Central Bank of Nigeria

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AS NIGERIA PROBES ALLEGED FOREIGN EXCHANGE MISUSE: Panic In Business Community As State Investigators Target Dangote, BUA, Flour Mills, TGI, Others

Amos Esele, THEWILL -
January 07, (THEWILL) - Some notable national newspapers, television stations and news websites used words like "Raid" and "Gestapo" in their headlines to describe last Thursday's Economic and Financial Crimes Commission (EFCC) operation at the Dangote Lagos headquarters in...
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Amid Biting Inflation, Plummeting Living Standards, Bleak Yuletide Awaits Nigerians

Amos Esele, THEWILL -
December 24, (THEWILL) - For millions of Nigerians, financial history appears to be repeating itself with vengeance. Money, which, according to a holy book, “answereth all things” may not be as available as desired during the Yuletide. Just as it...
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Ex-SGF Mustapha Refutes $6.3m CBN Corruption Allegation, Calls For Probe

Aina Ojonugwa, THEWILL -
December 24, (THEWILL) - A former Secretary to the Government of the Federation (SGF), Boss Mustapha, has refuted reports alleging his involvement in the illegal withdrawal of $6.3 million from the Central Bank of Nigeria (CBN) during the administration...
Business

Union Bank Acquisition: TGI Debunks Link to Emefiele, Says Report Negative to Nigeria’s Image

Sam Diala, THEWILL -
December 24, (THEWILL) - Tropical General Investment (TGI) Group has debunked media reports purportedly traced to documents initiated by the Special Investigator probing activities of the Central Bank of Nigeria (CBN) under Mr Godwin Emefiele, the immediate past governor. The...
Business

CBN Lifts Ban On Cryptocurrency Transactions, Issues Guidelines

THEWILL. -
December 24, (THEWILL) - The Central Bank of Nigeria (CBN) has lifted ban on cryptocurrency transactions in the country, directing commercial banks and other financial institutions to jettison its previous instruction on crypto transactions. The guidelines are contained in a...
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Blame Game Childish, Diversionary – Ohanaeze Youths Carpet Cardoso Over Emefiele

Aina Ojonugwa, THEWILL -
December 15, (THEWILL) - The Youth wing of Igbo apex socio-cultural organisation, Ohanaeze Youths Movement, on Friday, said the blame game against Godwin Emefiele by the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, was childish and...
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No Attempt To Forcefully Abduct Emefiele – NCoS

Aina Ojonugwa, THEWILL -
December 07, (THEWILL) - Security agencies in Nigeria have denied attempts to forcefully abduct former Central Bank Governor, Godwin Emefiele, from the custody of the Correctional Centre, Kuje, Abuja. Controller General of the Nigeria Correctional Service (NCoS), Haliru Nababa,...
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Sanusi Seeks Proper Audit Of NNPC, Kicks Against President As Petroleum Minister

Musa Diso, THEWILL -
December 07, (THEWILL) - Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has called for a proper audit of the Nigerian National Petroleum Company Limited (NNPC Ltd) as he claimed it is not right for...
Business

Manufacturers Lament Over Forex Policy Reversal On 43 Import Items

THEWILL. -
December 03, (THEWILL) - Manufacturing companies are expressing concerns over the impact of the policy reversal on the 43 items earlier banned for foreign exchange. Ihe Central Bank of Nigeria (CBN) had on October 15, 2023 announced the readmission of...
Business

Intervention Funds: CBN’s Policy Shift Paves Way For BOI, DBN To Bolster Entrepreneurship Support

Sam Diala, THEWILL -
December 03, (THEWILL) - The policy shift by the Central Bank of Nigeria (CBN) on its development finance activities will pave the way for the Bank of Industry (BOI) and the Development Bank of Nigeria (DBN) to expand their...
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NewsFelix Ifijeh, THEWILL -

Ikire Killings: Police, Residents Trade Blame As Two Die, Officers Injured In Osun

The violence erupted on Monday at the Naira and Kobo area of Ikire, Irewole Local Government Area, along the Ibadan-Ife Expressway, amid an alleged struggle for control of the motor park. While the Osun State Police Command described the incident as an armed attack on its patrol team by suspected political thugs, residents and political actors in the community have accused the police, particularly the Divisional Police Officer (DPO), of involvement in the shooting.
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