₦airaland Forum

ABUJA- Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on Thursday briefed President Muhammadu Buhari over the instability in the country’s foreign exchange market which has continued to impact negatively the value of Naira. Emerging from the presidential wing of the Villa after a closed door meeting, Emefiele told State House correspondents that he updated the president on the efforts being made by the apex bank to stabilize the local currency.

The governor stated that the economy was also looking good with the rising price of crude oil which he said was “oscillating between $50 to $55 and $56” per barrel. According to him, the rise in crude oil prices at the international market was a boost to the stability of Naira. The value of the nation’s currency, he noted, is currently hovering between N380 and N385 in the parallel market. Emefiele said: “Basically, as it’s expected, what we normally do is from time to time to brief the President about activities about the Central Bank of Nigeria particularly at this time as it relates to the efforts that the central bank is doing to stabilize the Forex market. “And we briefed him regarding the activities so far and he was very delighted to hear that the market is stabilizing at the level that it is right now and I am saying the parallel market which currently stabilizes at between N380 and N385. “There is no secret. It’s about the fact that at this time we have seen production of crude and increasing export of crude also. The fact that we have seen also crude prices oscillating to between $50 to $55 to $56. It has helped our revenue position and had also provided some ammunition for the Central Bank to defend the currency. “Given what we have right now the fact that the revenues are looking good, the state of the economy is good and I believe that we are going to pull out of the problem in due course” Asked if the intervention of the apex bank which comes by way of injecting more funds into the forex market was sustainable, Emefiele said that it was the responsibility of CBN to ensure that businesses were not stifled on the account of dearth of foreign exchange. “Our responsibility as Central Bank of Nigeria is to do what we are doing at this time. Nigerians or importers, people who need foreign exchange to do businesses need these foreign exchanges to conduct businesses and given the fact that we are able to increase our EFEX revenues, the natural thing to do is to make the foreign exchange available to those who need them to import or to carry

Read more at: http://www.vanguardngr.com/2017/05/cbn-governor-briefs-buhari-forex-crisis

The thing they need to stabilize now, is the President's life.

No pishure and he was told by Doctor to rest..Olorun gbawa

Ha! I know say ds government no dey carry photo sessions play, that's why he has so many media and photography aides. How is it then that these so-called meetings take place and there is no single photograph?!

Breeze still dey gather make e blow scatter fowl nyash. Una kontinuu o!

kenny987:
Ha! I know say ds government no dey carry photo sessions play, that's why he has so many media and photography aides. How is then that these so-called meetings take place and there is no single photograph?!

Breeze still dey gather make e blow scatter fowl nyash. Una kontinuu o!

Everything the Governor of Central Bank wanted to tell Buhari was recorded in a phone and played for the President to watch. The President made his response through the same channel.

The President and the CBN governor were not together, reason why there were no pictures.

Pinshure or??

Tolexander:
Everything the Governor of Central Bank wanted to tell Buhari was recorded in a phone and played for the President to watch. The President made his response through the same channel.

The President and the CBN governor were not together, reason why there were no pictures.

Haaa!
So even his CBN governor cannot see him? How can we know if it's him or Daura speaking?

Finally, we don enter one chance

Give us a video of emefiele briefing him..........or we dont believe, except Afonja's

No Pinshure?
I'm sure he met President Mamman Daura

Give us a video of emefiele briefing him..........or we dont believe, only Afonja's are easily brainwashed.

kenny987:
Ha! I know say ds government no dey carry photo sessions play, that's why he has so many media and photography aides. How is then that these so-called meetings take place and there is no single photograph?!

Breeze still dey gather make e blow scatter fowl nyash. Una kontinuu o!

Sadly, you are right.

I pray the president get well asap. Most importantly, his handlers should allow him get medical help before it is too late.

This story ehn...




































Sounds so hanky-panky

iwaeda:
No pishure and he was told by Doctor to rest..Olorun gbawa

Infact eh, this country don tire me. The way the presidency lies just to hold on to power is amusing.

seunmsg:
Sadly, you are right.

I pray the president get well asap. Most importantly, his handlers should allow him get medical help before it is too late.

His handlers should tell him to resign and let osinbanjo take over.. Make him no go die for there. I tire for this country abeg.

no picture of the meeting.. if na mosque he visits, everywhere go full of pictures..

let them continue deceiving themselves

No picture because our president is in a GHOST MODE now!

Tolexander:
Everything the Governor of Central Bank wanted to tell Buhari was recorded in a phone and played for the President to watch. The President made his response through the same channel.

The President and the CBN governor were not together, reason why there were no pictures.

Huh? So what does this mean?

Emerging from the presidential wing of the Villa after a closed door meeting, Emefiele told State House correspondents that he updated the president on the efforts being made by the apex bank to stabilize the local currency.

Closed door meeting with whom? Some recording device of a video call? Then why did he have to come to the villa? Let me assume this is ur idea of sarcasm albeit a badly played one.

See journalist oh! Na FX not EFEX

Abeg make debit cards begin work for international spend, na my own concern be that

sponsored article.

DrGoodman:
The thing they need to stabilize now, is the President's life.

Gbam!

drss2:
sponsored article.

by iPods

The dead bu ha ri or the buried one

argon500:
no picture of the meeting.. if na mosque he visits, everywhere go full of pictures..

let them continue deceiving themselves

he can't even walk, so how he wan take go mosque

DrGoodman:
Haaa!
So even his CBN governor cannot see him? How can we know if it's him or Daura speaking?

Finally, we don enter one chance

It is surprising that a government that thrives of photography can not produce ordinary footage.

dragonking2:
His handlers should tell him to resign and let osinbanjo take over.. Make him no go die for there. I tire for this country abeg.

The problem with this kind of situation is that there is no clear cut direction.