emefiele #Inflation #OsazuwaAkonedo #Services We have watched with disappointment, statements credited to the current Central Bank of Nigeria Governor, Godwin Emefiele over the buying of dollar with naira --- Send in a voice message: https://anchor.fm/osazuwaakonedo/message Support this podcast: https://anchor.fm/osazuwaakonedo/support

The Monetary Policy Committee of the Central Bank of Nigeria has voted unanimously to raise the Monetary Policy Rate to 13 per cent. CBN Governor, Godwin Emefiele, says the sharp rise in inflation across both the advanced and emerging market economies has generated growing concerns among central banks as the progressive rise in inflation driven by rising aggregate demands and wage growth has put sustainable pressure on price levels. He says consequently, the major central banks such as the U.S. Fed, the Bank of England, European Central Bank, and Bank of Canada have provided strong guidance of a progressive shift away from monetary policy accommodation to drive market interest rate which may ultimately impact capital flows away from emerging market economies.

A Federal High Court in Abuja has refused the Governor of the Central Bank of Nigeria, Godwin Emefiele's request to restrain the Independent National Electoral Commission, and the Attorney General of the Federation Abubakar Malami preventing him from his Presidential Ambition. The CBN Governor through his Counsel, Mike Ozekhome, told the court that Section 84 ((12) of the Electoral Act as amended, 2022 does not affect him, being a public servant and not a political appointee. The Judge also ordered the defendants to appear before him on May 12 to show cause why the CBN Governor's request should not be granted.

Central Bank of Nigeria Governor, Mr Godwin Emefiele, defended the apex bank's managed-float exchange rate system, stressing that it was adopted to address the peculiar challenges the country faces. Emefiele reiterated that he was focused on his job and remains committed to supporting the fiscal authorities in ensuring that the country surpasses the 3.4 per cent Gross Domestic Product for 2022, which had been predicted for Nigeria by the International Monetary Fund. The CBN Governor stressed that different countries have different challenges and must develop solutions that would help address their challenges.

President Muhammadu Buhari inaugurated the $2.5 billion Dangote fertiliser plant yesterday in Lagos, with an assurance that the country was poised to end its massive dependence on imported agricultural products soon. Central Bank of Nigeria Governor, Mr Godwin Emefiele, stressed that the fertiliser plant was well-timed considering recent developments on the global scene. The president declared that the plant would further advance his administration's drive towards self-sufficiency in food production in the country. He says the country also stands to gain extensively in foreign exchange earnings from the fertiliser factory.

The Central Bank of Nigeria has projected that the Nigerian economy will grow by 3.24 per cent in 2022, in spite of rising inflationary challenges occasioned by global socio-economic events. Mr Godwin Emefiele, the CBN Governor, says the International Monetary Fund also projected the economy to grow at 2.7 per cent, while the Federal Government projected a 4.21 per cent growth. Emefiele, however, says the MPC was concerned about the impact the global increase in petroleum and other products was having on the Nigerian economy. He urged the Nigerian National Petroleum Corporation to take urgent steps to ensure adequate supply of petroleum products.

Governor of Central Bank of Nigeria, Mr Godwin Emefiele, says agriculture remains a strong pillar and saving grace for the Nigerian economy. Emefiele expressed satisfaction with the level of interest shown in agriculture and the tremendous impact the sector had had in the last six years. He wondered how the country could have coped with the rising prices of food and commodity items across the world without the foresight to revamp agriculture. Emefiele says the apex bank had come up with several initiatives aimed towards repositioning the sector with a view to creating employment opportunities as well as growing the Gross Domestic Product.

The Central Bank of Nigeria kicked against plans by the Senate to enact a new anti-money laundering law. The apex bank put forward this position during a public hearing by a Senate Joint Committee – anti-corruption, financial crimes, judiciary and human rights – on three different anti-corruption bills. The CBN Governor, Mr Godwin Emefiele, says an amendment of the existing Money Laundering Prevention Act 2011 will better serve the interest of Nigerians than repeal and re-enactment.

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has predicted a 10 per cent increase in credit to the agricultural sector over the next two years. He says about $2 billion out of about $2.5 billion had been disbursed to over three million farmers cultivating over 4.7 million hectares of arable land in the 36 States and the Federal Capital Territory under the Anchors Borrowers' Programme. He noted that over 80 per cent of the fund was targeted at the agricultural sector.

