External Reserves Drop by $3bn in Six Months, Says CBN   Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed in its figures...

Why Emefiele had to Go - Tinubu   President Bola Ahmed Tinubu has broken his silence on the suspension of Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. The President spoke on the issue during an interactive session with Nigerians resident in France and neighbouring European countries. Tinubu...

Inflation Rate Rose 67 Times Under Emefiele   Nigeria’s inflation rate rose not less than 67 times since June 2014. Analysis of the Inflation Rate data provided by the Central Bank of Nigeria also showed that the consumer price index was 8.2 per cent in June...

Stock Market Capitalisation Rises by N1.2tn The Nigerian stock market posted significant growth on Tuesday as market capitalisation soared by four per cent (N1.22tn) to N31.6tn. The strong rebound by the Nigerian stock market came as investors welcomed the news of the suspension of the CBN...

Emefiele Is Nigerian, Not Igbo, by Aliyu U. Tilde   It’s appalling to see some people, mostly from Emefiele’s Igbo tribe, attacking any critic who says anything wrong about Emefiele’s tenure or supports his arrest. One can easily discern this going through the comments on @realFFK’s...

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...