Shonubi became the acting CBN governor following the immediate suspension of Emefiele on Friday night by President Tinubu. Folashodun Adebisi Shonubi has been announced as the acting governor of the Central Bank of Nigeria (CBN) following the immediate suspension of Godwin Emefiele on the night of Friday, June 10, 2023. In a not-so-shocking development, President…
The commission said the suspects would be charged to court as soon as investigation is concluded. Operatives of the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested 56 suspected internet fraudsters in Port Harcourt, Rivers. Its Spokesperson, Wilson Uwujaren, said this in a statement on Friday in Abuja. According…
He said that the brazen involvement of the CBN governor in partisan politics was an aberration and most unbecoming. Dr Muda Yusuf, Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), says the suspension of Godwin Emefiele as the CBN Governor is not a surprise. Yusuf in an interview with the News Agency…
The Naira sold for as low as 460 to the dollar within the day’s trading. Naira on Friday depreciated further against the dollar at the Investors and Exporters window, exchanging ₦472.50 to the dollar. The local currency showed a 0.64 per cent decrease when compared with ₦469.50 it exchanged for the dollar on Thursday. The…
Tinubu said he was ready to work with any elected representative, stressing that the Nigeria project was of paramount importance to him. President Bola Tinubu has given assurance that his administration would run an open-door policy that listens in order to transform the country’s rich potentials to reality. Tinubu stated this on Friday at an…
Nwifuru urged the people to be patient with his administration as every sector of governance will soon be instituted. The Ebonyi government says it will arrest and prosecute newly-appointed security aides to the governor for security breaches across the state. Governor Francis Nwifuru gave the warning on Friday in Abakaliki while swearing in new senior…
President Bola Tinubu suspended Emefiele from office with immediate effect on Friday A financial expert, Prof. Uche Uwaleke, says the suspension of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, was long foretold. Uwaleke, a Professor of Finance and Capital Market at the Nasarawa State University, Keffi, said this in an interview…
The theme of this year’s democratic celebration is ‘Hope Reassured’. The Federal Government has assured Nigerians of the brighter future of the country in spite of several challenges the citizens are going through. The Secretary to the Government of the Federation (SGF), George Akume, gave the assurance on Friday Abuja, at a press conference on…
The 2023 Electricity Act will de-monopolise electricity generation, transmission and distribution at the national level. President Bola Tinubu has signed the electricity bill into law to empower state government, companies and individuals to generate, distribute and transmit electricity. The bill which was passed in July 2022 repeals the Electricity and Power Sector Reform Act, 2005….
Emefiele was suspended due to the ongoing investigation of his office and the planned reforms in the financial sector. President Bola Tinubu has suspended Godwin Emefiele as the Central Bank of Nigeria (CBN) governor. The Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey announced the development in a…
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