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Central Bank of Nigeria Profile picture
@cenbank
May 25 • 5 tweets • 2 min read Twitter logo Read on Twitter
CBN Governor, Mr. Godwin Emefiele, says the measures taken by the CBN MPC so far to rein in inflation have been potent and are yielding the expected outcome. #CBNMPC Image
#Emefiele restates optimism that Nigeria will attain the desired level of financial inclusion by 2024.
CBN Governor, Mr. Godwin Emefiele reiterates Bank’s decision to reduce aggressive intervention in quasi-fiscal activities.
CBN Governor, Emefiele stresses the need for all stakeholders to collaborate in ramping up crude oil production and to rely less on proceeds from the oil sector.
Central Bank of Nigeria Communiqué No. 148 of the 291st Meeting of Monetary Policy Committee held on Tuesday 23rd and Wednesday 24th May, 2023 cbn.gov.ng/Out/2023/CCD/C…

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More from @cenbank

Central Bank of Nigeria Profile picture
May 26
#CBN Governor, Mr. Godwin #Emefiele, launched the Financial Literacy eLearning Platform, #SabiMONI, with the declaration that the Bank is determined to meet the target of 95% financial inclusion by 2024. 1/5 ImageImage
#SabiMONI portal will serve as a repository of information not only for learners and trainers but also for researchers in the most effective manner. 2/5 ImageImage
“#SabiMONI portal will help the Bank reach more people, make them aware of the benefits of financial products/services, increase the use of financial services, make better financial decisions and further drive Financial Inclusion’’ - Deputy Governor, FSS, Mrs. Aishah Ahmad. 3/5 ImageImage
Read 5 tweets
Central Bank of Nigeria Profile picture
Jan 26
Central Bank of Nigeria (CBN), Mr. Godwin Emefiele unveils the first African Central Bank-led National Domestic Card Scheme – AfriGo; says the new card scheme will be accessible to all Nigerians and also address our local peculiarities.
#NationalDomesticCardScheme #AfriGo “The domestic card scheme is expected to strengthen the national payments system and deepen the usage of electronic platforms in Nigeria” - #Emefiele
#NationalDomesticCardScheme #AfriGo CBN Governor, #Emefiele says the Bank’s Cash-less Policy has created value, engendered competition and attracted investment into the Nigerian banking and payments ecosystem.
Read 10 tweets
Central Bank of Nigeria Profile picture
Jan 24
#CBNMPC votes to raise MPR by 100 basis points from 16.5% to 17.5%
Retains Cash Reserve Ratio (CRR) at 32.5%, Liquidity Ratio (LR) at 30.0% and Asymmetry Corridor at +100/-700 basis points around the MPR Image
CBN Governor, Emefiele, maintains stance on the January 31, 2023 deadline for the deposit of old N200, N500, and N1,000 banknotes; says CBN staff and bank agents all over Nigeria on sensitization and currency swap with a specific focus on rural areas and the underserved
CBN Governor Godwin #Emefiele says about N1.5 trillion of the currency in circulation has been raked back into banks’ vaults since the launch of new series of banknotes
Read 6 tweets
Central Bank of Nigeria Profile picture
Nov 25, 2022
#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. Image
#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. Image
“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.
Read 10 tweets
Central Bank of Nigeria Profile picture
May 26, 2021
#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.
Read 7 tweets
Central Bank of Nigeria Profile picture
Apr 29, 2021
#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
#CBN directs immediate removal of all Directors of @FirstBankngr Ltd and @FBN Holdings Plc
#CBN reassures First Bank of Nigeria depositors, creditors and other stakeholders of the bank of its commitment to ensure the stability of the financial system.
Read 9 tweets

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