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
Former Aviation Minister, Festus Keyamo has reacted to Emefiele’s Suspension as CBN Governor. Keyamo stated that he is happy for the Apex Bank and Nigeria. He also said Emefiele must face the full wrath of the law. EKO HOT BLOG reports that a former Minister of Aviation, Femi Fani-Kayode has reacted to the suspension of … Read more
On Friday, President Bola Tinubu appointed Folashodun Adebisi Shonubi, the Deputy Governor (Operations Directorate) of the Central Bank of Nigeria (CBN), as the apex bank’s acting governor. The appointment followed the president’s suspension of Godwin Emefiele as the CBN governor. EDITOR’S PICKS Tinubu Suspends Emefiele As CBN Governor FACT CHECK: Did Sanwo-Olu Direct LASTMA Officers … Read more
Emefiele was suspended after an investigation of his office. His position had long been threatened since the emergence of Tinubu as president. During the campaign season, he was accused of orchestrating cash scarcity to hurt the president’s chances in the upcoming election. Eko Hot Blog reports that President Bola Ahmed Tinubu has suspended the Governor … Read more
The CBN introduced a naira redesign policy that changed the look and feel of the N200, N500, and N1000 notes late 2022. However, the apex bank gave a short deadline to phase out the old naira notes, which triggered a cash scarcity across the country. At least 16 states subsequently sued the federal government and … Read more
The CBN announced the redesign of N200, N500, and N1,000 notes in October 2022. The apex bank set a deadline for the validity of the old naira notes which triggered cash scarcity. The hardship that followed the cash scarcity forced some states to sue the federal government and ask the Supreme Court to weigh in … Read more
The CBN announced the redesign of N200, N500, and N1,000 notes in October 2022. The apex bank set a deadline for the validity of the old naira notes which triggered cash scarcity. The hardship that followed the cash scarcity forced some states to sue the federal government and ask the Supreme Court to weigh in … Read more
Fani Kayode has dragged Emefiele over the naira redesign once again. According to Fani-Kayode, those responsible for hardship in Nigeria will regret their actions. He also assured the people that old notes will return again if Tinubu emerges winner of the Election. EKO HOT BLOG reports that the Former Aviation Minister, Femi Fani-Kayode has once … Read more
Emefiele has finally opened up on the real reason for the Naira redesign. According to the CBN governor, the policy was set out to eliminate corruption, insecurity, and other vices. Emefiele also stated that N200 notes will be made available by commercial banks to Nigerians. EKO HOT BLOG reports that the Governor of the Central … Read more
The CBN introduced a naira redesign policy last December. The policy, backed by the president, has been questionably implemented as millions of Nigerians have struggled to access naira notes. The president recently promised a major decision on the scarcity “in seven days” but time went by as he kept mute. Eko Hot Blog reports that … Read more
El-Rufai has been at the forefront of a battle against the federal government over the deadline for the validity of the old naira notes. The governor attended a Supreme Court hearing on the matter on Wednesday. He recently rejected a proposal by the federal government to extend the validity of the old notes. Eko Hot … Read more
Millions of Nigerians have had difficulty accessing their own money in the bank for several weeks as a result of the scarcity of new naira notes. The situation coincides with the confusion over the validity of the old naira notes. The president is reportedly set to take a decisive action on the matter and relieve … Read more
The CBN’s naira redesign policy has been a source of suffering and confusion for Nigerians in recent weeks. The Supreme Court seemed to give respite to Nigerians last week after ordering the apex bank not to enforce its deadline for phasing out the old naira notes. However, some commercial banks have stopped collecting the old … Read more
By FEMI ODERE When the governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele announced in October that the country’s three high denominations would undergo a facelift by changing their colours and that the notes whose colours would be changed would cease being the country’s legal tender by January 31, 2023, not a … Read more
Millions of Nigerians have been struggling to access naira notes for several weeks due to the CBN’s plan to phase out old naira notes. Deposit money banks have been failing to meet the demands for the new naira notes. On Friday, the Council of State urged the apex bank to print more notes to meet … Read more
Fani-Kayode has threatened to ‘bury’ Emefiele and some perceived political enemies. The former aviation minister insisted that the ‘battle line has been drawn’. Fani-Kayode called out Najaatu, Emefiele, and counterparts of Obi and Atiku. EKO HOT BLOG reports that the Director of New Media/Special Projects of the All Progressives Congress (APC) presidential campaign council, Femi … Read more
Nigerians have been struggling to access the redesigned naira notes for several weeks. The situation has persisted despite numerous promises by the federal government to sort it out. Gbajabiamila spoke about the situation with his constituents on Sunday. Eko Hot Blog reports that the Speaker of the House of Representatives, Femi Gbajabiamila, has revealed his … Read more
There has been a scarcity of naira notes since the CBN announced plans to phase out the old naira notes. Despite the apex bank extending the deadline to phase out the old notes, queues as the ATMs have persisted. The CBN has pledged that the queues will “disappear soon.” Eko Hot Blog reports that the … Read more
Emefiele has blamed commercial banks for the scarcity of new notes. According to the CBN boss, some commercial banks are breaching the apex bank guidelines. Emefiele claimed that, since the introduction of the new naira notes, the scheme has had a success rate of almost 75%. EKO HOT BLOG reports that the Governor of the … Read more