CBN governor denies allegations of monetary rascality

CBN governor expects the recession to end by the second quarter.

Governor of the Central Bank of Nigeria, Godwin Emefiele says the apex bank plans to pursue a program of recapitalising the banking industry in the next five years. He made this known while unveiling his 5-year policy direction for his second term in office. Andrew Nevin, Partner and Chief Economist at PwC Nigeria joins CNBC Africa to assess the CBN’s 5-year plan.

The Dangote Group on Saturday said its $2 billion Granulated Urea Fertiliser plant located at Ibeju Lekki, Lagos would begin operation in May.

Vice President Yemi Osinbajo has disagreed with the Central Bank of Nigeria to ban Crypto-Currencies transactions in the country. Osinbajo spoke at the CBN/Bankers Committee’s Initiative for Economic Growth in Lagos and called on the CBN and the Securities and Exchange Commission to put in place a robust framework for the regulation of Crypto-Currencies. The CBN had ban Crypto-Currencies usage in Nigeria a few weeks ago.

House of reps summons CBN governor, army chief

the Governor of the Central Bank of Nigeria, Godwin Emefiele, has also refuted recent allegations by Governor Godwin Obaseki, of monetary rascality by the Apex bank.