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CBN slashes interest rate to 13.5 percent

CBN slashes interest rate to 13.5 percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has for the first time in over two years adjusted interest rate downwards to 13.5% Addressing journalists at the end the second MOC meeting in 2019, Central Bank Governor Godwin Emefiele disclosed that “the MPC voted to adjust the Monetary Policy Rate (MPR) […] …

Post-Election: Emefiele sets Policy Agenda

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has set the post-election agenda for the nation’s monetary policy, projecting that the current monetary policy stance of the Bank is expected to continue while inflation is estimated to rise to 12 per cent and moderate thereafter. Mr  Emefiele made the projections at the BusinessDay […]
The post Post-Election: Emefiele sets Policy Agenda appeared first on Tribune Online. …

Emefiele laments Nigeria’s loss $10bn forex annually from oil palm export

As Central Bank of Nigeria (CBN) formally kick-started the process of revamping the country’s oil palm industry on Monday, its Governor, Godwin Emefiele lamented the loss of an estimated $10 billion annual foreign exchange earnings that would have accrued from the value chain. At a stakeholders meeting on the palm oil value chain attended by […]
The post Emefiele laments Nigeria’s loss $10bn forex annually from oil palm export appeared first on Tribune Online. …

Emefiele, Three Governors Discuss How To Boost Palm Oil Production

  The Central Bank Governor, Godwin Emefiele, has met with Governor Udom Emmanuel of Akwa Ibom State and his Abia and Edo counterparts, Okezie Ikpeazu and Godwin Obaseki. The meeting which held in Abuja, the nation’s capital is to seek ways on how to boost palm oil production in the country. READ ALSO: NNPC Records N12.13bn Excess … Continue reading Emefiele, Three Governors Discuss How To Boost Palm Oil Production …

Why we need Emefiele now more than ever

THAT was in the first paragraph of a report titled “Nigeria’s crude oil sales slow as competition grows”. Asu went on to quote one of the largest stakeholders in global crude sales, S&P Global Platts saying “Buyers have pulled back quite a bit and we may be in for a bit of a waiting game on the Nigerian front.”
Continue reading Why we need Emefiele now more than ever at Vanguard News Nigeria. …

Extending godwin Emefiele’s tenure is vital for economic recovery

Unlike the great French philosopher, I strongly believe that truth must be shown with equal candour to all generations. There should be no dichotomy in placing facts before the public – especially for those privileged to be in the media. It has always been our sacred duty to inform, educate and entertain (also sometimes infuriate) the public on every matter of great importance. In about thirty years on these pages, that has been the principle. It will never change.  Right now there is an issue which has suddenly crept on all of us while the election campaigns were going on. None of the two major candidates mentioned it; and it is doubtful if any of the fringe political parties candidates alluded to it. That is strange.
Continue reading Extending godwin Emefiele’s tenure is vital for economic recovery at Vanguard News Nigeria. …

National MfB will not crowd out other operators – Emefiele

Governor, Central Bank of Nigeria, CBN, Mr. Godwin Emefiele yesterday said that  the National Microfinance Bank, MfB will not crowd out other microfinance banks saying the new bank will offer loans to Small and Medium Scale Enterprises, SMEs at five percent interest rate and seven year tenor.
Continue reading National MfB will not crowd out other operators – Emefiele at Vanguard News Nigeria. …

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