Emefiele news

You're looking for news about Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN). Here are some recent updates:

Recent News

  1. CBN's Monetary Policy Committee (MPC) Meeting: The CBN's MPC met on March 22-23, 2023, and decided to maintain the Monetary Policy Rate (MPR) at 15.5%. The committee also voted to retain the Cash Reserve Ratio (CRR) at 27.5% and the Liquidity Ratio at 30%.
  2. Inflation Rate: Nigeria's inflation rate rose to 18.17% in February 2023, according to the National Bureau of Statistics (NBS). Emefiele has expressed concerns about the rising inflation rate and its impact on the economy.
  3. Naira Redesign: The CBN has announced plans to redesign the N200, N500, and N1,000 banknotes. Emefiele has stated that the move is aimed at reducing counterfeiting and improving the efficiency of the financial system.
  4. Economic Growth: Emefiele has expressed optimism about Nigeria's economic growth prospects, citing the country's strong agricultural sector and the potential for growth in the non-oil sector.
  5. Fiscal Policy: The CBN has called for a more coordinated approach to fiscal policy, urging the government to prioritize fiscal discipline and reduce its reliance on debt financing.

Recent Quotes

  1. "We are concerned about the rising inflation rate, and we will continue to monitor the situation closely." - Godwin Emefiele, CBN Governor
  2. "The redesign of our currency is a critical step towards reducing counterfeiting and improving the efficiency of our financial system." - Godwin Emefiele, CBN Governor
  3. "We are confident that our economy has the potential for strong growth, driven by our strong agricultural sector and the potential for growth in the non-oil sector." - Godwin Emefiele, CBN Governor