#CBN Governor, Godwin Emefiele delivers #CIBN Annual lecture; outlines policy thrust for 2023.
Emefiele expresses optimism that the short-term outlook of the Nigerian economy remains good.
Emefiele expresses optimism that the short-term outlook of the Nigerian economy remains good.
#CBN Governor urges Nigerians to find imaginative solutions to build a country where balanced growth and shared prosperity is guaranteed for all.
#Emefiele says monetary policy will remain focused on the objectives of price, monetary, and exchange rate stability.
#Emefiele says monetary policy will remain focused on the objectives of price, monetary, and exchange rate stability.
“We will maintain the current tight Monetary Policy stance in the near-term, especially in view of rising inflation expectations and exchange market pressures,” – Emefiele.
He projects that GDP growth rate will remain positive in the remaining quarter of 2022 and during 2023.
He projects that GDP growth rate will remain positive in the remaining quarter of 2022 and during 2023.
#CBN Governor, Emefiele projects that the rate of inflation will remain elevated and above the 12.5 percent growth-aiding threshold.
#CBN Governor, Emefiele, assures that the CBN will continue to act in the best interest of the Nigerian economy.
#CBN Governor, Emefiele, assures that the CBN will continue to act in the best interest of the Nigerian economy.
“The official foreign exchange receipt from crude oil sales into our official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an absolute zero dollars today,” - Emefiele
He reiterates need to boost Nigeria’s foreign exchange inflows through non-oil proceeds.
Emefiele defends CBN’s redesign of three denominations of Nigeria’s banknotes, insists it is for good reason.
Emefiele defends CBN’s redesign of three denominations of Nigeria’s banknotes, insists it is for good reason.
Emefiele woos Nigerians to embrace the new Naira notes; urges citizens to deposit old N200, N500, and N1,000 notes before the January 31, 2023 deadline.
Emefiele again lists benefits of Naira redesign and pushes for acceptance of cashless alternatives of payments.
Emefiele again lists benefits of Naira redesign and pushes for acceptance of cashless alternatives of payments.
CBN Governor, Emefiele assures that the National Domestic Card Scheme will commence on 16 January 2023.
CBN Governor says credit to the core private sector of the economy has more than doubled from N13.2 trillion at end-2018, to N27.7 trillion as at September 2022.
CBN Governor says credit to the core private sector of the economy has more than doubled from N13.2 trillion at end-2018, to N27.7 trillion as at September 2022.
Emefiele lists Bank’s effort to resuscitate Nigeria’s textile industry and health sectors.
Emefiele wants oil theft addressed in order to boost crude oil sales receipts.
Emefiele wants oil theft addressed in order to boost crude oil sales receipts.
“The CBN, guided by best judgement and data will continue to act in good faith to ensure the increased prosperity of the Nigerian economy,” - Emefiele
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