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BREAKING: Nigeria’s Central Bank Approves Unity Bank, Providus Bank Merger
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BREAKING: Nigeria’s Central Bank Approves Unity Bank, Providus Bank Merger

8 months ago1223 min

A statement by the CBN Acting Director, Corportae Communications, Mrs Sidi Ali Hakama on Tuesday, said, “This strategic move is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The Central Bank of Nigeria (CBN) has granted approval for a financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. A statement by the CBN Acting Director, Corportae Communications, Mrs Sidi Ali Hakama on Tuesday,...

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by Probitas
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Central Bank Of Nigeria Sells $148million At N1470/$1 To Authorised Dealers

8 months ago6403 min

The transactions took place between Monday and Tuesday to provide necessary liquidity to the FX market. The Central Bank of Nigeria (CBN) has announced the sale of $148 million to authorised dealers in the Nigerian Foreign Exchange Market (NFEM).    The transactions took place between Monday and Tuesday to provide necessary liquidity to the FX market.   According to a statement by Mrs. Hakama Sidi-Ali, acting Director of the Corporate Communications Department, the CBN sold...

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Depleting External Reserve Not Due To Defending Naira But For Debt Repayment, Says Nigeria’s Central Bank

12 months ago1336 min

The Governor of the Central Bank of Nigeria Olayemi Cardoso says the naira’s recent sharp rise is a positive verdict on policy action to curb inflation, not because the authorities have been intervening in its support. A Bloomberg report this week said Nigeria was burning through its foreign exchange reserves at a rate not seen in four years, raising concerns that the central bank was depleting its dollar holdings to support the naira after pledging...

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Central Bank Of Nigeria Staff Tells Court How Ex-Governor Emefiele Directed Him To Collect $3Million Cash In Tranches

12 months ago1298 min

A Central Bank of Nigeria (CBN) Staff, Mr Monday Osazuwa, has narrated to an Ikeja Special Offences Court how the former Governor of the apex bank, Godwin Emefiele, on different occasions, directed him to collect the sum of $3 million cash in tranches.   Osasuwa, while being led in evidence by the Economic and Financial Crimes Commission (EFCC) Counsel, Rotimi Oyedepo (SAN) on Friday said that he was a dispatch rider in Zenith Bank since...

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BREAKING: Lagos High Court Grants Former Central Bank Governor, Emefiele N50Million Bail

12 months ago1303 min

The Economic and Financial Crimes Commission (EFCC) has released details of 18 out of the 26 fresh multi-million-dollar and naira corruption charges preferred against Emefiele.     A high court sitting in Ikeja, Lagos, has granted bail to the former governor of the Central Bank of Nigeria, Godwin Emefiele, in the sum of N50 million. The Economic and Financial Crimes Commission (EFCC) has released details of 18 out of the 26 fresh multi-million-dollar and naira...

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EFCC Releases Details Of 18 Of 26 Fresh Multi-Million-Dollar, Naira Corruption Charges Against Former Nigerian Central Bank Governor, Emefiele

12 months ago1235 min

The Economic and Financial Crimes Commission (EFCC) has released details of 18 out of the 26 fresh multi-million-dollar and naira corruption charges preferred against the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.   Emefiele who is presently in the custody of the EFCC and Henry Isioma Omoile, were arraigned at the Special Offences Court sitting in Ikeja, Lagos, on Monday by the EFCC on 26 fresh counts.   SaharaReporters has...

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BREAKING: Court Adjourns Ruling On Former Nigerian Central Bank Gov, Emefiele’s Bail Application To April 11

12 months ago1143 min

    The Lagos State High Court sitting in Ikeja on Monday adjourned the ruling on the bail application filed by the former Central Bank of Nigeria Governor, Godwin Emefiele. SaharaReporters had reported how Emefiele arrived at the court for his arraignment earlier on Monday morning over alleged abuse of office. Emefiele was arraigned along with his co-defendant, Henry Isioma Omole, on 26 counts before Justice Rahman Oshodi. The former governor of the apex bank...

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BREAKING: Former Nigerian Central Bank Gov, Emefiele Arrives In Lagos Court For Arraignment  

12 months ago1153 min

  The former Central Bank of Nigeria Governor, Godwin Emefiele, has arrived at the Ikeja State High Court in Lagos to be arraigned on alleged abuse of office. Emefiele will be arraigned along with his co-defendant, Henry Isioma Omole, on 26 counts before Justice Rahman Oshodi on Monday. The charge marked ID/23787c/2024 and dated April 3, 2024, was filed by Mr. Rotimi Oyedepo (SAN). The Economic and Financial Crimes Commission (EFCC) alleged that Emefiele abused his...

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Senate Uncovers Several Infractions In N30trillion Ways And Means Loans Under Buhari, Summons Central Bank Ex-Gov Emefiele

1 year ago1354 min

The upper legislative chamber of the National Assembly, the Senate is set to summon the former Governor of the Central Bank of Nigeria, Godwin Emefiele, over 13 infractions uncovered in the process of obtaining the N30 trillion Ways and Means loan during the administration of former President Muhammadu Buhari. The Senate ad hoc committee probing the disbursement and usage of the Ways and Means loan, which disclosed this on Tuesday, during a meeting with the...

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