Non-oil export rakes in $4.9b under CBN RT 200 FX Programme

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says a total of $4.987 Billion hasbeen repatriated into the country by non-oil exporters in 2022, under the Race to US$200 Billion in Foreign Exchange (FX) Repatriation (RT200) programme launched in February 2022 by the CBN, in collaboration with the Bankers’ Committee.

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With newly redesigned Naira notes, there will be no huge cash withdrawal – Emefiele

WorldStage Newsonline– Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that with the introduction of the redesigned Naira notes, no individual or organisatiin will be allowed to withdraw huge cash without being interrogated from relevant anti-corruption agencies.

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CBN’s MPC further raises reference interest rate by 100bps to 16.5%

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting today unanimously voted to increase the Monetary Policy Rate (MPR) further by 100bps to 16.5% – the fourth consecutive rate hike and the highest rate since November 2002 (18.5%).

CBN’s MPC further raises reference interest rate by 100bps to 16.5% Read More