Governor of the Central Bank of Nigeria

2023 - 3 - 22

Post cover — Image courtesy of "SaharaReporters.com"

I Apologise For Failed Online Banking Transactions Which ... (SaharaReporters.com)

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has admitted that Nigerians are experiencing difficulties in carrying out online banking ...

But no doubt it is as a result of the deluge of online transactions that hit the banking industry. But it is being resolved. Emefiele said this while addressing newsmen at the end of the two-day meeting of the committee in Abuja on Tuesday when he confirmed the challenges Nigerians were facing as a result of the limit on cash withdrawals.

Emefiele Apologises for Online Transactions Failure - Arise News (Arise News)

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday admitted challenges faced by bank customers following the limit on cash ...

But no doubt it is as a result of the deluge of online transactions that hit the banking industry. Godwin Emefiele, on Tuesday admitted challenges faced by bank customers following the limit on cash withdrawals and apologised for the deluge of online transaction failures in the country. The CBN governor said this just as the Monetary Policy Committee (MPC) of the central bank, resolved to raise the Monetary Policy Rate (MPR) otherwise known as interest rate by 50 basis points to 18 per cent from 17.5 per cent.

Emefiele Apologises For Failed Electronic Transactions (CHANNELS TELEVISION)

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has apologised to Nigerians for the rise in failed electronic banking transactions.

“It was published yesterday that currency in circulation is close to N1 trillion. But no doubt it is as a result of the deluge of the volume of online transactions that hit the banking industry. During the briefing, the CBN boss also spoke on the supply of money in the country, stating that the implementation of the naira redesign policy has resulted in a reduction in currency outside the banks.

'They will be resolved quickly' — Emefiele apologises for failed ... (TheCable)

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has apologised to Nigerians for the rise in failed electronic banking transactions.

“It was published yesterday that currency in circulation is close to N1 trillion. But no doubt it is as a result of the deluge of online transactions that hit the banking industry. But it is being resolved,” Emefiele said.

Emefiele apologises to Nigerians for failed online transactions (Guardian)

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, on Tuesday apologised to Nigerians for the failed online transactions.

But no doubt it is as a result of the deluge of online transactions that hit the banking industry. But it is being resolved,” Emefiele said while addressing journalists at the end of the two-day meeting of the committee in Abuja. The CBN governor warned bank shareholders to be mindful of the fact that “banking licence is a privilege and not a right as it can be withdrawn if shareholders misbehave.

Emefiele Speaks on Relation Between Nigerian Banks and Failed ... (Legit.ng)

The Central Bank of Nigeria Governor, Godwin Emefiele, has revealed that Nigerian banks are not directly exposed to failed banks in the United States of ...

According to Emefiele, Nigerian banks are owned by depositors and not shareholders. Available data shows that Nigerian banks have maintained a healthy cash reserve ratio of 43% of their cash, with CBN as a buffer in times of stress. [Reports ](https://nairametrics.com/2023/03/21/nigerian-banks-not-exposed-to-svb-emefiele/)say the apex bank boss stated that Nigerian banks are healthy and have met all the prudential guidelines set by the CBN for the financial sector. He said the CBN reviewed all bond portfolios of Nigerian banks and found that none of the banks were exposed to the failed bank. [Central Bank of Nigeria](https://www.legit.ng/tags/cbn/), has stated that Nigerian banks are not directly exposed to collapsed Silicon Valley Bank (SVB) in the United States. - The Central Bank of Nigeria Governor, Godwin Emefiele, has said that no Nigerian banks are affected by failed banks in the US

Central Bank Boss Apologises To Nigerians Over Electronic ... (The Heritage Times)

By John Ikani Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has expressed his regrets to Nigerians for the inconvenience caused by the ...

The CBN will continue to inject the newly redesigned currency into the market,” the CBN Governor stated. “Before the naira redesign, only N500 billion out of N3.23 trillion in circulation was held in the banking system, while N2.73 trillion was outside the banking system. Nevertheless, the issue is currently being resolved,” Emefiele said.