CBN board will determine Emefiele’s fate over alleged participation in partisan politics, not me – Buhari

President Muhammadu Buhari has said that fate of Governor of Central Bank of Nigeria (CBN) Godwin Emefiele over alleged participation in partisan politics, will be determined by board of the apex bank and not him.   Buhari said this in an interview with Bloomberg. According to the President, CBN’s board of directors determines whether a CBN governor’s actions have fallen foul of the laws in place to ensure he can most effectively carry out his duties.    He said;    “The CBN

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Report and we will take it up

Nigerians have been directed by the Central Bank of Nigeria to report cases of unauthorized debits.   Following an outcry over Nigerians losing money through unauthorized POS transactions, CBN’s spokesperson, Osita Nwanisobi said the apex bank would ensure that bank customers get a redress on issues of excess charges and unauthorised withdrawals.   He told TheCable;   “What you should be asking them (bank customers) is if they have reported those incidents to the CBN. We work based on the information we

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CBN postpones eNaira launch

The Central Bank of Nigeria (CBN) has announced the postponement of its Central Bank Digital Currency (CBDC), known as eNaira originally planned to be launched on October 1, Nigeria’s independence day.   Speaking with newsmen in Abuja on Thursday, September 30, CBN spokesman, Osita Nwanisobi, explained that the CBN decided to postpone the launch, due to Nigeria’s independence celebration. The statement was titled, “CBN defers eNaira launch to mark Independence Anniversary”   It read in part, “Ahead of the anticipated

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CBN, NNPC to take care of accommodation and feeding of returnees – FG

The Minister of foreign affairs Geoffrey Onyeama on Monday May 18, announced that the Central Bank of Nigeria (CBN) and Nigerian National Petroleum Corporation (NNPC) will take care of the hotel accommodation and feeding bills of Nigerians who were recently evacuated from countries they were stranded in.    It was reported earlier that the evacuees were directed by the federal government to pay N297,000 for their 14-day mandatory isolation.    However following the criticism the directive sparked off, Onyeama said he

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CBN to fund research on Nigerian Coronavirus vaccine

The Governor of the Central Bank of Nigeria, Godwin Emefiele has disclosed that the apex bank will be funding a research for a Nigerian Coronavirus vaccine.    The CBN Governor disclosed this at the unveiling of THISDAY Dome testing, tracing, and treatment centre on Tuesday in Abuja. He said they are currently designing a framework which includes grants and long term facilities for “researchers, science institutions and biotechnology firms to develop the Nigerian Vaccine.”   Emefiele also revealed that the CBN recently launched a N100bn

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CBN scheduled to roll over 208bn worth treasury bills

CBN

The Central Bank of Nigeria(CBN) is scheduled to roll over maturing bills worth N208bn through the Primary Market Auction across the 91-day (N24.4bn), 182-day (N38.8bn) and 364-day (N145.5bn) tenors. The CBN is also expected to mop up excess liquidity via Open Market Operation auctions this week. Analysts at Afrinvest Securities Limited said the treasury bills secondary market might sustain its bearish run as investors took a position in the PMA offer and potential OMO offerings at more attractive yields. Last

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