Tag: Godwin Emefiele

CBN Denies Emefiele’s Sacking
Elections, Nigeria

CBN Denies Emefiele’s Sacking

The Central Bank of Nigeria has denied the sack of its Governor, Mr Godwin Emefiele, describing the report as an unfounded rumour. It was rumoured on Wednesday morning that Emefiele had been sacked by Nigeria’s President, Muhammadu Buhari, purportedly for his presidential ambition. The Punch had earlier sought clarification from the CBN’s spokesman, Mr Osita Nwanisiobi, but got no response from him. However, several papers are quoting Nwanisiobi as denying the trending report, saying, “I heard it just the way you got it too. As far as I am concerned, it’s a rumour, I’m not aware of any sack.” Recall that Emefiele had, on May 9, headed to a Federal High Court in Abuja to seek a constitutional interpretation on his non-resignation while pursuing his presidential interes...
2023: Buhari Orders Emefiele, Other Appointees To Resign
Elections, News, Nigeria

2023: Buhari Orders Emefiele, Other Appointees To Resign

The President, Muhammadu Buhari, has ordered all heads of agencies, departments, parastatals, and ambassadors with political ambitions to resign. In a circular obtained by The PUNCH on Thursday morning, our correspondent observed that the office of the Governor of the Central Bank of Nigeria, Godwin Emefiele, among other agencies was copied. Read Also: BREAKING: Court Refuses Emefiele’s Request For Restraining Order Against INEC, AGF The circular was signed by the Secretary to the Government of the Federation, Boss Mustapha. The circular with reference number SGF/OP/ I/S.3/XII/ 173 was titled, ‘Ministers, heads of government agencies, ambassadors and other appointees with political ambitions to resign’. Details later… Source: Punch
BREAKING: Court Refuses Emefiele’s Request For Restraining Order Against INEC, AGF
Elections, News, Nigeria

BREAKING: Court Refuses Emefiele’s Request For Restraining Order Against INEC, AGF

A Federal High Court in Abuja on Monday refused to grant a restraining order requested by the governor of the Central Bank of Nigeria, CBN, Godwin Emefiele against the Independent National Electoral Commission, INEC, and the Attorney General of the Federation, AGF, on his presidential ambition. Emefiele had, through his counsel, Mike Ozekhome SAN, applied for an order of status quo ante bellum to be made against INEC and AGF so that he would not be made to resign from office until 30 days to the general election. In an ex-parte application argued on Monday, Emefiele denied being a political appointee but a public servant not caught by Section 84 (12) of the new Electoral Act 2022. The CBN governor asked the court to invoke Section 318 of the 1999 Constitution to bar the defen...
CBN May Start Printing Gambia’s Currency – Emefiele
Economy, News, Nigeria

CBN May Start Printing Gambia’s Currency – Emefiele

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said that the bank is willing to assist the Central Bank of the Gambia to print its legal tender. Emefiele said this in Abuja on Tuesday during a two-day visit by a delegation from the CBG, led by its governor, Mr Buah Saidy. This was in response to a request by the CBG for a possible partnership to tackle acute currency shortages among other currency management challenges in the country. Saidy informed the CBN governor that relying on its current printer, De La Rue of London, for its currency needs was expensive and unsustainable. He explained that it costs the bank about £70,000 to lift printed currencies from Sri Lanka to the Gambia. In response, the CBN Governor assured his visitors that the bank had a...
CBN Promises more Credit Facilities for Youths
Economy, News, Nigeria

CBN Promises more Credit Facilities for Youths

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reiterated the apex bank’s commitment to provide more loans to the youth. The bank chief urged youths to embrace agriculture, declaring the bank’s readiness to support them that are willing to engage in agriculture. The governor reiterated the bank’s opposition to the importation of maize. Emefiele made the declaration in Katsina, during the unveiling of the first maize pyramid and kick-off of the maize wet season farming under the CBN-Maize Association of Nigeria (MAAN) Anchor Borrowers’ Programme. He expressed belief that  youths could leverage their talents, along with technological tools to improve farm productivity and delivery of agricultural produce to markets. Noting that agriculture offered significant be...
CBN Disburses N3.5tr COVID-19 Intervention Cash
Cost of Living, Covid-19, Economy, Finance, Nigeria

CBN Disburses N3.5tr COVID-19 Intervention Cash

  The Central Bank of Nigeria (CBN) says it has disbursed N3.5 trillion to various sectors of the economy to assist in cushioning the effects of the Coronavirus pandemic. The Apex bank says it will also contribute N1.8 trillion into the N2.30 trillion Federal Government’s one-year Economic Sustainability Plan (ESP) through its Participating Financial Institutions (PFIs). CBN Governor Godwin Emefiele who stated this on Tuesday after the Monetary Policy Committee (MPC) meeting in Abuja also gave a breakdown of how the funds were disbursed. The breakdown is as follows: Real Sector (N216.87 billion); COVID-19 Targeted Credit Facility (N73.69 billion); Agri-Business/Small and Medium Enterprise Investment Scheme (N54.66 billion); Pharmaceutical and Health Care Support (N44.47 bi...