The Olaide Akinremi-led Ad Hoc Committee of the House of Representatives has summoned Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, for allegedly refusing to account...

Nigeria central bank boss Godwin Emefiele has justified why the bank is printing more money to finance the federal government budget. “If government cannot finance all its obligations,” the central bank should offer support as a lender of last resort, Emefiele said in a press briefing on Tuesday. Emefiele is reacting to claims by a…

A contempt charge has been instituted against Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, over his alleged refusal to order payment of N182 billion to the Ogoni people.

“The market shall operate as a single market structure through the interbank and autonomous window. The exchange rate will be purely market-driven,” Emefiele told reporters.

The Central Bank of Nigeria has assured stakeholders that the flexible foreign exchange (forex) management policy would strengthen the market.