Skip to main content

How Buhari’s Govt Will Affect CBN

Financial expert and strategist, Mr. Opeyemi Agbaje, has allayed the fears of Nigerians in certain corners that the election of General Muhammadu Buhari as the new President will lead to the removal of Governor of Central Bank of Nigeria, Godwin Emefiele, who was appointed last year by President Goodluck Jonathan.

Agbaje, who is the Chief Executive Officer of RTC Advisory Services Limited, said the incoming administration will only effect some structural changes that may fit its plans and aspiration instead of removing the CBN Governor from office.

He said the CBN will still be the same under Buhari but it may come under some pressure for closer scrutiny from the executive. “By and large, I do not expect a radical change in banking supervision under Buhari” Agbaje said in an interview on the sidelines of the launch of two books in commemoration of his 50th birthday in Lagos at the weekend.

The books written by Opeyemi Agbaje, which were presented at the ceremony, are: “Uncomplex Strategy “and “Democracy without Democrats.”

In a panel discussion at the event, titled: Business Strategy in Nigeria, which was moderated by the celebrant, Opeyemi Agbaje, the discussants, Rasheed Olaoluwa, managing director of Bank of Industry, Tosin Runsewe, Group Chief Executive Officer of Mansard Group of Companies, Adedoyin Odunfa, Managing Director of Digital Jewels Limited, and Mezuo Nwuneli, Managing Director of Sahel Capital and AACE foods Limited, all gave Nigerians hope of a better future considering activities being carried out by their respective organisations.

Rasheed Olaoluwa said BoI, as a development bank, is wired to render unhindered financial services and extension of loan facilities to Nigerians who intend to start or expand their business.

He said Nigerian banks are safer now than ever before, as most of them now undertake large ticket transactions which were not the same 10 years ago. “A lot of banks in the country have become very strong. They are stronger in many aspects, in corporate governance, risk management and core banking. All these helped improved banking in the country as banks now face transactions in the region of billion dollars.

Meanwhile, After the victory of the All Progressives Congress candidate General Muhammadu Buhari in the presidential poll, the naira has begun to stabilize

Comments

Popular posts from this blog

Tems Finally Breaks Silence After Her First Grammy Win

  Talented Nigerian songstress Temilade Openiyi, popularly known as Tems, has finally broken her silence after winning her first Grammy, SHARE The sensational  Tems , who was nominated in three categories—” Best Rap Song ” and “ Best Melodic Rap Performance ” for her contribution to the hit collaboration with  Future  and  Drake  titled “ Wait For U “—and “ Album Of The Year ” as a featured artist on  Beyonce ‘s “ Renaissance ” album, bagged her first Grammy at the 65th edition of the Grammy awards, which was held on  Sunday, February 5, 2023 , at the Microsoft Theater in Los Angeles, United States. Taking to her Twitter on  February 8th, 2023 , the singer showed gratitude to God and her fans for their support. She wrote:

APC senators fight as truce meeting fails again

An argument between two All Progressives Congress Senators, Kabiru Marafa and Tayo Alasoadura, degenerated into a physical combat on Tuesday as a last minute attempt by the party’s caucus in the Senate to select the principal officers ended in a stalemate. The meeting of the caucus was convened in Abuja by the Senate President, Bukola Saraki, to unite members of his group, the Like Minds Senators and those loyal to Senator Ahmad Lawan, the Senate Unity Forum. The meeting was also aimed at arriving at a common position on the selection of principal officers. ADVERTISEMENT Trouble was said to have started immediately after Saraki had delivered his speech and urged his colleagues to dissolve into zonal caucuses to produce their representatives for the posts of Senate Leader, the Deputy Senate Leader, the Chief Whip and the Deputy Whip. It was at that stage that Senator Suleiman Hunkunyi, got angry on hearing Saraki’s call on members to dissolve into zonal caucuses. Hunkunyi di...

Live Updates: Muhammadu Buhari's Inauguration

May 29, the day of Muhammadu Buhari’s inauguration, is considered to be the starting point of change, as the new administration takes over power. The All Progressives Congress’ politician emerged the winner of Nigeria’s March 28 presidential election. Since then, the outgoing government, led by President Goodluck Jonathan, and the incoming government have been preparing for the smooth power transition, which is to take place today. Numerous national and world leaders are expected to attend the festive ceremony to mark the end of Jonathan’s tenure and office acceptance by Muhammadu Buhari and Yemi Osinbajo, the vice president-elect. Our news portal is giving live updates on the most interesting happenings around Nigeria and from the Eagle Square, Abuja. Stay tuned with Naij.com. 12:50 Nollywood actress Ini Edo was present at the inauguration, looking just fabulous! 12:25 Nigeria continues celebrating and discussing the just concluded speech. People got really impressed by the phrase...