Central Bank of Nigeria
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An Abuja High Court sitting in Maitama, had on Wednesday granted bail to the former Central Bank of Nigeria Governor, Godwin Emefiele who has been in detention for months. The court, in a ruling that was delivered by Justice Olukayode Adeniyi, ordered that Emefiele be released to his lawyers. The judge held, “There must […]
The former governor of the Central Bank of Nigeria, Godwin Emeifele has finally been taken to court by the Economic and Financial Crimes Commission, EFCC, on Wednesday. EFCC brought the suspended CBN boss to the Federal High Court in Abuja after they failed to honour an order given by the court to produce […]
Former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has been released from the custody of the Department of State Services (DSS). A reliable source told the Cable that Emefiele was taken into custody by the Economic and Financial Crimes Commission, (EFCC) immediately after his release from DSS. The former CBN boss […]
Suspended Central Bank of Nigeria governor, Godwin Emefiele has been granted bail of twenty million naira by a Federal High Court in Lagos state. Emefiele was brought before Justice Nicholas Oweibo on Tuesday and charged with illegal possession of firearms and ammunition. DSS also accused him of illegally having a single-barrel gun. To perfect […]
The Central Bank of Nigeria has allowed commercial banks to freely trade foreign exchange at any rate This announcement is coming after the suspension of Godwin Emefiele the CBN governor. Details shortly.
The Central Bank of Nigeria, CBN, yesterday, reacted to reports that it planned to phase out the newly redesigned N1,000, N500 and N200 Naira notes. Dr. Isa AbdulMumim, Ag. The Director, Corporate Communications of the bank, yesterday, described the reports as “fake news.” While advising members of the public to ignore such reports, […]
Some residents of Abuja and environs have lamented the scarcity of the new naira notes. The Central Bank of Nigeria (CBN) has restored the old 200, 500 and 1000 naira notes to remain as legal tender until Dec. 31. Correspondents of the News Agency of Nigeria (NAN) who monitored the availability of the new […]
The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, the CBN spokesperson, announced the development in a statement on Monday. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law […]
President Muhammadu Buhari has apologized to Nigerians over the new naira redesign policy. The president said it wasn’t introduced to cause hardship, but to boost the economy. Recall that in October 2022, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced the plan to redesign the N200, N500, and N1,000 […]
The First Lady of Nigeria, Aisha Buhari, on Tuesday came under criticism from the public over an alleged statement that the Central Bank of Nigeria is extending the validity of old N200, N500 and N1,000 notes to May 1, 2023. The alleged statement was issued by the Director of Communications, Osita Nwanisobi, stating that […]
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