The Governor of the Central Bank, Dr. Godwin Emefiele has disclosed how the Apex Bank was able to reduce rising inflation in Nigeria through heterodox policy, an unconventional monetary policy tool.
Dr Emefiele made this known in Ibadan, Oyo State during a lecture he delivered at the Distinguished Leadership Lecture, the first in its series by the University of Ibadan, in conjunction with the Central Bank of Nigeria, held at the International Conference Centre of the University.
Speaking on the theme: Up Against the Tide: Nigeria’s Heterodox Monetary Policy and the Bretton Woods Consensus, Dr Emefiele maintained that for the nation’s economy to attain its full potential, utilitarian welfare maximization required a functional consideration for real growth, which, he said, Central Bank of Nigeria Act of 2007 recognized in the provision of Legal banking to undertake developmental functions that are consistent with price stability.
Meanwhile, the Nigerian National Petroleum Corporation, NNPC, says its ongoing recruitment exercise has entered the third phase following the conclusion of the shortlist of the candidates.
The Group General Manager, Group Public Affairs Division of the NNPC Mr Ndu Ughamadu, in a statement in Abuja, stated that shortlisted candidates had been scheduled to sit for Computer Based Testing on Saturday, June first, 2019 across the country.
According to him, notification of progression to the next stage has been sent to all shortlisted candidates through text and e-mail, while other details such as test centre and time will be sent on or before the twenty-seventh of May, 2019.
Mr Ughamadu noted that validation of credentials of candidates will be a continuous process throughout the exercise, stressing that candidates discovered not to meet the advertised requirements or who had presented false documents at any stage will be withdrawn from the
exercise.
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