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Turning COVID-19 tragedy into opportunity for a New Nigeria

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By Godwin I. Emefiele As many people are now aware, the outbreak of the Novel Coronavirus Disease (COVID-19) in China has rapidly permeated and profoundly...

Central Bank of Nigeria suspends cheque clearing amidst 2 weeks lockdown

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The Central Bank of Nigeria (CBN) on Monday suspended clearing of cheques until further notice following the lockdown in Lagos, Ogun  and FCT to contain the...

Nigeria’s economy will not fall into recession – Rewane

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By Oluwafunke Ishola/Victor Asije Mr Bismarck Rewane, Managing Director, Financial Derivatives, has allayed the fear that Nigeria’s economy will fall back into recession, saying the...

Nigeria equities market defies Emefiele’s reappointment, down by N20 billion

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By Chinyere Joel-Nwokeoma Investors on the Nigerian Stock Exchange (NSE) on Friday reacted negatively to the reappointment of Mr Godwin Emefiele for second term as...

Failed e-transactions: report defaulting banks to us, says CBN

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By Racheal Ishaya and Lucy Nwachukwu     The Central Bank of Nigeria (CBN), said any failed instant payment transaction not reversed into the customer’s account within...

Senate withdraws report exonerating MTN over foreign exchange transfers … report...

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  ABUJA (Reuters) - The Senate has withdrawn a report that largely exonerated South African mobile phone giant MTN of accusations of illegally repatriating $14...

Amosun escapes death as CBN bullion van rams into Ogun State...

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By Olufemi Adediran, Abeokuta Ogun State Governor, Senator Ibikunle Amosun, narrowly escaped death on Thursday when a convoy of bullion vans belonging to the Central Bank...

CBN Governor attributes rise in Naira value to improved oil revenue

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Abuja (Reuters) Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Thursday disclosed that a recent rise in oil revenues has helped...

Central Bank of Nigeria to sanction banks over non-remittances of Content...

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Lagos (NAN) The Central Bank of Nigeria (CBN) said  on Monday that it would sanction Money Deposit Banks (MDBs) still collecting payments under the...

Organised Private Sector kicks against Central Bank of Nigeria’s foreign exchange...

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By Oluwafunke Ishola and Oluwatoyin Onigbanjo Lagos (NAN) The Organised Private Sector (OPS) has said that the unorthodox foreign exchange allocations system of  the Central...

N8bn currency scam: Court orders arrest of accused

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By Olawale Akinremi Ibadan (NAN) Justice Joyce Abdulmaleek of the Federal High Court,  Ibadan, on Tuesday ordered  the arrest and remand of  one Olukunle Siwade,...

Central Bank of Nigeria to start restricting dollar supply

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By Paul Wallace The Central Bank of Nigeria told commercial lenders at a meeting last week that it plans to cut dollar supplies to the market...

Sanusi Vs FG: Court reserves judgment for May 20

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A Federal High Court in Abuja on Tuesday  reserved judgment till May 20 in Malam Lamido Sanusi, the suspended CBN Governor’s suit, challenging his...

CBN holds interest rate at 12%

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ABUJA (Reuters) - Nigeria's central bank held its policy rate at 12 percent on Tuesday, but it hiked the cash reserves requirement (CRR) on...

$20bn: Nigerians ask why oil funds are missing

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By ADAM NOSSITER LAGOS, Nigeria — Even in a country where untold oil wealth disappears into the pockets of the elite, the oil corruption scheme he...

Jonathan’s decision to get rid of Sanusi is bad news –...

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WHEN President Goodluck Jonathan suspended Lamido Sanusi, the governor of Nigeria’s central bank, on February 20th, he succeeded in removing an opponent. But over...

Lamido Sanusi: Softly, softly Mr. President – Femi Falana

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By Femi Falana, (SAN )Very recently, President Goodluck Jonathan was reported to have asked Mr. Sanusi Lamido Sanusi to resign as the Governor of...

Jonathan is surrounded by ‘incompetent’ frauds – Lamido Sanusi

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Lagos (AFP) - Suspended Governor of Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, on Sunday described President Goodluck Jonathan as a simple...

Sanusi: The President overstepped his constitutional powers

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By Obi Nwakanma A great drama is currently playing out in the federal government which might yet define the Jonathan presidency. It is a powerplay...

Sanusi’s suspension: The President performed his function – Abaribe … It...

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Senate spokesman, Senator Enyinnaya Abaribe, (PDP-Abia),  has said that President Goodluck Jonathan acted within the ambit of his statutory functions by suspending the Governor...

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