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…
CBN restores old 500, 1000 naira notes as legal tender
The Central Bank of Nigeria (CBN) has restored the old 200, 500 and 1000 naira notes to remain as legal tender until December 31, 2023. CBN spokesperson Isa Abdulmumin made the disclosure in a statement on Monday. “In compliance with…
Synergistic gaps between CBN and banks in naira redesign exercise — Magnus Onyibe
With the recent discovery of caches of the redesigned naira notes with unbroken wrappers inside Automated Teller Machines, ATMs making it impossible for cash to be dispensed and revelations that stacks of redesigned naira notes are hidden behind old ones…
Buhari asks for 7 days for a major decision on currency redesign
President Muhammadu Buhari Friday urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria to change high value naira notes with…