• Mobile phone tax could generate N100 billion -Emefiele

    Mobile phone tax could generate N100 billion -Emefiele

    The governor of Central Bank of Nigeria (CBN), Godwin Emefiele has proposed to the federal government to introduce mobile phone call tax.

    The Governor, breaking the news at the 2016 Annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) on Friday in Lagos, said such tax, targeted at the middle, upper class and long phone call makers, can generate N100 billion annually into the federal government account.

    Speaking on the theme: “Policy options for reversing Nigeria’s economic downturn” […]

  • Why Buhari’s anti-corruption war will fail – PDP BoT member explains

    Why Buhari’s anti-corruption war will fail – PDP BoT member explains

    A member of the Peoples Democratic Party, PDP, Board of Trustees, BoT, Chief Shuaib Oyedokun, says President Muhammadu Buhari’s anti-graft agency cannot succeed because “he is using corruption to fight corruption.”

    This is coming at a time Buhari claimed that some corrupt individuals were using proceeds of their loots to fight him.

    Reacting to Buhari’s comment, Oyedokun said the President has admitted failure of his anti-graft agency.

    Speaking with newmen, the PDP BoT member said, “If the President, who is fighting corruption, suddenly […]

  • Rice revolution has started, says Emefiele

    Rice revolution has started, says Emefiele

    Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that rice revolution has started in Nigeria.

    The CBN governor also said the apex bank does not have foreign exchange to continue to support importation of farm produce, including rice, wheat, tomato and poultry products anymore.

    “We in Central bank do not have foreign exchange to continue to support importation of these items. We need to be able to grow them since our land is fertile; our climate is good […]

  • CBN to consider Anambra’s request for N5bn Agric Intervention Fund – Emefiele

    CBN to consider Anambra’s request for N5bn Agric Intervention Fund – Emefiele

    According to reports, the Central Bank of Nigeria (CBN) has promised to consider Anambra State government’s request for N5b mechanised agriculture intervention fund to farmers in the state.

    CBN Governor Godwin Emefiele, disclosed in Awka, yesterday, during a one-day assessment visit to the state in company of a Federal Government delegation that included Minister of Agriculture and rural development, Chief Audu Ogbe, the Governor of Kebbi State, Alhaji Abubakar Bagudu, top CBN and Federal Ministry Agriculture officials that the apex bank […]

  • Emefiele, Adeosun allay concern over disharmony between CBN, Finance Ministry

    Emefiele, Adeosun allay concern over disharmony between CBN, Finance Ministry

    The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said there is no disharmony between the bank and Ministry of Finance.

    Speaking at a press briefing in Washington DC, United States, Emefiele said both the monetary and fiscal authorities were working hand-in-hand to get the much desired growth needed to get Nigeria out of recession, and towards much needed growth.

    In September, the Minister of Finance, Kemi Adeosun, said the fiscal authorities were in need of low interest rates, […]

  • Police parade Emefiele’s wife’s abductors, display N15m ransom recovered … See photos

    Police parade Emefiele’s wife’s abductors, display N15m ransom recovered … See photos

    The Police in Edo State on Monday paraded suspected kidnappers, who abducted the wife of Governor of the Central Bank of Nigeria, CBN, Margaret Emefiele.

    The police also displayed N15 million ransom recovered from the suspected kidnappers.

    Recall that Margaret was recently abducted by a group of heavily-armed gunmen along the Benin-Agbor

  • I can not be intimidated, says Emefiele

    I can not be intimidated, says Emefiele

    According to reports, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Saturday said that no amount of intimidation will make him stop performing his duties effectively to Nigerians.

    He said this in a statement while reacting to the release of his wife, Mrs Margaret Emefiele, who was on Thursday abducted by gunmen along with four others and demanded N100m as ransom.

    A senior police officer had said Margaret was abducted alongside three women and a male driver along […]

  • How Emefiele’s wife was rescued

    How Emefiele’s wife was rescued

    Details of how Margaret Emefiele, wife of Central Bank Governor, Mr. Godwin Emefiele, was rescued emerged last night as security sources disclosed that she was recued at Ugoneki, a midway between Benin and Agbor, on Friday night.

    Her rescue was sequel to a directive by President Muhammadu Buhari to security agencies, an order that was carried out within 24 hours.

    A rescue team comprising operatives of the Department of State Security Service, Police and the military was deployed to track down her […]

  • CBN Gov, Emefiele hails Buhari, security agencies over wife’s release

    CBN Gov, Emefiele hails Buhari, security agencies over wife’s release

    Central Bank Governor, Mr. Godwin Emefiele, has expressed gratitude to God, President Muhammadu Buhari and security agencies for the rescue of his wife, Margaret, from the hands of kidnappers.

    He was however silent on whether any ransom was paid to secure her release.

    Mrs Emefiele was kidnapped last Thursday by kidnappers along Agbor-Benin road and taken to unknown destination.

    The Central Bank Governor, in a statement released in Abuja on Saturday morning, said his joy knew no bounds when the news of his […]

  • Despite my wife’s kidnap, I won’t stop serving Nigeria – Emefiele

    Despite my wife’s kidnap, I won’t stop serving Nigeria – Emefiele

    It was gathered that the Governor of the Central Bank of Nigeria, Godwin Emefiele, has expressed gratitude to God, President Muhammadu Buhari and security agencies for the rescue of his wife, Margaret, from the hands of kidnappers.

    In a statement released in Abuja on Saturday, Emefiele thanked God Almighty for the life of his dear wife who was rescued on Fridaynight.

    He praised security agencies for their gallantry in bringing his wife back home within 24 hours in compliance with the directive […]

  • Emefiele links elites’ taste for foreign goods to forex scarcity

    Emefiele links elites’ taste for foreign goods to forex scarcity

    The Central Bank of Nigeria (CBN) has blamed the elite who preferred imported materials to local ones for the foreign exchange crisis and its immense contributions to the current nation’s economic woes.

    The apex bank, through its Governor, Godwin Emefiele, lamented that Nigerians spend nothing less than £2 billion on their children studying abroad at the detriment of the the country’s educational sector.

    Speaking at the National Institute for Policy and Strategy Studies (NIPSS), shortly after he delivered a lecture titled “Managing […]