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…

Petrol subsidy removal, Dangote Refinery as best kept secret —  Magnus Onyibe

Hitherto,Nigeria had been known as a net exporter of crude oil and a perpetual importer of refined petroleum products. As we all know crude or raw products are sold for very little while processed or finished products attract a much…

*Refinery: We’ll ask Dangote to sell forex at good rate — Emefiele (Vanguard)*Nigeria Air plane to arrive on Friday –  Sirika (DailyTrust)

Refinery: We’ll ask Dangote to sell forex at good rate — Emefiele (Vanguard) With the Dangote Refinery set to deliver its first products in July, the governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, said yesterday that…

*CBN increases interest rate to 18.50% (Vanguard)*Seun Kuti’s trial adjourned till July 3 (Guardian)

CBN increases interest rate to 18.50% (Vanguard) The Central Bank of Nigeria (CBN) has again increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent. The Governor of the CBN, Mr Godwin Emefiele, announced this interest…

*Banks raise cash withdrawal limits to reduce queues (Punch)*Emefiele begs NLC to shelve protest over naira scarcity (DailyTrust)

Banks raise cash withdrawal limits to reduce queues (Punch) Deposit Money Banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials. The move, it was learnt, would help…

Improve infrastructure to achieve cashless policy, financial inclusion, economist advises CBN

An Economist, Dr Tope Fasua, has urged the Central Bank of Nigeria (CBN) to ensure optimally functional internet capacities for the cashless policy be effective. Fasua said this on Sunday in Abuja in interview with the News Agency of Nigeria…

*Bandits kidnap 23, kill one in Kaduna community (Vanguard)*Presidential polls: Outcome of election results manipulated –TMG (Sun)

Bandits kidnap 23, kill one in Kaduna community (Vanguard) Twenty three people were allegedly kidnapped while one was killed by bandits at  the Dogon-Daji community along the Abuja-Kaduna road near Kagarko in Kaduna State. Although the police could not be…

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