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Withdrawal Limit: I am not available to brief you – Emefiele writes Reps

NewsDeskNgDec 20, 2022December 20, 20220

The Central Bank Governor, Godwin Emefiele has once again failed to appear before the House of Representatives over the cash withdrawal limit policy of the CBN. The CBN Governor, in a letter written by the Deputy Governor, Corporate Services, Edward Adamu, said he is currently outside the country for an...

Naira redesign: How bank rejected N20m gummed together, decomposing – Presidency

NewsDeskNgDec 2, 2022December 2, 20220

Following the move by the Central Bank of Nigeria, CBN, to redesign some Naira notes, the presidency has revealed how the development is affecting some billionaires who may have stashed the currency in their various houses. President Muhammadu Buhari’s Chief spokesman, Femi Adesina in an article on Friday, narrated how...

Experts task CBN on flexible exchange rate

NewsDeskNgNov 22, 2022November 22, 20220

Financial experts have urged the Central Bank of Nigeria (CBN) to adopt a flexible foreign exchange rate regime and address the food insecurity triggering inflationary rate in the country. They said this in separate interviews with the News Agency of Nigeria (NAN) on Tuesday in Lagos. Dr Muda Yusuf, the...

Why CBN monetary policy is not working – Economist

NewsDeskNgNov 19, 2022November 19, 20220

Prof. Ken Ife, a Development Economist, says Central Bank of Nigeria’s monetary policy is not working because 80 per cent of the nation’s money is not in circulation. Ife stated this during the 10th Convocation Lecture of Godfrey Okoye University, Enugu, on Friday, with the theme “Nigeria: The State of...