President Bola Tinubu yesterday, directed the Central Bank of Nigeria, CBN, to create a platform for quarterly reconciliatory meetings with foreign airlines to address the […]
The Department of State Services (DSS) has detained the Deputy Governor of the Central Bank of Nigeria in charge of Financial System Stability, Aishah Ahmad. […]
Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Economic Policy Dr Kingsley Obiora has been released by the Department of State Services (DSS). […]
President Bola Ahmed Tinubu has received a petition against Africa’s richest man, Alhaji Aliko Dangote over $3.4 billion allegedly siphoned through the Central Bank of […]
The Central Bank of Nigeria (CBN) unveiled a series of fresh operational guidelines for forex sales by Bureau de Change (BDC) operators in the country. […]
According to the Tertiary Education Trust Fund (TETFUND), staff and student overseas training may be put on hold. Sonny Echono, the TETFUND’s executive secretary, announced […]
The Central Bank of Nigeria has said it is set to take new measures to stabilise the naira against the dollar. Acting Governor of the […]
The naira sank further last week in the foreign exchange markets, reaching a record high of N955 to US$1 on Thursday, sending shockwaves through the business sector and raising anxiety among Nigerians as the government appeared preoccupied with the coup in the Niger Republic. To keep control of the currency and the economy, President Bola Tinubu and the Central Bank of Nigeria must act quickly, creatively, and pragmatically. The omens are bad. Since Tinubu pushed the CBN to merge the exchange rates two months ago, the naira’s southward descent has accelerated. […]
By Abdullahi Mohammed, Abuja President Bola Ahmed Tinubu has appointed the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN) Mr Jim Osayande […]
The Central Bank of Nigeria has asked banks to lift a post-no-debit restriction put on 440 individual and corporate bank accounts. The new directive is contained in a circular issued on Tuesday, which was signed by A.M. Barau on behalf of the CBN director of […]
The Central Bank of Nigeria has asked Deposit Money Banks and Other Financial Institutions in the country to increase monitoring of transactions with businesses and […]
Between August 2016 and November 2018, the Central Bank of Nigeria (CBN) made a number of transfers totaling $616 million (more than N400 billion) to the office of the National Security Adviser (NSA) under Major-General Babagana Monguno. This unusual action reveals the murky business practices of the CBN under recently suspended Governor Godwin Emefiele. Data obtained from the website of the CBN showed that the apex bank started making these transfers to the NSA in August 2016, about […]
Godwin Emefiele, the Central Bank of Nigeria’s suspended governor, has started taking action to leave the Department of State Services’ custody until a final judgment is reached about him. On Friday, the embattled apex bank boss secured the order of a High Court of the Federal Capital Territory, which directed the Director-General of […]
Whether for negative or positive reasons, the Central Bank of Nigeria’s (CBN) suspended Governor, Godwin Emefiele, will undoubtedly live on in the thoughts of Nigerians. From June 2014 to June 9th 2023, when Bola Ahmed Tinubu’s administration suspended him, Emefiele oversaw Nigeria’s monetary policies, by extension, the economy. However, […]
The Department of State Services (DSS) is holding suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele, the secret police has acknowledged. This is according to a statement by the Public Relations Officer (PRO), Peter Afunanya, on Saturday. “The Department of State Services (DSS) hereby confirms […]
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