Emefiele not sacked – CBN spokesman

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Uba Group

Uba Group

The head of corporate communications of the Central Bank of Nigeria, Osita Nwanisiobi, has said that a rumour of a purported sack of the Governor of the Central Bank, Godwin Emefiele, is false.

Nwanisiobi denied the rumor stating that “he is not aware of any sack of the CBN Governor.”

In a shock to the markets, the CBN on Tuesday raised its benchmark Monetary Policy Rate to 13 per cent.