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,…
EFCC raids Dangote Group’s headquarters in Lagos
Operatives of the Economic and Financial Crimes Commission (EFCC) on Thursday reportedly raided the headquarters of the Dangote Group in connection with ongoing investigation into forex allocations in the country. It was gathered that the EFCC operatives demanded documents relating…
Subdued Xmas as consequences of wars in Eastern Europe and the Middle East — Magnus Onyibe
A combination of the wars in Eastern Europe and the Middle East, which have negatively impacted the global economy, has turned 2023 Christmas, which is supposed to be a season of joy for the nearly 2.4 billion Christians across the…
How do we bring Dollar and Naira closer? — Gbubemi Atimomo
An attempt to settle the rift between the Dollar and the Naira Once upon a time, there were two best friends: Miss Naira and Miss Dollar. Ok, they weren’t quite best friends but they were good friends. Even though their…
Ways and Means: Tinubu will not go beyond statutory limit– Edun
President Bola Tinubu will not go above statutory limits in obtaining budget support facilities from the Central Bank of Nigeria (CBN) through the Ways and Means Advances. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun,…