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Tag Archives: Central Bank of Nigeria

FG Reduces Charges Against Ex-CBN Gov, Emefiele

PRESIDENT Bola Tinubu-led government has reduced to six counts the fraud charges it filed against the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Newsextra24 understands that the charges, bordering on alleged procurement, were originally 20. The Federal Government in the charges alleged that the procurement fraud was …

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House Of Reps Moves To Review CBN Act

A bill to amend the Central Bank of Nigeria Act scaled Second Reading at the House of Representatives on Thursday. The proposed amendment according to the sponsor of the bill, Francis Waive, seeks to address several critical aspects of the Act to enhance the effectiveness, transparency, and accountability of the …

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Economy: Naira Gains As CBN Pays Banks $6.7bn Forex Backlog

THE Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various creditors. A source familiar with the development confirmed the payment on Thursday. Meanwhile, unconfirmed sources said three banks received full payment of debts owed. The banks are Citi Bank, Stanbic …

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