The Central Bank of Nigeria has revealed that it would stop the sale of foreign exchange to banks by the end of the year. CBN Governor, Godwin Emefiele, says the banks must begin to source their forex from export proceeds. Emefiele says the decision is in line with the CBN's new commitment to boost the country's foreign reserves through proceeds from non-oil exports. He says Nigeria cannot continue to depend on FX earnings to fund its import obligations from revenue coming from earnings from products where we cannot determine both price and quantity.

11th Oct Settlement Layer! Bitcoin V/S Ethereum Ethereum as payment Settlement layer? Over $6.2 Trillion in transactions have been settled on Ethereum over 12months Detailed info can be found in Messari Originally highlighted by Ryan Watkins via Twitter https://bit.ly/3iOacek. This does not even include ERC 20 tokens. In a similar post Nasdaq has posted an article over a month ago on Bitcoin vs Ethereum as a Settlement network. Some detailed comparison on Daily fees, Transfer volumes & more can be found here https://bit.ly/3oJtp4C Meanwhile in September Standard Chartered Bank Crypto assets global research states they structurally value Ethereum at $26,000 — $35,000 https://bit.ly/2YJ4HXt A bit too far fetched? ETH may overtake #BTC only in market cap in price maybe never? Alexander Hoeptner CEO of BitMEX feels at least five countries that accept Bitcoin as legal tender, all from Developing Nations. Bitcoin Magazine articles provide more info https://bit.ly/3BBtivG As per The World Bank remittance flows to low- and middle-income countries (LMICs) reached $540 billion in 2020 as per data from Knomad https://bit.ly/3v0MVKM Bitcoin can solve any problems in terms of high fees & time and help remittances in developing nations! Vitalik Buterin however feels that El Salvador's Bitcoin Approach Is ‘Contrary to the Ideals' of Crypto. He replied to a Reddit, Inc. post https://bit.ly/3ByQoCX some important points made by him in the thread. Is Bitcoin A Political or can Autocratic leaders & politicians force the adoption of Bitcoin? Bitcoin was created as a movement towards Money and the State. A peer to peer electronic cash system but politics and politicians can sway the direction & adoption of #BTC Andreas M. Antonopoulos has often questioned what happens if there is a fork in the near future which Bitcoin would be legal tender Republican senator Cynthia Lummis pro-Bitcoin & pro-Opensource buys more #BTC as she sees it as a Store of value. She disclosed her recent bitcoin purchase in a periodic transaction report detail via NEWSBTC https://bit.ly/3AodWJm. Democrats vs Republicans (6–0) who are in favour of Bitcoin & Opensource? Jameson Lopp projects http://bitcoinpoliticians.org/ shows only 6 politicians are (All Republican) have purchased Bitcoin & in favour of Opensource innovation & freedom Boxing & NFT Tyson Fury wins the Trilogy but promotes EthereumMax. The champ promoted via Facebook story a few minutes prior to the fight. Boxers & Rappers seem to be promoting EthereumMAX! McDonald's in China gave away “Big Mac Rubik's Cube” 188 NFTs on its 31st anniversary on 8th Oct. Built on Conflux Network https://bit.ly/3iKhQWY Rumours or Legitimate news? News articles from various crypto mainstream media state Godwin Emefiele, the governor of the Central Bank of Nigeria has confirmed the country's upcoming digital currency will be launched “in a couple of days from now.” However not one of them has a legitimate source. The Central Bank of Nigeria also does not mention anything about it UAE news: (Check slides) 1. Bitcoin Beginners Guide 9th session by Blockchain DXB 2. Ethereum Beginners Guide 5th session by Blockchain DXB For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_btc-btc-btc-activity-6853179732549275648-TGOS Our website: www.blockchaindxb.com email: info@blockchaindxb.com Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchaindxb #bitcoin #cryptocurrency #blockchainnews #doge #dogecointothemoon #crypto #news #tbt #network #blockchain #innovation #podcast

The Nigerian Government on Monday, October 25, became the first African country and one of the first in the world to introduce a digital currency to its citizens. CBN governor Godwin Emefiele had earlier listed the benefits of the e-Naira to include increased cross-border trade and accelerated financial inclusion.

