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,…

Tinubu nominates new CBN governor and management team 

President Bola Tinubu has officially nominated Dr. Olayemi Michael Cardoso as the next Governor of the Central Bank of Nigeria (CBN).  This appointment, which follows the provisions of the Central Bank of Nigeria Act, 2007, marks a crucial step in…

President Tinubu nominates Cardoso as new CBN governor

President Bola Tinubu has approved the nomination of Dr Olayemi Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five years at the first instance. This is contained in a statement…

Zenith Bank appoints Dr Juliet Ehimuan as non-executive director

Dr Juliet Ehimuan has been appointed as a Non-Executive Director of Zenith Bank Plc effective August 29th 2023.  The appointment was announced in a statement to the Nigerian Exchange (NGX) Limited on Tuesday, August 29, 2023, and has also been…

Tinubu orders probe of CBN, names special investigator

President Bola Tinubu has appointed a special investigator Jim Osayande Obazee to probe the Central Bank of Nigeria (CBN) and Related Activities. This was contained in a letter signed by the President and addressed to Obazee, the Chief Executive Officer…

Naira closes N756/$ as trading rises at investor’s window

The naira appreciated by 1.79 per cent against the United States dollar on the Investor & Exporter forex window on Tuesday, closing at N756.61/$. On Monday, local currency slumped to 770.38/$ at the close of trading on the I&E window…

Meet CBN’s new acting governor, Folashodun Shonubi

Following the immediate suspension of the Central Bank of Nigeria Governor, Godwin Emefiele, from office and reported arrest by the Department of State Services (DSS), his Deputy (Operations Directorate) Folashodun Adebisi Shonubi, has been announced to act in his capacity…

DSS arrests suspended CBN Governor Emefiele

The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been arrested by the Operatives of the Department of State Services, DSS. A competent source with the Service told our Correspondent that the suspended CBN boss was…

Emefiele gone! Tinubu suspends CBN gov, orders probe

President Bola Ahmed Tinubu has suspended the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office with immediate effect. Willie Bassey, a Director in the Office of the Secretary to the Government of the Federation, announced this…

As Nigeria transits from Baba Go- Slow to Mr Go- Fast — Magnus Onyibe

As the immediate past Minister of information and Culture, Alhaji Lai Mohamed, recently revealed in a media chat, President Mohammadu Buhari whose tenure just ended on May 29 is aware that Nigerians had nicknamed him Mr Go-Slow while he was…

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