Thu. Mar 23rd, 2023

Emefiele apologises to Nigerians for failed online transactions

The Governor, Central Bank of Nigeria, CBN, Godwin Emefiele has apologized to Nigerians for the failed online transactions.

Mr. Emefiele who stated this at the Monetary Policy Committee, of the Central Bank resolved to raise the Monetary Policy Rate, otherwise known as an interest rate by fifty basis points to eighteen percent from seventeen point five percent.

He assured Nigerians that all Nigerian banks are safe due to the existing Presidential guidelines instituted by the CBN to protect banks against collapse that will wipe out depositors’ money.

The CBN Governor however, warned shareholders to be mindful of the fact that banking license is a privilege and not a right as it can be withdrawn if shareholders misbehave.

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