Godwin emefiele news

Here are some recent news updates about Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN):

Recent News

  1. CBN's Monetary Policy Committee (MPC) Meeting: The CBN's MPC met on March 22-23, 2023, to discuss the country's economic situation and monetary policy. Emefiele, as the Governor, led the committee in reviewing the country's economic performance and setting monetary policy directions. (Source: Vanguard News)
  2. Inflation Rate: The CBN has maintained that the country's inflation rate is expected to remain within the target range of 6-9% in 2023. Emefiele has emphasized the need for fiscal discipline and monetary policy coordination to achieve this target. (Source: ThisDay Live)
  3. Naira Redesign: The CBN has continued to implement its naira redesign policy, which aims to reduce the circulation of old naira notes and curb inflation. Emefiele has assured that the policy will help to improve the country's economy and reduce the risk of currency manipulation. (Source: The Punch)
  4. Foreign Exchange Market: The CBN has taken steps to stabilize the foreign exchange market, including the introduction of a new foreign exchange window and the implementation of a foreign exchange management system. Emefiele has emphasized the need for a stable foreign exchange market to support economic growth. (Source: BusinessDay)
  5. Economic Growth: Emefiele has expressed optimism about the country's economic growth prospects, citing the CBN's efforts to stabilize the economy and improve the business environment. He has also emphasized the need for fiscal discipline and investment in key sectors such as infrastructure and agriculture. (Source: Leadership Newspaper)

Previous News

  1. CBN's Intervention in the Foreign Exchange Market: In 2022, the CBN intervened in the foreign exchange market to stabilize the naira and prevent a further depreciation. Emefiele led the CBN's efforts to manage the foreign exchange market and prevent a currency crisis. (Source: The Guardian)
  2. Inflation Rate and Monetary Policy: In 2021, the CBN raised its monetary policy rate to 11.5% to combat inflation and stabilize the economy. Emefiele has emphasized the need for monetary policy coordination with fiscal policy to achieve economic stability. (Source: Premium Times)
  3. Naira Redesign and Cashless Policy: In 2020, the CBN introduced a naira redesign policy and a cashless policy to reduce the circulation of cash and promote digital payments. Emefiele has emphasized the need for a cashless economy to reduce corruption and improve economic efficiency. (Source: The Nation)

Please note that these news updates are subject to change and may not reflect the current situation.