By Dr. Jideofor Adibe | Nasarawa, Nigeria | April 3, 2020 – The dethronement of Alhaji Muhammad Sanusi as the 14th Emir of Kano did not take many people by surprise. The surprising thing for some people is that he lasted as long as he did on the throne. In fact there were rumours that […]
Senate on Public Account on Tuesday considered issuing warrant of arrest on Governor of Central Bank, Godwin Emefiele over failure to appear before the Committee on release of $289 million to former National Intelligence Agency (NIA), Ayo Oke in cash. Speaking on the investigation, the Chairman of Senate Committee on Public Account, Senator Matthew Urhoghide […]
By Kingsley Okoye The Senate on Thursday at Plenary confirmed the nomination of Dr Kingsley Obiora as Deputy Governor of the Central Bank of Nigeria (CBN). The confirmation of Obiora, followed the receipt of the report of the Committee on Banking and Insurance, and consideration of same at the Senate Committee of the Whole. President […]
The Governor of Central Bank of Nigeria, Mr. Godwin I. Emefiele risks being committed to prison for failing to honour a Garnishee Order Absolute to pay the balance of$53m due and payable under the said Order to Mr. Joe Agi (SAN) and team of lawyers that facilitated the Paris Club fund matter for the Federal […]
‘Femi Asu The nation’s foreign exchange reserves have slumped below the $40bn mark, hitting their lowest level in 22 months, latest report from the Central Bank of Nigeria has shown. The external reserves, which have been on a downward trajectory in recent times, dipped by over $5bn in the last five months. The reserves rose […]
Omodele Adigun, Uche Usim and Chinwendu Obienyi In a bid to increase access to financial services for the nation’s economically active poor, enhance job creation and reduce poverty, the Central Bank of Nigeria (CBN) has said that it will be targeting an increase in total micro-credits to at least 20 per cent by 2020. This was even as it […]
Following the kidnap and rescue of Mrs Margaret Emefiele, wife of the Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, the CBN boss has expressed gratitude to President Muhammadu Buhari over his directives to the security operatives to rescue his wife within 24 hours. Emefiele gave his gratitude in a statement released in Abuja on […]
A former Governor, Central Bank of Nigeria, CBN, Prof. Charles Soludo, said, yesterday, that the economic recession Nigeria is experiencing was self inflicted, insisting that oil, for most part of the country, had been a curse. *Prof. Chukwuma Charles Soludo Soludo, in a key note address at Delta State Economic and Investment Summit, said the collapse […]
Is CBN really helping the economy? — 16th August 2016 Of the many policies that the Central Bank of Nigeria has made in recent months ostensibly to strengthen the banking sector, two really stand out for me: first is the approval given to Money Deposit Banks to write off their Non-Performing Loans this year for […]
$115m scandal: CBN officials storm Fidelity Bank — 4th May 2016 By Blaise Udunze OFFICIALS of the Compliance Unit of the Central Bank of Nigeria (CBN) on Tuesday afternoon, swooped on the headquarters of Fidelity Bank Plc, Lagos, as part of investigations into the $115 million transaction involving its Managing Director, Nnamdi Okonkwo, and former Petroleum Minister, […]
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