Central Bank of Nigeria

ACJHR Condemns Emefiele’s Rearrest, Demands Respect For Judiciary

July 26, (THEWILL) - The African Centre for Justice and Human Rights (ACJHR), has condemned the rearrest of Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN), by the Department of State Services (DSS). THEWILL reports that...

CBN Raises Interest Rate To 18.75%

July 25, (THEWILL) - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the interest rate to 18.75 per cent on Tuesday. After the committee’s meeting on Tuesday, which is the first without Godwin Emefiele...

Afrinvest Guides Investors On Opportunities in Post-Reform Economy

July 19, (THEWILL) - Afrinvest West Africa Limited has provided intelligent guidance to domestic investors on opportunities available in this period of massive reforms across key sectors of the economy. At the company's mid-year investment parley held on Tuesday...

Lawyers File Contempt Proceedings Against DSS DG Over Emefiele’s Detention

July 17, (THEWILL) - A consortium of lawyers numbering about 60 have approached a High Court of the Federal Capital Territory (FCT) to commence committal to prison proceedings against the Director General of the Directorate of State Services (DSS),...

Currency Float: I&E Window Records Over $2.5bn Turnover in One Month, Naira Hits N803.90/$

One month after the Nigerian government liberalised the exchange rate on June 14, 2023, the Investors’ and Exporters’ FX (I and E) window recorded over $2.5 billion within one month of 21 trading days. This represents about 58...

CBN Revises Tenure Limits for Bank Executives to a Maximum of 24 Years

July 14, (THEWILL) - The Central Bank of Nigeria has revised the tenure of executive directors (ED). Deputy managing directors (DMD), and managing directors (MDs) of Banks and Bank Holding companies. This confirms the policy shift reported by THEWILL on...

Court Voids Emefiele’s Arrest, Detention By DSS, Orders Immediate Release

July 14, (THEWILL) - A Federal Capital Territory High Court sitting in Abuja, has nullified the arrest, detention and interrogation of Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN), by the Department of State Services...

DSS Claims Emefiele Charged, But Did Not Give Details

July 13, (THEWILL) - The Department of State Services (DSS), on Thursday night, claimed that Godwin Emefiele, the suspended Governor of the Central Bank Nigeria (CBN), has been charged to court. This is coming barely eight hours after a Federal...

BREAKING: Adaora Returns As Zenith DMD, Others To Follow As CBN Revises Policy On Tenure Of Executive Management And Non-Executive Directors of Banks

July 12, (THEWILL) - Ms Adaora Remy Umeoji, the former Deputy Managing Director (DMD) of Zenith Bank, has returned to her position after she relinquished the post in compliance with the Central Bank of Nigeria’s (CBN) policy on tenure...

Sterling HoldCo Appoints New Chairman, CEO, Non-Executive Directors

July 05, (THEWILL) - Three months after it transited to a holding structure in April 2023, Sterling Financial Holdings Company Plc has announced the appointment of new Chairman, CEO, and Non-Executive Directors. This was disclosed in an official statement...
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Country Music Legend, Dolly Parton, Dies at 80

Her family announced her death Tuesday, with her nephew Bryan Seaver sharing the news in a video on social media. Seaver, who served as Parton’s head of security for more than two decades, said she had asked him years ago to make the announcement.
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