Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said at the weekend that Nigeria does not face any adverse consequences from Brexit just yet, as negotiations deal gets tougher.

He said though negative impact could have resulted from immigration and trade but that the relationship between Nigeria and Britain on those two fronts was not strong enough to cause panic.

According to him, Nigerian authorities are reviewing the situation and would take necessary actions if needed.

Emefiele was speaking in Washington at the end of the spring meetings of the International Monetary Fund (IMF) and World Bank.

Just last Friday, the United Kingdom missed its second Brexit deadline, accepting the European Union’s offer to remain until October 31.

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Onyinye Nwachukwu, Washington DC

Onyinye Nwachukwu is the Abuja Bureau Chief of BusinessDay, overseeing coverage across Abuja and Northern Nigeria. With more than two decades of experience in economic and financial journalism, she reports on business, policy, and market trends, linking local developments to the global economy. A fellow of the International Monetary Fund (IMF) and recipient of the P. Vishwanathan Memorial Award for Excellence in Financial Journalism, she is known for her insightful storytelling and interviews with senior policymakers, diplomats, and business leaders. Well traveled and globally minded, Onyinye brings depth and international perspective to her reporting.

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