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele says the apex bank is ready to approve legitimate foreign exchange demand that exceeds the approved transaction cap if such applications meet stipulated requirements.The CBN governor says the CBN was ready to approve requests from commercial banks to go beyond the caps if it is proven that the extra demand for FX is for legitimate purposes.He further insisted that the Investors and Exporters Window of the central bank remains the major market which anyone seeking to procure or sell foreign exchange should patronise.

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele says the apex bank is ready to approve legitimate foreign exchange demand that exceeds the approved transaction cap if such applications meet stipulated requirements.The CBN governor says the CBN was ready to approve requests from commercial banks to go beyond the caps if it is proven that the extra demand for FX is for legitimate purposes.He further insisted that the Investors and Exporters Window of the central bank remains the major market which anyone seeking to procure or sell foreign exchange should patronise.

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele says the apex bank is ready to approve legitimate foreign exchange demand that exceeds the approved transaction cap if such applications meet stipulated requirements.The CBN governor says the CBN was ready to approve requests from commercial banks to go beyond the caps if it is proven that the extra demand for FX is for legitimate purposes.He further insisted that the Investors and Exporters Window of the central bank remains the major market which anyone seeking to procure or sell foreign exchange should patronise.

President Muhammadu Buhari urged the banking and financial services sector to play stronger roles in ensuring that small and medium-sized enterprises become fit for purpose as well as provide them full support to excel.He says such financial intermediation would be essential at a time like this when Nigerians are grappling with the adverse impact of the COVID-19 pandemic.The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, also hinted that the Nigerian International Financial Centre which would act as an international gateway for capital and investments, driven by technology and payment system infrastructure, would also be established within the next 12 months.Buhari hailed the institute and the entire banking and finance industry for the commitment towards charting a practical path for economic recovery and transformation of the country and Africa in general.

President Muhammadu Buhari urged the banking and financial services sector to play stronger roles in ensuring that small and medium-sized enterprises become fit for purpose as well as provide them full support to excel.He says such financial intermediation would be essential at a time like this when Nigerians are grappling with the adverse impact of the COVID-19 pandemic.The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, also hinted that the Nigerian International Financial Centre which would act as an international gateway for capital and investments, driven by technology and payment system infrastructure, would also be established within the next 12 months.Buhari hailed the institute and the entire banking and finance industry for the commitment towards charting a practical path for economic recovery and transformation of the country and Africa in general.

President Muhammadu Buhari urged the banking and financial services sector to play stronger roles in ensuring that small and medium-sized enterprises become fit for purpose as well as provide them full support to excel.He says such financial intermediation would be essential at a time like this when Nigerians are grappling with the adverse impact of the COVID-19 pandemic.The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, also hinted that the Nigerian International Financial Centre which would act as an international gateway for capital and investments, driven by technology and payment system infrastructure, would also be established within the next 12 months.Buhari hailed the institute and the entire banking and finance industry for the commitment towards charting a practical path for economic recovery and transformation of the country and Africa in general.

The Central Bank of Nigeria announced the formal engagement of global fintech company, Bitt Inc., as a technical partner for its proposed digital currency, also known as e-Naira. CBN Governor, Mr Godwin Emefiele, says the Central Bank Digital Currency would bring about increased cross-border trade, accelerate financial inclusion, and lead to cheaper and faster remittance inflow. He says digital money, also known as cryptocurrency, would lead to easier targeted social interventions, as well as improvement in monetary policy effectiveness, payment systems efficiency, and tax collection.

The Central Bank of Nigeria announced the formal engagement of global fintech company, Bitt Inc., as a technical partner for its proposed digital currency, also known as e-Naira. CBN Governor, Mr Godwin Emefiele, says the Central Bank Digital Currency would bring about increased cross-border trade, accelerate financial inclusion, and lead to cheaper and faster remittance inflow. He says digital money, also known as cryptocurrency, would lead to easier targeted social interventions, as well as improvement in monetary policy effectiveness, payment systems efficiency, and tax collection.

The Central Bank of Nigeria announced the formal engagement of global fintech company, Bitt Inc., as a technical partner for its proposed digital currency, also known as e-Naira. CBN Governor, Mr Godwin Emefiele, says the Central Bank Digital Currency would bring about increased cross-border trade, accelerate financial inclusion, and lead to cheaper and faster remittance inflow. He says digital money, also known as cryptocurrency, would lead to easier targeted social interventions, as well as improvement in monetary policy effectiveness, payment systems efficiency, and tax collection.

