Olusegun Alebiosu, the executive director of FirstBank Group, has been appointed as its acting managing director with immediate effect. The bank made this announcement on Sunday through a statement by its Acting Company Secretary, Adewale Arogundade. The former Managing Director,…
Steady dollar supply pushes naira to 1,262/$
The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and parallel markets, to the delight of many Nigerians. At the Nigerian Autonomous Foreign Exchange Market, the naira gained N16 or…
REMITA selected based on merit – CBN
The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, has highlighted the fact that Remita was selected based on merit to provide an electronic platform essential for facilitating payments from Ministries, Departments and Agencies (MDAs) to beneficiary…
Naira appreciates to N1,382/dollar, Presidency cautions speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers…
Naira rebounds to N1,400/$ as speculators offload forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria announced…
TSA: HoR to sanction non-compliant MDAs, summons CBN, AGF and HMoF
The House of Representatives Committee on Public Accounts (PAC) has resolved to sanction Ministries, Departments and Agencies (MDAs) that flout the TSA regulations. In a bid to uphold transparency and accountability, the Committee has summoned the Governor of the Central…
EFCC declares Emefiele’s wife, 3 others wanted
The Economic and Financial Crimes Commission has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, and three others, wanted for money laundering. Mrs Emefiele, Mr Eric Odoh, Anita Omoile and her husband,…
Naira rebounds as banks offload excess dollars
Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday made frantic efforts to offload their surplus dollar stocks. It…
Breaking: EFCC re-arraigns Emefiele, ex-CBN gov pleads not guilty
A former Governor of the Central Bank of Nigeria, Godwin Emefiele, was on Friday arraigned at the Federal High Court, Maitama, Abuja on 20-count bordering on alleged corrupt practices and forgery. Dressed in an ash coloured pair of trousers and…
Breaking: Court allows Emefiele to travel out of Abuja
The Federal Capital Territory High Court has granted the request of a former Governor of Central Bank of Nigeria, Godwin Emefiele, to travel out of Abuja. The court, however, said Emefiele must remain in the country. In his bail terms,…
