Naira redesign: ‘CBN Governor has my backing’ — Buhari 

President Muhammadu Buhari has thrown his weight behind the decision of the Central Bank of Nigeria (CBN), to redesign and re-issue new Naira notes. Recall that the CBN Governor, Godwin Emefiele, had on Wednesday, said that the apex bank would redesign the N200, N500 and N1000 notes. He had said the action was taken in order to take control of the currency in circulation, as well as security concerns. Recall further that the Minister of Finance, Budget and National Planning, Zainab Ahmed, had last week told the Senate Committee on…

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Middle-Belt Youth group pass ‘vote of confidence’ on Emefiele on planned Naira redesign

A group, the Middle-Belt Youth Vanguard, has passed a vote of confidence on the Central Bank (CBN) Governor, Mr. Godwin Emefiele, following the announcement by the Governor that plans have been finalized and approval obtained from the President to redesign the higher denominations of the Naira. Leading other members of the body in a National Congress, the leader of the group Godwin Meliga told newsmen that “the vote of confidence was unanimous as members were excited by the prospects and benefits of the policy to the economy”. Meliga further highlighted the points…

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Inflation: CBN raises benchmark interest rate to 15.5%%, highest in 20 yrs

The policy-setting committee of the Central Bank of Nigeria (CBN), the Monetary Policy Committee has raised its Monetary Policy Rate, (MPR), also known as interest rate, from 14 percent to 15.5 percent, to tame rising inflation. The CBN Governor, Godwin Emefiele, made the announcement yesterday, during a media briefing at the apex bank’s headquarters in Abuja, after the Committee’s meeting. He said 10 members of the committee voted for the rate hike. The monetary policy rate is the baseline interest rate in an economy, whereby every other interest rate used…

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“CBN’s policies have turned Nigeria from rice-importing to rice-exporting country” – Emefiele

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the apex bank under his watch has now become an exporter of rice following the impacts of its several policies, particularly its Anchor Borrowers Programme, (ABP), adding that it was working to boost the industrial capacity of the country. Emefiele, who disclosed this while speaking at a seminar for Finance Correspondents and Business Editors, with the theme: “Policy Options for Economic Diversification: Thinking Outside the Crude Oil Box”, yesterday, noted that the CBN has taken major leaps…

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Arewa youths hail Emefiele for helping Buhari deliver on economic agenda

A group operating under the aegis of the Arewa Consultative Youths Movement (ACYM) has hailed the Governor of the Central Bank of Nigeria, (CBN), Dr. Godwin Emefiele, for helping President Muhammadu Buhari to deliver on the economic agenda. The group, in a statement on Wednesday signed by its President, Kabiru Yusuf, noted that President Buhari himself has admitted during an interview with Bloomberg News that Emefiele is doing well. The statement read in part: “We commend Dr. Emefiele for helping the President to deliver on his economic agenda.” “We have…

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Buhari backs Emefiele, says CBN governor following ‘alternative economic model’

President Muhammadu Buhari has finally reacted to calls for the removal of the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over his apparent partisanship. Recall that Emefiele, in May, disclosed his interest to be the presidential candidate of the ruling All Progressives Congress, (APC), even when he had not resigned. Amid calls for his removal, Emefiele asked a court to declare him fit to seek the country’s top job without leaving office. The lawsuit failed. The apex bank governor allegedly only backed down after the president subsequently…

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Emefiele bags Forbes ‘Best Of Africa Lifetime Achievement’ award

Forbes New York has honoured the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, with the Forbes ‘Best of Africa Lifetime Achievement Award‘.  In its letter of award to Emefiele and signed by the president, Customs Solutions Media for Forbes Media, Mark Furlong, Forbes disclosed that it decided to honour the CBN governor on the grounds of his remarkable performance and pacesetting achievements at the apex bank. Forbes in partnership with Foreign Investment Network (FIN) also issued Emefiele with its Certificate of Distinction.  It added that Emefiele has…

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2023 Presidency: Rice farmers association, Friends and Support Groups buy APC nomination form for Emefiele

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has put to rest months of speculations about his presidential ambition, as he picked the All Progressives Congress (APC) Expression of Interest and Nomination forms for the 2023 presidential race. Without fanfare, three groups picked the N100 million forms on behalf of the CBN Governor at the Abuja International Conference Centre yesterday. The groups, Rice Farmers Association of Nigeria, (RIFAN), Friends of Emefiele, and Emefiele Support Group, said Emefiele is the only responsible and responsive person to succeed President Muhammadu Buhari…

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2023 Presidency: Coalition plans one million-man-march for Emefiele

The National Coalition for Peace and Mobilisation, (NACOPEAM), has called on the Central Bank of Nigeria, (CBN) Governor, Godwin Emefiele, to resign forthwith and join the 2023 presidency race. The Coalition, which comprises professionals, businessmen, women and politicians across the country and the Diaspora, added that plans have been concluded on a one million march in Abuja, aimed at convincing the CBN governor to join the race. Answering questions at a press conference in Abuja, the national president of NACOPEAM, Dr. Saleh Bin-Ahmad, as he is easily the most competent…

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‘Why CBN’s Emefiele should join presidential race’ – APC group

A group, under the ruling All Progressives Congress, (APC), which described itself as Emefiele Mobilisation Team, (EMT), has justified the calls on the Governor of the Central Bank of Nigeria, (CBN), Godwin Emefiele, to join the 2023 presidential race. The Team Leader and National Coordinator of EMT, Dr. Jacob Attah, spoke at a news conference at the weekend in Lokoja, on behalf of the National Executive Committee of the group. According to the group, Emefiele represents a unique opportunity to achieve peace, unity and development in the country if he…

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