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CBN Governor, Godwin Emefiele, Offers To Help The Central Bank Of Gambia In Printing Its Local Currency, Says Nigeria Will Provide Very Quality, But Cheap Services, Boasts Of Our Security Printing Facility As One Of The Best In The World

CBN Governor, Godwin Emefiele, Offers To Help The Central Bank Of Gambia In Printing Its Local Currency, Says Nigeria Will Provide Very Quality, But Cheap Services, Boasts Of Our Security Printing Facility As One Of The Best In The World

June 16, 2021
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President Bola Tinubu Moves To Greatly Transform Nigeria’s Energy Sector, As Special Adviser To The President On Energy, Olu Verheijen, Wraps Up Very Fruitful Engagements With Chevron, Total, Shell, 12 Other Major International And Independent Oil And Gas Companies Operating In Nigeria – FULL DETAILS

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Dailyexcessive
  • Home
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    President Bola Tinubu Moves To Greatly Transform Nigeria’s Energy Sector, As Special Adviser To The President On Energy, Olu Verheijen, Wraps Up Very Fruitful Engagements With Chevron, Total, Shell, 12 Other Major International And Independent Oil And Gas Companies Operating In Nigeria – FULL DETAILS

    President Bola Tinubu Moves To Greatly Transform Nigeria’s Energy Sector, As Special Adviser To The President On Energy, Olu Verheijen, Wraps Up Very Fruitful Engagements With Chevron, Total, Shell, 12 Other Major International And Independent Oil And Gas Companies Operating In Nigeria – FULL DETAILS

    Petrol Marketers Move For The Price Of Petrol To Urgently Increase From N598 – N617 Per Litre To A Whopping N890 – N900 Per Litre, Due To The Recent And Consistent Fall Of The Naira Against The United States Dollar And Surge In The Price Of Crude Oil In The International Market – MORE SHOCKING REVELATIONS

    Petrol Marketers Move For The Price Of Petrol To Urgently Increase From N598 – N617 Per Litre To A Whopping N890 – N900 Per Litre, Due To The Recent And Consistent Fall Of The Naira Against The United States Dollar And Surge In The Price Of Crude Oil In The International Market – MORE SHOCKING REVELATIONS

    My Ambition For Now Is Supporting Tinubu To Succeed – Yahaya Bello

    My Ambition For Now Is Supporting Tinubu To Succeed – Yahaya Bello

    Senior Advocate Of Nigeria Suggests That In Future Elections, “INEC Should No Longer Be A Respondent; INEC Should Be An Independent Party, Adds “I Believe That We Should Move The Onus Of Proof In Electoral Cases To INEC. That Singular Act Will Reduce Election Petitions By 50 Percent” – MAKES MORE SOLID ARGUMENTS

    Senior Advocate Of Nigeria Suggests That In Future Elections, “INEC Should No Longer Be A Respondent; INEC Should Be An Independent Party, Adds “I Believe That We Should Move The Onus Of Proof In Electoral Cases To INEC. That Singular Act Will Reduce Election Petitions By 50 Percent” – MAKES MORE SOLID ARGUMENTS

    Retired Justice Of The Supreme Court Begs 10th Senate President To Amend The 1999 Constitution, To Enhance The Functioning Of Courts, Says By Doing So, The Courts And The Judges Will Be “Freed From The Constraints That Impede Their Ability To Fulfil Their Mandate Of Upholding The Rule Of Law, Justice And Democracy”

    Retired Justice Of The Supreme Court Begs 10th Senate President To Amend The 1999 Constitution, To Enhance The Functioning Of Courts, Says By Doing So, The Courts And The Judges Will Be “Freed From The Constraints That Impede Their Ability To Fulfil Their Mandate Of Upholding The Rule Of Law, Justice And Democracy”

    BREAKING: President Bola Tinubu Boasts In New York, Tells Nasdaq Stock Market That “The Greatest Economy Is Nigeria”, Despite Failing To Show Seriousness About Tackling The Incessant Insecurity And Daily Kidnappings Across The Country, Adds “There Is An Immense Opportunity In Nigeria That You Can Invest Your Money Without Fear

    BREAKING: President Bola Tinubu Boasts In New York, Tells Nasdaq Stock Market That “The Greatest Economy Is Nigeria”, Despite Failing To Show Seriousness About Tackling The Incessant Insecurity And Daily Kidnappings Across The Country, Adds “There Is An Immense Opportunity In Nigeria That You Can Invest Your Money Without Fear

    Great Shock As Dangote Petroleum Refinery Gets Exposed For Currently Importing Crude Oil Into Nigeria For Refining, As The Nigerian National Petroleum Company Limited Says That Due To Its Commitment To Sell Crude Oil To Other Entities, It Cannot Provide Products For Dangote Refinery

