Naira Stabilises at ₦1,600 Per Dollar in Black Market The Naira has remained relatively stable against the US dollar, maintaining its rate of ₦1,600 at the black market. It is however selling at ₦1,615 per dollar. Meanwhile, the official exchange rate set by the Central Bank of...

Senate Inaugurates Committee to Probe N30tn CBN Loans The Senate President, Godswill Akpabio, has charged the panel members investigating the N30tn “Ways and Means” loans secured from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government not to leave any stone unturned, saying...

Senate Inaugurates Committee to Probe N30tn CBN Loans The Senate President, Godswill Akpabio, has charged the panel members investigating the N30tn “Ways and Means” loans secured from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government not to leave any stone unturned, saying...

EFCC Investigator: How Emefiele Gave Family, Friend Contracts The former Central Bank of Nigeria Governor, Godwin Emefiele, who faces corruption after suspension from office in June last was said to have awarded contracts to family and friend. Agboro Michael, an investigator at Nigeria’s anti-corruption agency, ICPC,...

EFCC Investigator: How Emefiele Gave Family, Friend Contracts The former Central Bank of Nigeria Governor, Godwin Emefiele, who faces corruption after suspension from office in June last was said to have awarded contracts to family and friend. Agboro Michael, an investigator at Nigeria’s anti-corruption agency, ICPC,...

CBN Cautions Banks Against Use of Stale Circulars The Central Bank of Nigeria (CBN) has issued a warning to all deposit money banks, licensed non-interest banks and other authorised dealers over persistent use of superseded circulars and guidelines within the banking sector, urging adherence to...