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CATEGORY: godwin emefiele


Mar 25, 2023 02:10

US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor

A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create a “very safe” banking system. Priority Given to Depositors According to [...]

The post US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor appeared first on Crypto Breaking News.

Nov 27, 2022 01:20

New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor

The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial inclusion cause. Forcing Currency Hoarders to Return to the Banking System According to the Nigerian central bank governor, Godwin Emefiele, the recently launched naira banknotes

The post New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor appeared first on BTC Ethereum Crypto Currency Blog.

Jun 18, 2023 01:20

Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules

The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under NGN470 per dollar. The central bank’s decision to allow the naira to “float” came a few weeks after Nigerian president Bola Ahmed Tinubu pledged to end the CBN’s multiple exchange rate regime. The Naira Devaluation The Nigerian

The post Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules appeared first on BTC Ethereum Crypto Currency Blog.

Mar 16, 2023 02:10

After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender

The Nigerian central bank has said the recently demonetized ?200, ?500 and ?1,000 banknotes will remain legal tender until Dec. 31, 2023. The central bank statement, which reaffirms a Supreme Court ruling that extended the lifespan of the demonetized naira banknotes, followed a rebuke of the CBN by the outgoing Nigerian president, Muhammadu Buhari. Central [...]

The post After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender appeared first on Crypto Breaking News.

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