Breaking News

Tag Archives: Godwin Emefiele

Dangote Refinery to Sell Refined Crude to FG in Naira – CBN

The governor of Central Bank of Nigeria, CBN, Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production. Mr Emefiele also disclosed that the first shipment of Urea from the Dangote Fertiliser Plant would begin in March …

Read More »

FG Tasks Banks to Explore AfCFTA to Capture FDI

The Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, has advised Nigerian banks and other financial institutions to explore Africa’s market expansion enabled by the AfCFTA to capture trade flows and investment through superior customer value proposition. Stressing the potentials of Nigeria’s market, Ahmed said: “With more …

Read More »

Global Lenders Raise Pressure on Nigeria to Reform Currency

The International Monetary Fund and World Bank have intensified calls on Nigeria to speed up currency reforms without which Africa’s largest economy may fail to achieve the growth it needs to prevent millions more from falling into penury. A unified and flexible exchange rate will ease external imbalances and bolster activity in the OPEC …

Read More »

CBN Retains 11.5% Monetary Policy Rate

The Central Bank of Nigeria’s Monetary Policy Committee has retained the Monetary Policy Rate at 11.5 per cent, the CBN Governor, Godwin Emefiele, announced Tuesday after the committee’s two-day meeting in Abuja. It also retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent …

Read More »

Nigeria’s Manufacturing Sector Contracts for 4th Month

The Manufacturing PMI in the month of August stood at 48.5 index points, indicating contraction in the manufacturing sector for the fourth consecutive months. According to the Central Bank of Nigeria (CBN) data, of the 14 subsectors surveyed, 6 subsectors reported expansion (above 50% threshold) in the review month in …

Read More »