Just another News Updates
The Nigerian stock market surged to its highest level since July 2008 on Tuesday, the first trading day since the suspension of Godwin Emefiele as the governor of the Central Bank of Nigeria (CBN) by newly-elected President Bola Tinubu. Some market analysts have speculated that the surge is linked with investors’ optimism that the ouster […]
President Bola Tinubu has suspended Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN).The Office of the Secretary to the Government of the Federation announced his suspension. Director of Information, SGF office,Willie Bassey, in a statement on Friday, said the suspension is with immediate effect. The suspended Emefiele was directed to immediately […]
The Central Bank of Nigeria (CBN) has revealed that the Federal Government recorded a fiscal deficit of N930.8bn in the first two months of 2023. According to the CBN’s monthly economic report for February, the fiscal deficit expanded in February due to a decrease in retained revenue. In January, the fiscal deficit stood at N417.75bn, […]
Recent data report from the Central Bank of Nigeria (CBN) has revealed that the Nigerian government under former President Muhammadu Buhari borrowed the sum of N6.07 trillion from the apex bank through Ways and Means Advances in 2022. The 2022 N6.07 trillion borrowed from the bank pushed the Nigerian government’s borrowing from the CBN from […]
The Central Bank of Nigeria (CBN) says it has revoked the operating licences of 132 microfinance banks, three finance companies, and four primary mortgage banks. Godwin Emefiele, governor of the apex bank, revoked the licences of the institutions on Monday, an official gazette of the federal government said. Emefiele revoked the licences in exercise of […]
Via – Daily Trust The Governor of Central Bank of Nigeria, Godwin Emefiele, on Monday appealed to the Minister of Labour and Employment, Chris Ngige, to prevail on the leadership of Nigeria Labour Congress (NLC) over its planned protest slated for Wednesday. Daily Trust had reported that the leadership of NLC had last Friday mobilised […]
The Central Bank of Nigeria has debunked rumours of its plans to halt financial transactions from the 23rd to the 27th of February, 2023, ahead of the upcoming elections. A WhatsApp message stating that the apex bank will shut down all electronic bank network between Thursday and Monday in order to prevent vote-buying went viral […]
The Central Bank of Nigeria (CBN) has promised to prosecute Point of Sale (POS) operators who demand exorbitant charges on transactions, The Spectacles reports. The apex bank’s Governor, Godwin Emefiele disclosed this during a meeting with members of the diplomatic corps. Emefiele who admitted that there’s been some challenges over the Naira swap policy, said […]
Borno State Governor, Professor Babagana Zulum, has directed banks to dispense new naira notes via Automated Teller Machines (ATMs) and banking halls or risk losing their lands to the state government. Zulum gave the warning after visiting branches of banks in Maiduguri, the state capital, to assess problems being faced by residents trying to access […]
Godwin Emefiele, Central Bank governor has asked banks to stop high charges by the Point of Sale (PoS) agents on every transaction made by their customers. He also appealed to Nigerians to show understanding that the redesigned notes will circulate and be accessible. Emefiele made the appeal at a special media briefing on the new […]