EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) on Tuesday announced that it has extended the validity of the old N200, N500 and N1,000 notes indefinitely. The apex bank’s Director, Corporate Communications, Isa AbdulMumin disclosed this in a statement titled, “CBN To Allow Old Design Naira Banknotes As Legal Tender, Ad Infinitum” … Read more
Eko Hot Blog reports The Central Bank of Nigeria (CBN) has reportedly launched a campaign to hunt down some influential Nigerians allegedly responsible for the depreciation of the Naira against the Dollar. An insider who reportedly spoke with the Daily Post on Thursday (today) disclosed that the apex bank has vowed to clamp down on … Read more
EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC), on Monday, failed to produce the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele at the High Court of the Federal Capital Territory. This online media platform understands that Emefiele was not produced in court despite an order of a … Read more
EKO HOT BLOG the House of Representatives Public Accounts Committee (PAC) on Thursday summoned the 11 Electricity Distribution Companies (DisCos) and the Central Bank of Nigeria over $321 million and N18.2 billion in loans for the accelerated transmission distribution interface, lines and substation projects. The Chairman of the PAC, Bamidele Salam, disclosed this when Engr … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has urged a Federal High Court in Lagos to dismiss a suit filed by human rights lawyer, Femi Falana, seeking to compel the apex bank to stop the alarming depreciation of the Naira. CBN, in its preliminary objection to the suit, is contending that … Read more
Eko Hot Blog reports that the naira, on Wednesday, fell to a new all-time low at the parallel section of the market. According to the TheCable, Bureaux De Change operators (BDCs), on Wednesday, quoted the naira at N1,045 to the greenback. The figure represents a depreciation of N45 or 4.5 percent from the N1,000 it … Read more
EKO HOT BLOG reports that the Special Investigator appointed to probe the activities of the Central Bank of Nigeria (CBN), Jim Obazee, has reportedly submitted an interim report to President Bola Tinubu. Recall that Tinubu had on July 28, 2023, appointed Obazee, a former Chief Executive Officer of the Financial Reporting Council of Nigeria, as … Read more
EKO HOT BLOG reports that there is reportedly tension among some officials in the Presidency over the content of the report of Jim Obazee, a Special Investigator examining the books of the Central Bank of Nigeria (CBN), ahead of the submission. This online media platform recalls that President Bola Ahmed Tinubu had appointed Obazee … Read more
Eko Hot Blog reports that the Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN) has described the media report that his office signed a non prosecution plea bargain with the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele as false It would be recalled that Emefile and … Read more
Eko Hot Blog reports that the recently appointed Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed his commitment to addressing the apex bank’s outstanding foreign exchange obligations as a top priority in the immediate future. EDITOR’S PICKS Presidency Misleads Nigerians For Third Time In Less Than Two Weeks VIDEO: Nigeria Committed … Read more
EKO HOT BLOG reports that the 10th Senate led by Godswill Akpabio on Tuesday confirmed Olayemi Cardoso as the Governor of the Central Bank of Nigeria (CBN). Cardoso was nominated by President Bola Tinubu on the 15th of September, 2023 as the Governor of the apex bank for a term of five years. This online … Read more
Eko Hot Blog reports that the acting Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso on Friday formally resumed duties at the headquarters of the apex bank in Abuja This follows the resignation of Mr. Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Embattled former CBN Governor … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) on Wednesday unveiled an online platform for the submission of Microfinance Bank licence applications. The new platform, named the “CBN Licensing, Approval and Other Requests Portal”, will replace the traditional manual process through which prospective MFB licence applicants previously submitted their applications to the … Read more
EKO HOT BLOG reports that the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele reportedly resigned from office in August. According to Reuters, Emefiele who was suspended by President in June, tendered his resignation letter to President Bola Tinubu. EDITOR’S PICKS Group Demands Investigation Into Alleged Corrupt Verdicts By Election Petition Tribunals … Read more
Eko Hot Blog reports that Lagos State Governor, Babajide Sanwo-Olu, has congratulated Dr. Yemi Cardoso, a former Commissioner for Economic Planning and Budget in Lagos, on his nomination as the new governor of the Central Bank of Nigeria (CBN). His congratulatory message was contained in a statement he posted on his X account on Friday. … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has disowned plans to introduce a new naira policy that will crash the dollar exchange rate to N1.25 kobo. A report circulating online on Wednesday had claimed that the apex bank was mulling a new FX policy. EDITOR’S PICKS ‘Promise Fulfilled’ — Hakeem Shittu … Read more
Eko Hot Blog reports that there is an alleged panic and apprehension within the top hierarchy of the Central Bank of Nigeria (CBN) as the team deployed to support the Special Investigator appointed by President Bola Tinubu to probe the activities of the apex bank and related entities commences intelligence findings. It would be recalled … Read more
Eko Hot Blog reports that a crack team of police officers led by DCP Eloho Edwin Okpoziakpo has been deployed to support the Special Investigator appointed by President Bola Tinubu to probe the activities of the Central Bank of Nigeria (CBN) and related entities. The team’s preliminary intelligence has reportedly sent jitters down the spines of … Read more
Eko Hot Blog reports that the Department of State Services, DSS has arrested and detained the Deputy Governor of the Central Bank of Nigeria in charge of Financial System Stability, Aisha Ahmad, over the alleged fraudulent acquisition of shares in Polaris Bank, Titan Bank/Union Bank. The CBN Deputy Governor is currently being interrogated on how … Read more
EKO HOT BLOG reports that the deputy governor of the Economic Policy Directorate of the Central Bank of Nigeria (CBN), Kingsley Obiora has been detained by officials of the Department of State Services (DSS). His detention has thrown the CBN into a state of anxiety as many staff of the apex bank are confused. … Read more