Tag: Emefiele Godwin

Senate summon CBN Governor over missing $9.5 Million

The Senate Committee on Public Accounts has given the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, up till Thursday to appear before it. This is following the consideration of a report by Auditor-General for the Federation over the alleged disappearance of $9.5m interest accrued from Petroleum Profit[Read More…]

Central Bank of Nigeria has directed all deposit money banks in the country to restructure

The Central Bank of Nigeria (CBN) has directed banks to restructure loan terms and tenors to households and businesses affected by the coronavirus outbreak. Addressing journalists in Abuja on Monday, Godwin Emefiele, the CBN governor, said the interest rate of its intervention programmes has been cut to 5% from 9%.[Read More…]