CBN reports 433% upsurge in remittances to $1,3bn in February

By Babajide Komolafe, Economy Editor The Central Bank of Nigeria, CBN, has reported a 433 per cent upsurge in Diaspora remittances to $1.3 billion in February from $300 million in January. Disclosing this yesterday while speaking with newsmen in Abuja, the Acting Director of Corporate Communications, CBN, Mrs Hakama Sidi Ali, said, “The Bank’s data […]

Why people thought I owned Access Bank – Former Emir of Kano, Sanusi

Why people thought I owned Access Bank – Former Emir of Kano, Sanusi By Olugbenga Ige The former Emir of Kano State, Mohammed Sanusi, has recounted how his relationship with the late Chief Executive Officer of Access Bank Plc, Herbert Wigwe, made people think he owned the bank. The former Governor of the Central Bank […]

Emefiele: DSS release detained CBN Deputy Governor

By George Oshogwe Ogbolu The Department of State Services (DSS) has released the detained Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Economic Policy, Kingsley Obiora. Naija News gathered that Obiora, who had been with the team of investigators since Wednesday, has been released. It was gathered that the secret police […]

CBN announces Naira remittances payout option

• Money Transfer Operators to use I & E Window rate The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators to commence remittances payout in Naira to beneficiaries. It has also directed that the Investors’ and Exporters’ Window foreign exchange rate should be used in determining the rate for such Naira payout. […]

Watch how DSS arrested Emefiele, put him in private jet

Watch how DSS arrested Emefiele, put him in private jet SEE VIDEO BELOW By Chukwuani Victoria A video showing the moment operatives of the Department of State Service (DSS) arrested and detention suspended Governor of Central Bank (CBN), Godwin Emefiele, has surfaced on social media. Recall an All Progressives Congress (APC) chieftain and media aide […]

Nnamdi Kanu, naira redesign: ‘You will suffer’ – Fr Mbaka issues ultimatum to Buhari, Emefiele

By Emmanuel Uzodinma Charismatic Catholic Priest, Rev. Fr. Ejike Mbaka has issued a stern warning to President Muhammadu Buhari over the continuous detention of Mazi Nnamdi Kanu, the leader of the Indigenous People of Biafra, IPOB. DAILY POST reports that Mbaka returned to his Adoration Ministry in January, months after he was suspended and sent […]

Real reason CBN is redesigning Naira notes

Real reason CBN is redesigning Naira notes By Lydia Ngwakwe The Central Bank of Nigeria (CBN) on Thursday said counterfeiting and hoarding were the reasons for redesigning and issuing new naira notes. Mrs Amina Abdulmalik, Deputy Director, Currency Operations Department, CBN, said this at the apex bank’s special day, at the ongoing 36th Lagos International […]

Naira redesign: ‘Those with illicit money buried under soil will have problem’ – Buhari backs CBN

By Seun Opejobi President Muhammadu Buhari, on Sunday, backed the decision of the Central Bank of Nigeria, CBN, to launch new designs of the naira denominations. Buhari said Nigerians with illicit money stashed in the soil would have problems with the new naira notes. He, however, assured that Nigerians would gain a lot when the […]

Buhari, Osinbajo, Emefiele, Others to Headline CIBN Conference

President Muhammadu Buhari, Vice President Yemi Osinbajo, and the Governor of the Central Bank of Nigeria, Godwin Emefiele have been lined up to speak at the 15th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN) Speaking ahead of the conference, the Managing Director of Sterling Bank, Mr. Abubakar Suleiman, […]

Emefiele’s fate over presidential ambition in the hands of CBN’s board of directors – Buhari

From Juliana Taiwo-Obalonye, Abuja President Muhammadu Buhari has reacted for the first time to Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, presidential ambition, saying his fate will be determined by the apex bank’s board of directors on whether his actions have fallen foul of the laws in place to ensure he can most […]


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