As against initial reports that the Central Bank of Nigeria (CBN) has denied plans to stop foreign exchange to Deposit Money Banks, Brand Spur Nigeria reports.

Godwin Emefiele had during an interaction with journalists present at the Bankers Committee meeting held on Thursday, February 11, 2022, the CBN will stop banks from coming to the CBN for foreign exchange and will direct them to the export proceeds market where they can match their import needs with export proceeds.

However, a senior executive of the apex bank who spoke to Nairametrics has disclosed that Godwin Emefiele was misquoted.

The CBN Executive explained that the Governor was merely painting a hypothetical scenario that should have been the ideal state of affairs if banks focused more on export proceeds as a source of forex rather than depending solely on the CBN.

“The CBN is an institution and does not make policy based on verbal responses to a question. The Governor was only responding to a question and was painting a hypothetical scenario. So, there are no plans to stop the sale of forex to banks this year. Such plans are usually well-crafted policies that go through several consultations especially with banks before they are even made public. Recall, we just got out of a meeting with top bank executives where several presentations were made by several committees and nowhere was the issue of stopping the sale of forex to banks discussed,” the CBN official said.

Meanwhile, Kemi Christina Abdul has been appointed New York-based Sustainability, Digital, Energy, and Infrastructure Investor.
She announced this via her LinkedIn handle saying, “I am deeply honoured and excited to have been appointed, by the Central Bank of Nigeria, to serve as a board of director of InfraCorp. I look forward to working closely with other members of the board, many of whom are trailblazers in their respective fields.”

“InfraCorp is gearing up to change the face of infrastructure in frontier markets and enable economic growth. Infrastructure is the most potent economic enabler.”

SOURCE:https://brandspurng.com/2022/02/11/cbn-debunks-plan-to-stop-sale-of-forex/

Can Emefiele be relieve of his job please

It's glaring he has used all tacts he knows but not working yet he's still retained..

For what purpose

People's Gazzette lying as usual. Na their way

What's wrong with this forum?why the fake news everywhere...you folks should pls try to always verify whatever you are gonna be posting so as not to mislead people on here...
You guys are fond of posting misleading information then the next moment another topic come up to counter it..stop confusing people..
Gracias..

Maradona loves to dribble, well some smoke may not lead to fire. I can solve your basic power problem, Laptop, Tv etc. See previous post.

This CBN governor MR Godwin does not have God on his side and he can’t Win back the sick economy. Yeye Godwin

Mynd44:
People's Gazzette lying as usual. Na their way

Mynd44 hope you are doing great today?
Could you pls do me a little favor by deleting my topic...will really appreciate..
Thanks in advance and enjoy..

If dem like sef mak dem no print Naira again sef na dere wahala be dat..

in any kind of weather we go survive...

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Isoright

Hehehe.

CBN governor is the most confused man presently in Nigeria. He is neither here nor there. Just dancing to the tune of his pay masters.

TheNiceGuy:
Can Emefiele be relieved of his job please

It's glaring he has used all tacts he knows but not working yet he's still retained..

For what purpose

Welcome to Nigeria. Where people are retained in positions not due to competence, but based on loyalty to the powers that be.

Emefiele has done several trials and non has yielded any positive results

Nobody will truly understnd the plight of a jobless Nigerian graduate. Someone should pls in God's name, buy me food.

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Emefiele and buhari are bunch of clueless office holder.

No today?

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Na wa o. The next president should appoint someone outside of the banking sector as CBN Governor.

Prof. Soludo was brought from the academia to become Economic Adviser to Presidential Obasanjo and later CBN Governor and he did wonders.

The next president should do the same.

Also, the next president should appoint a competent finance minister. This is because the finance ministry and CBN are important and the appointments into such institutions must be based on merit.

If not, na policy summersault we go see o.

FERNANDEZISBACK:
What's wrong with this forum?why the fake news everywhere...you folks should pls try to always verify whatever you are gonna be posting so as not to mislead people on here...
You guys are fond of posting misleading information then the next moment another topic come up to counter it..stop confusing people..
Gracias..

There was no lie told.he actually said it.Read this post again.

Useless people. Let them stop it nah. Why Buhari is still retaining that good for nothing Emefiele still surprises me

Cbn gov is one of our problem in nig. Emefiele is not the one for that position. He is as dull as Buhari

This terrorism backing govt is so confused

erico2k2:

There was no lie told.he actually said it.Read this post again.

I know..I was only referring to the other one from someone else tho it didn't get to front page..
The other post was saying something different..

FERNANDEZISBACK:
What's wrong with this forum?why the fake news everywhere...you folks should pls try to always verify whatever you are gonna be posting so as not to mislead people on here...
You guys are fond of posting misleading information then the next moment another topic come up to counter it..stop confusing people..
Gracias..

It is on the front page, and it is a lie... God help nairaland

CBN workers are the ones running things in Nigeria. How can an ordinary worker be a billionaire? EFCC will never beam their searchlights on them because they are benefiting from the largesse.

Forest exchange, I know nothing concerning this exchange as a science student are they talking about loan because everything about Nigeria is receiving loan from foreign country.

Emefele is incompetent to be a CBN Governor.He should be manage as a bank teller employee.

funmike83:
Cbn gov is one of our problem in nig. Emefiele is not the one for that position. He is as dull as Buhari

He is used as their puppet to divert funds.

Really?

CBN will stop it ,they are just playing with the mic

TheNiceGuy:
Can Emefiele be relieved of his job please

It's glaring he has used all tacts he knows but not working yet he's still retained..

For what purpose

Dude is just chopping our money and also dancing to their tunes. There is a middle level CBN worker who is currently a billionaire. There are others like him. Seeing him makes me cry for Nigeria.

Goldbw122:

It is on the front page, and it is a lie... God help nairaland

You don't get my point.. someone posted something different from this like opposite you get?
So I was only saying people should stop posting unverified news..this one is true I was only addressing the other one..

If Emefiele tries it, A dollar will be 2000 naira.

Emefiele is more interested in saving his job than saving the economy.

Remember boys and girls, when this administration denies something, it is definitely true.