Discover and read the best of Twitter Threads about #Emefiele

Most recents (15)

#CBN Governor, Mr. Godwin #Emefiele, launched the Financial Literacy eLearning Platform, #SabiMONI, with the declaration that the Bank is determined to meet the target of 95% financial inclusion by 2024. 1/5 ImageImage
#SabiMONI portal will serve as a repository of information not only for learners and trainers but also for researchers in the most effective manner. 2/5 ImageImage
#SabiMONI portal will help the Bank reach more people, make them aware of the benefits of financial products/services, increase the use of financial services, make better financial decisions and further drive Financial Inclusion’’ - Deputy Governor, FSS, Mrs. Aishah Ahmad. 3/5 ImageImage
Read 5 tweets
CBN Governor, Mr. Godwin Emefiele, says the measures taken by the CBN MPC so far to rein in inflation have been potent and are yielding the expected outcome. #CBNMPC Image
#Emefiele restates optimism that Nigeria will attain the desired level of financial inclusion by 2024.
CBN Governor, Mr. Godwin Emefiele reiterates Bank’s decision to reduce aggressive intervention in quasi-fiscal activities.
Read 5 tweets
Central Bank of Nigeria (CBN), Mr. Godwin Emefiele unveils the first African Central Bank-led National Domestic Card Scheme – AfriGo; says the new card scheme will be accessible to all Nigerians and also address our local peculiarities.
#NationalDomesticCardScheme #AfriGo “The domestic card scheme is expected to strengthen the national payments system and deepen the usage of electronic platforms in Nigeria” - #Emefiele
#NationalDomesticCardScheme #AfriGo CBN Governor, #Emefiele says the Bank’s Cash-less Policy has created value, engendered competition and attracted investment into the Nigerian banking and payments ecosystem.
Read 10 tweets
#CBNMPC votes to raise MPR by 100 basis points from 16.5% to 17.5%
Retains Cash Reserve Ratio (CRR) at 32.5%, Liquidity Ratio (LR) at 30.0% and Asymmetry Corridor at +100/-700 basis points around the MPR Image
CBN Governor, Emefiele, maintains stance on the January 31, 2023 deadline for the deposit of old N200, N500, and N1,000 banknotes; says CBN staff and bank agents all over Nigeria on sensitization and currency swap with a specific focus on rural areas and the underserved
CBN Governor Godwin #Emefiele says about N1.5 trillion of the currency in circulation has been raked back into banks’ vaults since the launch of new series of banknotes
Read 6 tweets
#CBN Governor, Godwin Emefiele delivers #CIBN Annual lecture; outlines policy thrust for 2023.

Emefiele expresses optimism that the short-term outlook of the Nigerian economy remains good. Image
#CBN Governor urges Nigerians to find imaginative solutions to build a country where balanced growth and shared prosperity is guaranteed for all.

#Emefiele says monetary policy will remain focused on the objectives of price, monetary, and exchange rate stability. Image
“We will maintain the current tight Monetary Policy stance in the near-term, especially in view of rising inflation expectations and exchange market pressures,” – Emefiele.

He projects that GDP growth rate will remain positive in the remaining quarter of 2022 and during 2023.
Read 10 tweets
#Emefiele says 1tn Naira made available to manufacturing and agric sectors - 856bn has been disbursed to 77 companies; 36 Agro-based, 30 in services and 11 in mining tailored towards employment generating and output stimulating sectors of the economy at 5% interest rate. #CBNMPC
#MPC pushes for additional 100bn Naira for Targeted Credit Facility to stimulate growth.
Read 7 tweets
#CBN Governor, #Emefiele says First Bank of Nigeria is one of Nigeria’s systemically important banks given its historical significance, balance sheet size, large customer base and high level of interconnectedness with other financial service providers. #FBN
#CBN directs immediate removal of all Directors of @FirstBankngr Ltd and @FBN Holdings Plc
#CBN reassures First Bank of Nigeria depositors, creditors and other stakeholders of the bank of its commitment to ensure the stability of the financial system.
Read 9 tweets
Consistent with the global trend, Nigeria aspires to ensure that remittance flows and diaspora investments become a significant source of external financing. #Emefiele
#CBN strives to constantly improve our remittance infrastructure, ease the process of international money transfer and simplify the experience for senders and recipients. #Emefiele
In an effort to reduce the cost burden of remitting funds to Nigeria by working Nigerians in the Diaspora, the #CBN has introduced a rebate of N5 for every $1 of fund remitted to Nigeria, through IMTOs licensed by the CBN. The Scheme will take effect on the 8th of March 2021.
Read 8 tweets
#Emefiele hosts the signing of local production contract between P&G and Colori Cosmetics Nigeria, for the localization of manufacturing of Oral B products by P&G in Nigeria, as part of commitment by the #CBN to strengthen the manufacturing sector. Adil Farhat, P&G Managing Director for Nigeria;  Godwin Emef
Manufacturing industries have been a key focus of the efforts by the monetary and fiscal authorities towards driving recovery of the Nigerian economy. #Emefiele
Nigeria offers significant advantages for multinational manufacturing firms that choose to invest in domesticating their production lines in Nigeria. #Emefiele
Read 6 tweets
#Emefiele leads the Bankers’ Committee to sign MOU for the handover of the National Arts Theater, Iganmu, Lagos.
#Emefiele says revamping the National Arts Theatre will unlock the creative talents of hundreds of thousands of Nigerian youths in the fields of music, movie, fashion and information technology.
Bankers’ Committee to provide funding for a prototype cluster labeled “the Signature Cluster” which consists of a building each for Music, Film, Fashion and Information Technology verticals.
Read 7 tweets
#CBN and Bankers' Committee take over rehabilitation work at the National Theatre, Iganmu, Lagos. L-R: Minister of Youth and Sports, Mr Sunday Dare; Minister
Facility will help in unleashing the creative talents of Nigeria’s youths across multiple sectors and in supporting Mr.President's objective of creating new employment opportunities for Nigerians. #Emefiele
Harnessing the talents of our youths in the creative industries, will lead to the buildup of a more resilient economy #Emefiele
Read 9 tweets
Thread:
#CBN #MPC retains CRR at 27.50 per cent
#CBN #MPC retains liquidity ratio at 30 per cent
#CBN #MPC retains Asymmetric Window at +200 and -500 basis points around the MPR
Read 9 tweets
Thread:
#CBN develops framework for grants and long-term facilities to researchers, science institutions and biotechnology firms to develop Nigerian Vaccine for Corona Virus.
#COVID19 #Emefiele says CBN will support development of vaccine ONCE validated by the Health Authorities
#Emefiele challenges Nigerian Scientists across the world to develop a Nigerian vaccine to check corona virus
Read 3 tweets
Thread:
#CBNResponsetoCOVID19 #COVID19 #CBN to Inject additional N1 Trillion Stimulus in Economy
#CBNResponsetoCOVID19 #COVID19 Emefiele, Bank Chiefs meet on March 21, 2020 to strategize on Stimulus Plan
#CBNResponsetoCOVID19 #COVID19 CBN to boost health sector with additional N100b loan
Read 9 tweets
Thread:
CBN Gov, #Emefiele restates commitment of Central Bank of Nigeria to support household, businesses, other stakeholders to cushion economic impact of corona virus #CBNResponsetoCOVID19 #COVID19
CBN grants one-year moratorium on all principal repayments on all CBN intervention facilities #CBNResponsetoCOVID19 #COVID19Nigeria
CBN directs participating financial institutions to provide new amortization schedule for all beneficiaries of CBN intervention facilities #CBNResponsetoCOVID19 #COVID19Nigeria
Read 12 tweets

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