Here's today's Business Hard Fact: According to Godwin Emefiele, the number of licensed BDCs has risen from 74 in 2005, to almost 5,500 today. How will the CBN's Crackdown on BDCs Affect Business? #NigeriainfoHF | Sandra Ezekwesili

The Central Bank of Nigeria has announced an end to the weekly allocation and sale of foreign exchange to Bureau De Change operators in the country.CBN Governor, Godwin Emefiele says they have continued to observe that stakeholders in some of the sub-sectors have not been helpful in maintaining the country's foreign exchange reserves to safeguard the value of the naira.Emefiele says that the Bureau De Change operators have abandoned the original objective of their establishment which was to serve retail end users who need $5,000 or less.He accused the BDC operators of facilitating grafts, illicit financial flows, and money laundering in the country.He also accused international organisations, development finance organisations, and embassies of patronising BDC operators to fund local operations contravening Nigeria's foreign exchange regulations.

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, says the N15 trillion Infrastructure Company Limited created by the federal government to bridge the nation's huge infrastructure gap is to take off in the third quarter of the year.Vice President Yemi Osinbajo says that although the government's economic reforms had paid off in telecommunications, pension and maritime sectors, the current administration was making efforts to address the challenges in the power sector privatisation.Emefiele says the federal government had approved KPMG as the financial adviser to InfraCo, adding that the firm is expected to commence operations in the third quarter of 2021.He stated that for Nigeria to attain meaningful growth, there must be huge investments in key sectors of the economy, including infrastructure such as rail and power, among others.

The Governor of the Central bank of Nigeria, Mr Godwin Emefiele, has asked managers of higher institutions of learning in the country to draw knowledge from curricula that cater to the modern realities of the country.The CBN boss emphasised the need for an enhanced learning experience for students as well as fostered innovation amongst faculty and staff in schools across the country.Mr Emefiele says enhanced collaboration between universities and players in key sectors of the economy such as agriculture, manufacturing and ICT is necessary to enable the implementation of sound ideas generated from our universities. Emefiele advocated collaboration between institutions of higher learning and industry key players in key sectors of the economy.

A member of the House of Representatives, Isiaka Ibrahim lamented over the refusal of Heads of government to appear during the investigative hearing on recovered loots.Ibrahim lamented that the repeated absence of the Head of Governments is disrespectful to the National Assembly.Those invited to the hearing and refused to show up include, CBN Governor, Godwin Emefiele; the Inspector General Of Police, Usman Alkali Baba; the National Security Adviser, Babagana Monguno; and the Director-General of Nigerian Maritime Administration and Safety Agency.Ibrahim added that the lawmakers have no business being in the parliament if agencies of government who are creations of the parliament refuse to respect the institution that created them.

The Central Bank of Nigeria announced the increase of foreign exchange allocations to banks to meet the requests of customers, particularly travellers, seeking forex for travel allowances, payment of tuition and medical fees, among other invisible.The CBN Governor, Mr Godwin Emefiele cautioning them to desist from denying customers, particularly travellers, the opportunity to purchase forex for Personal Travel Allowance, Basic Travel Allowance, tuition fees, and medical payments as well as Small and Medium Enterprises transactions or for the repatriation of Foreign Direct Investment proceeds.The Acting Director, Corporate Communications Department at the CBN, Mr Osita Nwanisobi, says that the CBN remained committed to ensuring liquidity in the forex market to meet genuine and legitimate demands of customers.

The Monetary Policy Committee of the Central Bank of Nigeria has again voted to retain the monetary policy rate at 11.5 percent.The CBN governor, Godwin Emefiele says the committee voted to leave the MPR at 11.5 per cent, Cash Reserve Ratio at 27.5 percent, and Liquidity Ratio at 30 percent.He explained that the move is expected to allow further economic growth, after the country exited recession in the fourth quarter of 2020, amid rising inflation.The MPC also lamented the effect of insecurity on the nation’s economy and called on the Federal Government to handle insecurity immediately to successfully tackle inflation.The MPC also noted that at least 70% of Nigeria’s population must be vaccinated if the country means to achieve economic recovery.