    Great Shock As Dangote Petroleum Refinery Gets Exposed For Currently Importing Crude Oil Into Nigeria For Refining, As The Nigerian National Petroleum Company Limited Says That Due To Its Commitment To Sell Crude Oil To Other Entities, It Cannot Provide Products For Dangote Refinery

    All Eyes On Rabiu Musa Kwankwaso’s Alleged Romance With APC, As Election Petition Tribunal Sitting In Kano State Cancels Some Votes Of NNPP’s Governor Abba Yusuf, To Announce APC’s Nasiru Gawuna As The Authentic Winner Of The 2023 Kano State Governorship Election By 897,000 To 850,000 Votes

    All Eyes On Rabiu Musa Kwankwaso’s Alleged Romance With APC, As Election Petition Tribunal Sitting In Kano State Cancels Some Votes Of NNPP’s Governor Abba Yusuf, To Announce APC’s Nasiru Gawuna As The Authentic Winner Of The 2023 Kano State Governorship Election By 897,000 To 850,000 Votes

    Court Grants N5m Bail To 69 Suspected Gay Wedding Attendees In Delta State

    Court Grants N5m Bail To 69 Suspected Gay Wedding Attendees In Delta State

    SHOCKING!!! President Bola Tinubu’s APC Federal Government That Claims To Care For Poor Nigerians Describes NLC’s Demand For Increase In Minimum Wage As A “Wage Award” That Nigerian Workers Do Not Deserve, Makes No Effort In Fulfilling All Its ‘Audio’ Commitments To The NLC Over 4 Months – FULL DETAILS

    SHOCKING!!! President Bola Tinubu’s APC Federal Government That Claims To Care For Poor Nigerians Describes NLC’s Demand For Increase In Minimum Wage As A “Wage Award” That Nigerian Workers Do Not Deserve, Makes No Effort In Fulfilling All Its ‘Audio’ Commitments To The NLC Over 4 Months – FULL DETAILS

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CBN Governor, Godwin Emefiele, Offers To Help The Central Bank Of Gambia In Printing Its Local Currency, Says Nigeria Will Provide Very Quality, But Cheap Services, Boasts Of Our Security Printing Facility As One Of The Best In The World

by peter
June 16, 2021
in News
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CBN Governor, Godwin Emefiele, Offers To Help The Central Bank Of Gambia In Printing Its Local Currency, Says Nigeria Will Provide Very Quality, But Cheap Services, Boasts Of Our Security Printing Facility As One Of The Best In The World
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The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has on Tuesday, in Abuja, during a 2-day visit by a Delegation from the Central Bank of Gambia, CBG, revealed that the Apex Bank is willing to assist the CBG in printing its local currency, 36 .

The Delegation from the CBG, was led by its Governor, Mr. Buah Saidy.

Emefiele said this in response to a request by the CBG, for a possible partnership to tackle acute currency shortages among other currency management challenges in the country.

Saidy had informed the CBN Governor that relying on its current printer, De La Rue of London, for its currency needs, is expensive and unsustainable, explaining that it costs the Bank about £70,000 to lift printed currencies from Sri Lanka to the Gambia.

In response, the CBN Governor assured him that the Apex Bank in Nigeria has extremely competitive advantage to undertake the currency printing for Gambia, adding that, the Nigerian Security Printing and Minting has a lot of idle capacity to satisfy the demand of the CBG.

His exact words: “I note your point on currency management. The Nigerian mint was set up in the early 1960s, and we have been producing our currency since the early 60s, and we have a lot of idle capacity to ensure that instead of you going to Europe or other countries, you will be able to benefit from our ideas.

“Our colleagues will take you to the security printing facility. Our colleagues that came in from Liberia, two months ago, were fascinated by the kind of facilities we have at our Nigerian security printing and minting facility, and I am sure that you will also enjoy them.

“And I am sure they will follow you back to the Gambia, to see how they can help you to structure your economic order quantities, so we can also be of assistance in printing your currency.

“And I can assure you that we can be extremely competitive, not only from the stand point of logistics and freight from Europe, but it is just going to be a few hours from here to the Gambia, and the rest of them.”

Speaking, the CBG Governor also noted that one of the purposes of the visit, was to benefit from the CBN’s vast experiences on how it has successfully regulated the financial system, and seek assistance in the areas of information technology, modernisation, cyber security, forex shipping and management, among others.

Responding, Emefiele attributed the successes to the support which the Apex Bank enjoys from the National Assembly.

More news later…

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