Tag: CBN Governor Godwin Emefiele

Heavily Pregnant Woman Dies Over New Naira Crisis

Aliyu Aliyu

How my wife bled, died with baby after banks refused to give me my money needed for hospital bill, husband narrates pity-evoking incident   Heavily pregnant woman in kasuwan magani, kajuru LGA in Kaduna, who was due for delivery, lost her life after all effort by her husband to withdraw money from the bank failed. Narrating the ordeal, James auta said He went with his wife to the hospital on Monday, where the doctor asked him to deposit money before he started to examine her. READ ALSO: Fake Anti-Malaria Drugs…

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DSS Speaks on Report It Invaded CBN, Arrested Emefiele

ADEOLA YUSUF

The Department of State Services (DSS) has denied report making the rounds that its operatives invaded the Centeal Bank of Nigeria today, Monday January 16, 2023, and areested the Governor, Godwin Emefiele. Platforms Africa reports that Peter Afunanya, Public Relations Officer for DSS issued a statement where he declared the reports as fake news. Here is the terse message. NOT INVADED BY DSS The attention of the Department of State Services (DSS) has been drawn to the false news making the round that its operatives invaded the Central Bank of…

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Dollar Hoarders, Speculators Lose As Naira Rebounds to 720/Dollar

Scott Matthew

How, why Naira rose by over 140/dollar within 48 hours – Experts, Traders   Naira, Nigeria’s unit if exchange, has rebounded by 20.8 per cent to 720/dollar at the parallel market, digging a big hole in the purse of hoarders and speculators. The development came two weeks after the local currency came under severe pressure at the black market, following the announcement by the Federal Government to redesign the naira. READ ALSO: Naira Sinks To N860/Dollar, Alters Petrol Depot Dynamics Atiku: Why Obasanjo’s lmage Ought To Be In Redesigned Naira…

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Why We Raised Nigeria’s Interest Rate To 14% – CBN

Ganiyu Amodu

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from 13 percent to 14 percent. CBN Governor Godwin Emefiele announced this on Tuesday during the 286th meeting of the Monetary Policy Committee held in Lagos. He said it was the right option considering economic realities. “The committee resolved that the most rational policy option would be to further strengthen its tightening stance in order to effectively curtail the unabated rising trend of inflation,” Emefiele said. READ ALSO: NNPC To Construct 950 Retail Outlets In 5 Months…

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