On Tuesday, the Senate held a closed-door ministerial briefing with the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.
According to what we gathered, the meeting was to gauge the effectiveness of the monetary and fiscal policies that have been adopted by the apex bank to salvage the current economic situation in the country.
During the briefing, members of the Senate questioned the CBN Governor on the recent changes made to Nigeria’s foreign exchange management policy; the determination of foreign exchange rates; the monetary policy of the Federal Government; the challenges being experienced by many commercial banks; and the need to diversify and grow Nigeria’s economy for better performance.
It was further gathered that lawmakers promised to continue to collaborate with the necessary bodies to bring succour to the Nigerian people in the form of effective oversight and innovative legislation.
Minister of Finance, Mrs Kemi Adeosun, has been ordered to appear before the Senate to explain what is happening to the country’s economy. Also asked to come for questioning is the governor of Central Bank of Nigeria, CBN, Godwin Emefiele. The lawmakers, at the plenary on Wednesday, May 25, 2016,…
Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has predicted that the economy would experience a boom by the end of 2018 just as he hinted of a hike in interest rate by May 2016 at the Monetary Policy Committee, MPC, of the Apex Bank, following the inflation…
The Nigerian Senate has confirmed Zenith Bank Managing Director, Godwin Emefiele, as the new Governor of Central Bank of Nigeria, CBN. His confirmation was done on Wednesday afternoon by members of the red chambers of the National Assembly. Emefiele will replace Sanusi Lamide Sanusi, who was recently suspecded by President…
