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…
Nasir el-Rufai’s exemplary courage — Ehi Braimah
On Channels Television last Wednesday during the station’s Daily Sunrise morning show, Nasir el-Rufai, the governor of Kaduna State, confirmed the suspicion of many people when he disclosed that there are fifth columnists within Aso Villa that are working against…
Nigerians won’t lose old notes after deadline – CBN
The Central Bank of Nigeria (CBN) has bowed to the demand of the House of Representatives for a gradual phase-out of the old naira notes. Its Governor Godwin Emefiele, who appeared before the House of Representatives ad hoc Committee, said…
Finally, CBN Governor Emefiele appears before Reps committee over new Naira notes
The Central Bank Governor, Godwin Emefiele is before the ad-hoc committee of the House of Representatives which is investigating the scarcity of the new naira notes. Emefiele had failed to appear before the lawmakers after initial requests detailing in a…
CBN extends old naira deadline till February 10
The Central Bank of Nigeria has extended the deadline for the swapping of old naira notes with the redesigned ones till February 10, 2023. The CBN stated this in a release on Sunday. The apex bank said it added “a…
