Nigerian president pledges thorough housecleaning of central bank

STORY: Nigerian president pledges thorough housecleaning of central bank DATELINE: Oct. 3, 2023 LENGTH: 00:01:08 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Nigeria's central bank 2. various of banking activities 3. various of speech by Bola Tinubu, Nigerian President STORYLINE: Nigerian President Bola Tinubu on Sunday pledged to oversee a thorough housecleaning of the country's central bank to rid the institution of corruption. In a nationwide broadcast to commemorate Nigeria's 63rd independence anniversary, Tinubu shed light on some critical and sensitive national issues, including instituting a monetary policy that will be for the benefit of all Nigerians. He described the Central Bank of Nigeria (CBN) under the leadership of former governor Godwin Emefiele as a "den of malfeasance," saying that the "housecleaning is well underway" in a move aimed at bringing large-scale corruption in the financial institution to an end. While noting a new leadership for the central bank has just been c

Nigeria launches new banknotes

STORY: Nigeria launches new banknotes DATELINE: Nov. 25, 2022 LENGTH: 00:03:26 LOCATION: Abuja CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of President Muhammadu Buhari and officials at the launch of the redesigned naira notes 2. various of Godwin Emefiele, governor of the CBN presenting the redesigned notes to the president 3. various of officials present 4. SOUNDBITE 1 (English): MUHAMMADU BUHARI, Nigerian president 5. various of Nigeria's central bank building 6. various of commuters 7. SOUNDBITE 2 (English): MUHAMMADU BUHARI, Nigerian president 8. various of transactions at a commercial bank 9. various of some Nigerian local currencies STORYLINE: Nigerian President Muhammadu Buhari launched the re-designed local banknotes to control the supply of the local currency, the Nigerian naira, in the country's capital Abuja on Wednesday. Speaking during the unveiling of the locally-produced currencies, Buhari explained in detail the basis for his approval to the Central Bank of Nigeria (CBN) to redesign t

NIGERIA-ABUJA-RE-REDESIGNED BANKNOTES-LAUNCH

NIGERIA-ABUJA-RE-REDESIGNED BANKNOTES-LAUNCH

(221124) -- ABUJA, Nov. 24, 2022 (Xinhua) -- Nigerian President Muhammadu Buhari(R) and Godwin Emefiele, the Governor of the Central Bank of Nigeria, present the re-designed banknotes of Nigerian naira in Abuja, Nigeria, on Nov. 23, 2022. Nigerian President Muhammadu Buhari on Wednesday launched the re-designed local banknotes to control the supply of the Nigerian naira, the local currency of the most populous African country. (Photo by Sodiq/Xinhua)

Nigeria's apex bank raises benchmark interest rate to 13 pct

STORY: Nigeria's apex bank raises benchmark interest rate to 13 pct DATELINE: May 26, 2022 LENGTH: 00:01:30 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Abuja city, Nigeria's capital 2. various of central bank of Nigeria building 3. various of commuters 4. various of small businesses 5. SOUNDBITE (English): GODWIN EMEFIELE, Governor of the CBN STORYLINE: Nigeria's apex bank on Tuesday raised the Monetary Policy Rate, the benchmark interest rate, to 13 percent -- the first hike in more than two years. The Central Bank of Nigeria (CBN) raised the interest rate by 150 basis points to combat rising inflation in the most populous African country, Godwin Emefiele, governor of the CBN, told reporters at the end of the apex bank's Monetary Policy Committee (MPC) meeting in Abuja, the Nigerian capital. The bank, however, retained all other parameters, including the cash reserve ratio at 27.50 percent, and the liquidity ratio at 30 percent, Emefiele said. According to the apex bank's governor, the b