News about godwin emefiele

Godwin Emefiele is the current Governor of the Central Bank of Nigeria (CBN). Here are some recent news updates about him:

  1. CBN's Monetary Policy Committee (MPC) Meeting: On May 24, 2022, the CBN's MPC met to discuss the country's economic situation. Emefiele led the committee, which decided to maintain the Monetary Policy Rate (MPR) at 13% and the Cash Reserve Ratio (CRR) at 27.5%.
  2. Inflation Rate: In May 2022, Nigeria's inflation rate rose to 17.71%, the highest in over 17 years. Emefiele attributed the increase to global factors, including the Russia-Ukraine conflict, and promised to take measures to stabilize the economy.
  3. Naira Redesign: In October 2022, Emefiele announced the redesign of the N200, N500, and N1,000 banknotes to curb currency counterfeiting and improve the economy. The move was met with controversy, with some Nigerians expressing concerns about the impact on the economy and the poor.
  4. CBN's Intervention in the Foreign Exchange Market: In November 2022, the CBN intervened in the foreign exchange market to stabilize the naira, which had been experiencing volatility due to global economic factors. Emefiele assured that the CBN would continue to monitor the market and take necessary measures to maintain stability.
  5. Economic Growth: In December 2022, Emefiele expressed optimism about Nigeria's economic growth prospects, citing the country's strong agricultural sector and the potential for non-oil exports to drive growth.
  6. CBN's Support for Small-Scale Farmers: In January 2023, the CBN launched a program to support small-scale farmers, providing them with loans and other forms of assistance to improve their productivity and income.
  7. Nigeria's Economic Outlook: In February 2023, Emefiele presented the CBN's economic outlook for 2023, which projected a growth rate of 3.2% for the year. He attributed the growth to the country's strong agricultural sector and the potential for non-oil exports to drive growth.

These are just a few recent news updates about Godwin Emefiele and the Central Bank of Nigeria. If you're looking for more information, I can try to provide you with additional resources or updates.