Friday, 5 May 2017


The governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday said he met with and briefed President Muhammadu Buhari on activities of the CBN.

This is Emefiele's first time of addressing State House reporters since he became CBN governor in February, 2014.

The CBN governor was brought to the State House Press Gallery by President Buhari's private liaison officer (PLO), Shehu Usman Bello, for the interview.

This is happening amidst growing concerns in various quarters that President Buhari has not been seen in public in recent times.

It would be recalled that within the last one month, the president failed to attend three Federal Executive Council meetings.

But the CBN governor told journalists that he briefed Buhari today and that the president expressed delight over the stability of the foreign exchange market.

Emefiele said: "Basically, as it is 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 stabilise the forex market.

"And we briefed him regarding the activities so far and he was very delighted to hear that the market is stabilising at the level that it is right now, and I am saying the parallel market which currently stabilises at between 380 and 385.”

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