Home / Tag Archives: Godwin Emefiele

Tag Archives: Godwin Emefiele

FG Sets Aside $1.3b For SMEs Financing

Kemi Adeosun

The Federal Government has set aside about $1.3 billion to support Small and Medium Enterprises (SMEs) in the country. The fund will be managed by the Development Bank of Nigeria (DBN), the Minister of Finance, Mrs. Kemi Adeosun, has said. Mrs. Adeosun, who spoke during a briefing with Nigerian reporters …

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Dollar scarcity to continue, bad loans rising — CBN

Godwin Emefiele

The scarcity of foreign exchange will remain challenging in the second half of 2016 due to low oil prices, which may push up credit risks for commercial banks as naira weakness makes loans harder to service, the Central Bank of Nigeria(CBN) has said. In its half-year Financial Stability Report, the …

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Nigeria loses N6.33t to naira devaluation

Bank

  Nigeria will spend an equivalent of its 2016 budget to service debts as its currency, the naira, continues to lose value against the United States dollar. Devaluation has put the real value of the country’s debt stock at around N18.9 trillion, when considered at the official rate of N307.79 …

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Petrol selling above N145/L in 16 states

petrol

Amidst controversies over appropriate pump price for petrol, reports of the National Bureau of Statistics, NBS, has indicated that petrol marketers in 16 states of the country are selling the product significantly higher than the N145 maximum price stipulated by the federal government. Vanguard reports that while the marketers have …

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Development of housing sector crucial to economic growth, Says CBN

Bank

The development of Nigeria’s housing market is key to growing the economy and the Gross Domestic Product (GDP), Mr. Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), has declared. Emefiele stated this at the opening ceremony of the 32nd Annual Conference and General Meeting of the African Union for …

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Nigeria likely to get out of recession in Q4, CBN Governor Reveals

Godwin Emefiele

Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria,(CBN), has predicted that the nation’s economy will likely come out of recession by the fourth quarter of this year when the result of the various measures put in place by the Federal Government and the monetary authorities becomes manifest. One …

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Nigeria’s External Reserve Diminishes By $1bn

Godwin Emefiele

The country’s external reserves have been depleted by $1bn in the last five weeks, latest statistics from the Central Bank of Nigeria have showed. This follows the CBN’s almost daily intervention at the interbank/official foreign exchange market in recent weeks, as chronic dollar shortage continues to weigh on the economy. …

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