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The Department of State Services, (DSS) has arrested the suspended Governor of Central Bank of Nigeria, Godwin Emefiele. Jkcyno news reported earlier that Emefiele was suspended on Friday by Bola Tinubu. READ ALSO : Bola Tinubu suspends Suspends Emefiele As CBN Governor Tinubu also appointed deputy governor, Mr Folashodun Adebisi Shonubi as the
THE Central Bank of Nigeria (CBN) has revoked the operating licences of microfinance banks (MfBs), primary mortgage banks (PMBs) and finance companies as disclosed by the regulatory body in two separate gazettes it released on Tuesday, May 23. The impact of these revocations would affect the larger society, a lecturer at the Department of Finance,
The Central Bank of Nigeria, CBN on Friday directed all Commercial banks to open for operation on Saturdays and Sundays as part of a coordinated effort to ease the circulation of banknotes of various denominations. It also confirmed the evacuation of banknotes from its vaults to commercial banks across the country to address the hardship
Pastor David Ibiyeomie of Salvation ministries has described the current INEC Chairman Mahmood Yakubu as the worst thing to have happened to Nigerians. Pastor Ibiyeomie made this declaration at one of his church services after recounting the Billions of Naira gulped by the INEC and yet, Mahmood Yakubu compromised the entire system to give Nigerians
The Central Bank of Nigeria has directed commercial banks to dispense and receive old naira notes as legal tender across the country. The CBN gave the directive at a Bankers’ Committee meeting held on Sunday, according to a statement by the acting Director, CBN Corporate Communications, Isa AbdulMumin, on Monday. This is coming hours after
Nigerians are currently facing the most painful and stressful economic downturn of their lives, no thanks to President Muhammadu Buhari, CBN Governor, Godwin Emefiele and the APC Governors. Prio to the presidential elections, the APC Governors headed by Governor El-Rufai were with much “super strength” fighting for the policy to be reversed citing the excruciating pains most Nigerians
The Central Bank of Nigeria, CBN says there is no going back on the February 10, 2023 deadline for the swapping of the old N1,000, N500, and N200 notes. While there has been controversy over the deadline with some governors dragging the apex bank to the Supreme Court, the CBN maintained that the deadline remains
The Central Bank of Nigeria, CBN has banned dollar charges on domestic transactions as it launched has launched the Nigerian National Domestic Card Scheme, AfriGo. This was disclosed by the CBN governor Godwin Emefiele on Thursday, January 26, 2023, while launching the card virtually. Godwin Emefiele said that transaction charges on all cards would henceforth be
The Central Bank Governor, Godwin Emefiele seems to be out of touch with current reality in Nigeria as he keeps insisting on the 31st January deadline for the old Naira notes. In his press release, Emefiele stated, ” “I don’t have good news for those who feel we should shift the deadline; my apologies The reason
The Central Bank of Nigeria, CBN has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex bank directed the banks to load their Automated Teller Machines with only new notes to ensure that the currency circulates across the nation ahead of the January 31, 2023 deadline