The Central Bank of Nigeria has announced new appointments in one of Nigeria’s commercial banks, First Bank of Nigeria PLC, and retained Dr Sola Adeduntan as the bank’s Managing Director.This comes a day after the bank announced the removal of Adeduntan and Gbenga Shobo as his successor.The CBN, however, queried the bank for the move on Thursday, saying that it did not notify it of the decision to remove Adeduntan who had yet to complete his tenure.The Central Bank Governor, Godwin Emefiele, told a news conference in Abuja that the board is vested with the authority to make changes in the management team subject to CBN approval.The CBN governor reassured the depositors, creditors and other stakeholders of the bank of its commitment to ensuring the stability of the financial system.

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The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the monetary policy rate at 11.5 per cent.The announcement was made on Tuesday by the CBN governor, Godwin Emefiele at the end of a two-day meeting at the CBN headquarters.The committee also retained the liquidity ratio at 30 per cent and the cash reserve ratio at 27.5 per cent.Emefiele explained that increasing the MPR will increase the cost of borrowing and reduce access to credit for businesses which he said might reverse the growth trend of the economy.He also concerned over the nation’s rising inflation rate which he says was triggered by insecurity and a rise in the prices of petroleum and electricity.

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, expressed concerns that the worsening insecurity in the country, particularly in food-producing areas is limiting expected outcomes and further fuelling food inflation.He added that as part of measures to address forex challenges, the apex bank disburses not less than $80 million weekly to banks either for personal travels or business travels or payment of school fees.The Lagos Chamber of Commerce and Industry hailed the bank’s decision to retain the 11.5 per cent interest rate.Emefiele stated that the rise in inflation has continued to be attributed to the increase in both the food and core components of inflation, which rose to 21.79 per cent and 12.38 per cent in February, respectively, from 20.57 per cent and 11.85 per cent in January.

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, warned against Nigeria repeating the mistakes of the past by neglecting agriculture.He says the country should immediately start to build its own food reserves, as the experience from the COVID-19 pandemic and the associated lockdowns globally had demonstrated that countries only export out of their reserves.Emefiele, however, called for support to sustain the current efforts of the apex bank to galvanise agricultural production towards meeting the requirements of the country’s growing population.

The naira exchanged at 473/$ at the parallel market, after trading at 477 the previous week.At the Investors & Exporters forex window, the naira hit a high of 422/$ before closing at 390/$.The Central Bank of Nigeria however maintained the official rate at 379/$ on its website.The committee at the recent Monetary Policy Committee meeting noted the CBN’s effort at improving liquidity in the foreign exchange market.The Central Bank Governor, Godwin Emefiele, noted the need to continue to explore avenues to improve inflow from sources such as the International Money Transfer Operators, diaspora remittances and non-oil export promotion, given the current trajectory of crude oil prices.The CBN in a recent circular to International Money Transfer Operators and Payment Service Providers had warned operators against paying recipients of diaspora remittances in local currency.

The Senate has invited the Governor of the Central Bank of Nigeria, Godwin Emefiele to brief its committees on the opportunities and threats of cryptocurrency on the nation’s economy.The decision of the Senate to invite the CBN governor is sequel to a motion by a Federal Lawmaker Senator Istifanus Gyang during plenary on Thursday, on the CBN’s directive to stop financial institutions from transactions in cryptocurrencies and matters arising from them.Federal lawmakers called for caution pointing out that while cryptocurrency has its negative sides and it has become the fastest-growing form of transaction all over the world.They argued that technology has changed the way business is conducted in Nigeria and the country cannot run away from cryptocurrency adding that regulation was needed.

The Federal Government has assured that Nigeria's financial sector will continue to offer skeletal services during the lockdown. The assurance was coneyed in a joint statement by the Minister of Finance, Budget and National Planning, Zainab Ahmed, Central Bank Governor, Godwin Emefiele.The statement said exemptions have been obtained from President Muhamamdu Buhari to allow very skeletal operations in the financial system and money markets.It adds that all relevant staff of affected outfits and agencies should look out for further instructions from their immediate bosses.--- Support this podcast: https://anchor.fm/newscast-africa/support --- Send in a voice message: https://anchor.fm/africabusinessnews/message Support this podcast: https://anchor.fm/africabusinessnews/support