Alleged Procurement Fraud: EFCC opens case against Emefiele
Feb.12, 2024 The EFCC on Monday opened its case in the trial of the suspended Central Bank Governor (CBN), Godwin Emefiele, on procurement fraud charge in an FCT High Court…
Why EFCC declared Emefiele’s wife, Margaret, 3 others wanted
The Economic and Financial Crimes Commission has declared Margaret Emefiele, wife of ex-Governor of the Central Bank of Nigeria, Godwin Emefiele, and three others, wanted for money laundering. Mrs Emefiele,…
FX: CBN measures attract $1bn into Nigerian market in few days – Cardoso
The Governor of Central Bank of Nigeria, Yemi Cardoso says the measures taken so far by the apex bank to stabilize foreign exchange rates have attracted $1bn into the Nigerian…
Reps to investigate alleged non-compliance by banks, institutions on NOP limits
Feb. 7, 2024 The House of Representatives is to investigate non-compliance by banks and financial institutions with the Central Bank of Nigeria (CBN) directives on the Net Open Position (NOP)…
Nigeria’s latest devaluation may be ‘turning point’ in currency reform drive
February 6, 2024 Nigeria’s second currency devaluation in less than a year and new forex rules suggest the central bank is gearing up to let the naira float freely, but…
CBN says no plans to convert domiciliary accounts into Naira
Feb. 3, 2024 The Central Bank of Nigeria (CBN) says it has no plans to convert domiciliary account holdings valued at 30 billion dollars into Naira. Mrs Hakama Sidi-Ali, CBN’s…
By-election: INEC takes delivery of sensitive materials from CBN in Lagos
Feb. 1, 2024 The Independent National Electoral Commission (INEC) in Lagos State on Thursday took delivery of sensitive materials for Saturday’s Surulere Federal Constituency I by-election from the Central Bank…
IATA says another $700m owed money still in Nigerian banks
Jan. 31, 2024 Nigeria’s central bank said it had cleared the entire backlog of verified claims owed to foreign airlines whose payments had been blocked in the country, but airline…
Nigeria caps FX position for banks, dollar bonds drop
Jan. 31, 2024 Nigeria’s central bank announced limits on how much banks can hold in foreign currencies on Wednesday and expressed concern about the growth of forex exposures on their…
Reps query Customs over non-submission of 3 years audited financial statement
Jan 31, 2024 The House of Representatives Public Accounts Committee (PAC) has queried the Nigeria Customs Service (NCS) over non-submission of audited financial statements for the 2016 to 2018 financial…