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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

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    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    iPhone 16 Sales Surge 20% in China, Signaling a Strong Comeback

    iPhone 16 Sales Surge 20% in China, Signaling a Strong Comeback

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    Grid Africa Secures $2.8 Million for Renewable Energy Initiatives in South Africa

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    Pick n Pay Set to List Boxer Business in Africa’s Largest IPO of 2024

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    One Direction Star Liam Payne Dies after Hotel Balcony Fall

    One Direction Star Liam Payne Dies after Hotel Balcony Fall

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CBN Writes Reps, Says Emefiele will not appear due to Ill-health

by Eucharia Egwuma
December 21, 2022
in National, Headlines
Reading Time: 1 min read
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CBN reduces MPC rate from 13.5% to 12.5% over Coronavirus
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The Governor of the Central Bank of Nigeria, Godwin Emefiele, will not appear before the House of Representatives on Thursday, the apex bank has said.

Emefiele will be represented by the Deputy Governor, Financial System Stability, CBN, Aisha Ahmad.

In the latest letter the House received from the Deputy Governor, Corporate Services, CBN, Edward Adamu, Emefiele was said to be ill and would not appear before the lawmakers in person.

For the second time, Emefiele failed to appear before the House on Tuesday.

Amidst protests and condemnation, the lawmakers rescheduled his appearance for Thursday, insisting on suspension of the cash withdrawal limits set by the apex bank.

The House had summoned Emefiele to explain the latest policy by the CBN which, among others, set limits to cash withdrawals at the Deposit Money Banks and other financial institutions.

After Gbajabiamila read out Amadu’s letter to members in the middle of Wednesday’s plenary, the lawmakers resolved to accept Emefiele’s representation.

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