EKO HOT BLOG reports that an advocacy group, United for Truth, Integrity and Justice (UTIJ), has expressed disappointment with the arrest and detention of the immediate past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, by the State Security Service (SSS), describing the development as a witch-hunt. Recall that Emefiele was arrested … Read more
EKO HOT BLOG reports that the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele might face charges of illegal possession of gun and live ammunition. According to a report by Channels Television, the embattled CBN governor will face a two-count charge of possessing one single-barrel shotgun (JOJEFF MAGNUM 8371) without a licence, thus committing … Read more
EKO HOT BLOG reports that the Federal Government borrowed N1.83tn from the Central Bank of Nigeria through Ways and Means Advances in the first quarter of 2023. This pushed its borrowing from the CBN to N25.36tn in March 2023 from N23.53tn in December 2022. EDITOR’S PICKS Akpabio Announces Chairmen, Vice Chairmen Of Senate Committees … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has disclosed that the nation’s official currency, the naira can now stand as a payout option for remittances from the diaspora. The was contained in a circular dated July 10, 2023, and signed by CBN’s Director, Trade and Exchange Department, O.S. Nnaji. EDITOR’S PICKS … Read more
Eko Hot Blog reports that the Department of Security Services (DSS) has charged Godwin Emefiele, the suspended governor of Central Bank of Nigeria (CBN) to court. DSS spokesperson, Peter Afunaya made this known in a press statement issued on Thursday. Mr Afunaya added that the decision to charge Emefiele to court was made in accordance … Read more
EKO HOT BLOG reports that Central Bank of Nigeria has said it will intervene to resolve issues around the new charges adopted by Point of Sale operators in Nigeria. Already, Point of Sale agents are meeting with stakeholders across the country to agree on changes in transaction charges for PoS services. EDITOR’S PICKS OPM’s Apostle … Read more
The recent directive by the Central Bank of Nigeria (CBN) to include customers’ social media handles as part of the customer identification process has sparked both praise and concerns. While the CBN aims to strengthen Customer Due Diligence (CDD) regulations and combat fraudulent activities, there are valid apprehensions regarding privacy infringement and its potential impact … Read more
Eko Hot Blog reports that President Bola Ahmed Tinubu Thursday in Lagos said he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial hemorrhage. Speaking at a reception organised in his honour … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has set N15,000 limit for contactless payment. Contactless payment system is a technology that enables an alternative payment Contactless payment system method whereby payment instruments are used without physical contact with the payment channels. EDITOR’S PICKS Shehu Sani Slams Wike’s Appointment Obsession, Questions APC’s … Read more
SERAP has called on the CBN to immediately delete unlawful provisions in its regulations, which mandate banks to obtain customers’ social media handles for identification. SERAP argues that such requirements violate the rights to freedom of expression and privacy. They have given the CBN a three-day ultimatum to reverse the policy and withdraw the directive. … Read more
EkoHotBlog reports that President Tinubu has revealed why he suspended Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN). Speaking during an interactive session with Nigerian community living in France on Friday, Tinubu said the country’s financial system under Emefiele was rotten. EDITOR’S PICKS Major Nigeria Newspaper Headlines Saturday, June 24th, 2023 … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has lifted the restriction on cash deposits into domiciliary accounts. The apex bank made the disclosure in guidance to Deposit Money Banks (DMBs) after a meeting with the bankers’ committee on Sunday. The meeting was meant to provide further guidance to DMBs on the … Read more
EkoHotBlog reports that the Department of State Services (DSS) has raised alarm over some groups and persons’ plans to stage a protest over the suspension and investigation of Mr Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN). The DSS also claimed, “the groups intend to gather at different points in the … Read more
EkoHotBlog reports that Lamido Sanusi,14th Emir of Kano and former Governor of the Central Bank of Nigeria (CBN) has praised President Bola Ahmed Tinubu on his economic reforms since his assumption of office. Tinubu, who took charge barely two weeks ago, has removed fuel subsidy and directed the Central Bank of Nigeria (CBN) to abolish … Read more
EkoHotBlog reports that the Central Bank of Nigeria (CBN) has announced the unification of all segments of the forex exchange (FX) market. This was part of a series of immediate changes to operations in the FX Market, in a bid to improve liquidity and stability. EDITOR’S PICKS Major Nigeria Newspaper Headlines Thursday, June 15th, 2023 … Read more
Eko Hot Blog reports that the Department of State Services (DSS) has invited Mr Abdulrasheed Bawa, the suspended Chairman of the Economic and Financial Crimes Commission (EFCC). The DSS made the disclosure in a statement issued by its spoksperson, Peter Afunanya, late Wednesday night. EDITOR’S PICKS DSS Invites Suspended EFCC Chairman AbdulRasheed Bawa FG Announces … Read more
Eko Hot Blog reports that the naira is currently selling for as high as N750 – N755 per dollar at the investors and exporters (I&E) window. The situation arose on Wednesday as the Central Bank of Nigeria (CBN) gave commercial banks and dealers in the forex market the green light to sell forex freely at … Read more
It has been two weeks since President Bola Tinubu took the oath of office as the 16th commander-in-chief of the Federal Republic of Nigeria. As he promised in his inaugural speech on May 29, 2023, he has hit the ground running and seems to be taking all the right decisions as it stands. Since President … Read more
Eko Hot Blog reports that the Department of State Services (DSS) has announced that Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN), is now in its custody. Recall that following the suspension of Emefiele by President Bola Tinubu on Friday night, reports of his arrest by the DSS surfaced online. EDITOR’S … Read more
Eko Hot Blog reports that the Department of State Services (DSS) has reacted to reports that its operatives arrested Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN) on Friday night. Recall that President Bola Tinubu suspended the CBN governor Friday evening. EDITOR’S PICKS Tinubu Suspends Emefiele As CBN Governor Meet Folashodun … Read more