The Central Bank of Nigeria (CBN) has sacked the board of directors of three banks, Keystone Bank, Polaris Bank, and Union Bank, in a meeting at Abuja, the nation’s capital. A high-ranking CBN official confirmed the development to TechCabal. Per the CBN, the affected banks committed infractions ranging from “regulatory non-compliance to corporate governance failure.” The apex
Drama in Court as Emefiele display funny antics (video)
The arraignment of suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the Federal Capital Territory (FCT) High Court in Abuja over N6.9 billion alleged procurement fraud has been stalled due to the absence of the second defendant who are said to be indisposed. Although Emefiele (the first defendant) was present in court today
Court wades into Emefiele’s case
A Federal Capital Territory High Court has ordered the Department of State Services (DSS) to charge Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), to court if they have criminal allegations against him. Hamza Muazu, presiding judge, said the former CBN governor should be released on bail if he is not taken
Old Naira: Buhari, Emefiele Not Relevant After Presidential Election – Oshiomole
A former National Chairman of the ruling All Progressives Congress, APC, Adams Oshiomhole, has slammed Muhammadu Buhari. He kicked against President Muhammadu Buhari’s decision on the naira redesign policy. Oshiomhole, who said Buhari is on his own following his recent comment on the naira redesign policy last Thursday, also insisted that Godwin Emefiele, the Central Bank
Kaduna, Kogi, Zamfara Govts Drag FG To Supreme Court Over Naira Scarcity
Worried by the effects the Central Bank of Nigeria (CBN)’s naira redesign policy is having on the residents of their states, the governments of Kaduna, Kogi and Zamfara have dragged the Federal government before the Supreme Court, seeking a restraining order to stop the full implementation of the policy. In a motion ex-parte filed on
CBN extends deadline for Old Naira Note
CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday. He explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old notes by 10 days. “Based on the foregoing, we have sought and obtained Mr President’s approval for the following:
Breaking : Naira crashes to N710 per dollar
The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. The national currency, which traded for N670 against the dollar on Monday, has fallen even further by 6.7 percent in two days as of Friday afternoon, according to data from Aboki Forex. Today’s