#Emefiele says 1tn Naira made available to manufacturing and agric sectors - 856bn has been disbursed to 77 companies; 36 Agro-based, 30 in services and 11 in mining tailored towards employment generating and output stimulating sectors of the economy at 5% interest rate. #CBNMPC
#MPC pushes for additional 100bn Naira for Targeted Credit Facility to stimulate growth.
#Emefiele optimistic that security agencies are doing their best to tackle insecurity, hopeful that security challenges confronting Nigeria will abate by end of 2021.
#CBN did not devalue the Naira, we are running a managed float regime and all transactions are bench-marked against the NAFEX rate - #Emefiele
#CBN is able to fund all legitimate domestic import obligations of people who need foreign exchange and we will not shirk our responsibility in this area - #Emefiele
Data shows that close to 600bn has been disbursed to various interventions of the CBN and out of that, 300bn has been disbursed to beneficiaries in southern part of the country - #Emefiele

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More from @cenbank

29 Apr
#CBN Governor, #Emefiele says First Bank of Nigeria is one of Nigeria’s systemically important banks given its historical significance, balance sheet size, large customer base and high level of interconnectedness with other financial service providers. #FBN
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6 Mar
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In an effort to reduce the cost burden of remitting funds to Nigeria by working Nigerians in the Diaspora, the #CBN has introduced a rebate of N5 for every $1 of fund remitted to Nigeria, through IMTOs licensed by the CBN. The Scheme will take effect on the 8th of March 2021.
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6 Mar
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14 Feb
#Emefiele leads the Bankers’ Committee to sign MOU for the handover of the National Arts Theater, Iganmu, Lagos.
#Emefiele says revamping the National Arts Theatre will unlock the creative talents of hundreds of thousands of Nigerian youths in the fields of music, movie, fashion and information technology.
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15 Oct 20
#CBN Interventions in Cotton Textile and Garment sector is designed to resuscitate and return the Textile industries back to its glory days, creating jobs, diversifying Nigeria's economy and achieving self-sufficiency in cotton production.
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Expected output for seed cotton in 2020 is projected to be over 300,000 metric tons #CBN
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28 Aug 20
CBN Approves Final Licenses to Three (3) Payment Service Banks....cbn.gov.ng/Out/2020/CCD/A…
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The update and review of the Guidelines for Payment Service Banks was in response to market developments since 2018
Read 7 tweets

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