Court grants Suspended CBN Governor, Emefiele, N20m bail

A Federal High Court sitting in Lagos has granted the suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, bail on Tuesday, 25th July, 2023. Justice Nicholas Oweibo granted Emefiele bail in the sum of 20 million Naira and a…

Suspended CBN Governor, Godwin Emefiele, arraigned by DSS, pleads not guilty to firearms charges

The suspended Central Bank of Nigeria, CBN Governor, Godwin Emefiele, has been arraigned before Justice Nicholas Oweibo at the Federal High Court sitting in Ikoyi, Lagos on 2 counts of illegal possession of firearms and ammunition on Tuesday, 25th July, 2023. Emefiele…

CBN to sanction POS agents charging above N200

The Central Bank of Nigeria, CBN, has promised to prosecute Point of Sale, POS, operators who demand exorbitant charges on transactions. The apex bank’s Governor, Godwin Emefiele, disclosed this during a meeting with members of the diplomatic corps. The CBN governor, who…

Commercial Banks in Nigeria commence new currency disbursement

Commercial banks in major cities in Nigeria have started dispensing the newly redesigned naira notes to over-the-counter customers. This came after Central bank of Nigeria, CBN’s announcement that the newly redesigned naira notes would go into circulation today, Thursday 15th December 2022.…

CBN redesigns N200, N500, N1000 notes

Godwin Emefiele, governor of the Central Bank of Nigeria, CBN, has announced that the bank would release re-designed Naira notes by December 15, 2022. Emefiele disclosed this at a press briefing in Abuja today, 26th October 2022. Godwin Emefiele The governor said…