Finally, DSS Confirms Emefiele’s Arrest By Idris Umar Feta The Department of State Services (DSS) has finally confirmed that Godwin Emefiele, suspended Governor of the Central Bank of Nigeria (CBN), is in its custody. Emefiele was picked up by the secret police after he was removed from...

Terrorism Financing: Emefiele Faces DSS Probe  The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is reportedly facing a probe by the Department of State Services (DSS) and other security agencies over alleged terrorism financing and other financial atrocities. Emefiele who was suspended...

eNaira on Campus: A Familiar Coming Together Between Innovation and Education, by Abdulrahman Abdulraheem   In October 2021, Nigeria became the first country in Africa to adopt any form of official digital currency. The Central Bank Digital Currency (CBDC) was launched with pomp and pageantry by...

FG Records N930bn Fiscal Deficits in Two Months - Report The Central Bank of Nigeria says the Federal Government recorded N930.8bn fiscal deficit in January and February 2023. The CBN stated in its monthly economic report for February 2023 that, “The estimated overall fiscal deficit of...

Telcos Issue Banks Disconnection Notice over N120bn USSD Debt Telecommunication firms have issued Deposit Money Banks disconnection notice amid a disagreement over Unstructured Supplementary Service Data service debt running to over N120bn. According to telcos, banks owe them N120bn for using their USSD infrastructure for financial...

Multiple Exchange Rates May Increase Nigeria's Debt Burden, Says W’Bank The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is harmful as it worsens future debt service payments and increases the risk of debt distress. Malpass said this in...