Emefiele following criticisms from Nigeria’s political space has revealed the reason behind the Nigerian naira’s redesign. The decision to redesign the naira notes was inspired by a terrible event in 2015 general elections prior to President Buhari’s emergence as Nigeria’s President. The CBN Governor reveals about N2.7 trillion was loaded into people’s private homes ahead … Read more
Emefiele has announced that operatives of the EFCC and ICPC will monitor the distribution of new naira notes to banks. The CBN Governor disclosed this on Sunday after briefing President Muhammadu Buhari on the implementation of the naira redesign. The apex bank had fixed January 31, 2023, as the deadline for the withdrawal of the … Read more
House Committee has demanded the arrest of Godwin Emefiele over the old Naira deadline. The ad-hoc committee on Sunday rejected the 10-day extension by the CBN. The CBN had fixed January 31st as the deadline for the exchange of the old N200, N500 and N1000 notes. EKO HOT BLOG reports that the House of Representatives … Read more
Emefiele is currently in Daura with Buhari over the currency swap deadline. Emefiele has been in the headlines over his refusal to shift the January 31st deadline. With the deadline less than 48 hours away, it was not immediately clear what he may propose to the president during the visit. EKO HOT BLOG reports that … Read more
CBN Governor Emefiele has again insisted that there is ‘no going back on January 31 deadline’. The CBN has insisted that the old N200, N500, and N1,000 notes will no longer be accepted after the deadline. The apex bank made this known via its verified Twitter handle on Saturday evening. EKO HOT BLOG reports that … Read more
The CBN has insisted that the 31st January deadline to halt the use of the old 200, 500 and 1000 naira notes still stands. Emefiele said this during the CBN/Monetary Policy Committee (MPC) briefing in Abuja. Also at the meeting, the CBN raised the Monetary Policy Rate (MPR), which measures interest rate, to 17.5 per … Read more
The CBN Governor Emefiele has secretly returned to the country amid calls for his arrest. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has secretly returned to Nigeria. The embattled CBN chief reportedly returned to the country amidst the call for his arrest over allegations of fraud … Read more
Emefiele has written Reps over a briefing on cash withdrawal limits. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that he’s sick and will not appear before the House of Representatives on Thursday. This was disclosed after he failed to honour an invitation by members … Read more
Emefiele has refused to appear before reps over cash withdrawal limits. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday failed to honour the invitation by members of the House of Representatives to explain the proposed cash withdrawal limit policy. This will be the second time … Read more
CBN has slashed the daily withdrawal limit to N20,000 per day at POS and N100k per week from banks. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has limited weekly cash withdrawals over the counter to N100,000 for individuals and N500,000 for organisations regardless of their size. This is according to a … Read more
A viral video has shown damaged Naira notes stocked in bag bags in an unidentified place. EKO HOT BLOG reports that barely a week after the release of the newly redesigned naira notes by the Central Bank of Nigeria (CBN), bags of damaged old Naira denomination were discovered in a viral video. EDITOR’S PICKS Danger … Read more
CBN Governor, Godwin Emefiele has announced that the new Naira notes will be unveiled tomorrow. EKO HOT BLOG reports that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday announced that President Muhammadu Buhari will officially unveil the designed Naira notes tomorrow Wednesday, November 23, 2022. Emefiele made this known during … Read more
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, on Sunday, asked President Muhammadu Buhari to sack the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele. Eko Hot Blog reports that Primate Ayodele made the call in reaction to CBN’s plan to redesign some denominations of the Nigerian currency. EDITOR’S PICK JUST … Read more
A former CBN deputy governor has declared support for the redesign of Naira notes. EKO HOT BLOG reports that several reactions have trailed the decision of the apex bank following the announcement to redesign the N200, N500 and N1000 naira notes by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele last Wednesday. … Read more
The CBN’s spokesman Osita Nwanisobi said he read report of his purported sack in some media like everyone else Other CBN staff also claimed they are not aware of Emefiele’s sack as widely reported EDITOR’S PICK Again, EFCC Storms Okorocha’s Residence To Arrest Him [PHOTOS] EFCC Re-arraigns Dasuki, Yuguda, Others Over N23.3bn Fraud Okorocha Home … Read more
Buhari Sacks CBN Governor, Godwin Emefiele. Godwin Emefiele was engulfed in controversies after expressing genuine interest in becoming the next president of Nigeria. EDITOR’S PICK JUST IN: Terrorists Invade Bishop Kukah’s Church Kidnap Priests, Others BREAKING: Again, EFCC Storms Okorocha’s Residence To Arrest Him [PHOTOS] [JUST IN] 2023: Another APC Chieftain Defects To PDP [PHOTO] … Read more
CBN Increases Interest Rate To 13.5% Amid Inflation Emefiele said the MPC is suspicious, there might be an aggressive accretion of inflation EDITOR’S PICK Many Feared Dead As Explosion Rocks Kano 2023 Presidency: Ohanaeze Threatens Boycott Of Polls Over Zoning Niger-Delta Youth Group Sends Strong Warning To Wike Over Dagogo Detention EKO HOT BLOG reports … Read more
Emefiele, through his counsel, S.T. Maliki, told Justice Ahmed Mohammed that a notice of discontinuance had been filed and served on the defendants Lawyer to the 4th defendant, John Aikpokpo-Martins, opposed Emefiele’s intention to withdraw the suit EDITOR’S PICK [JUST IN] 2023: Another APC Chieftain Defects To PDP [PHOTO] 2023 Presidency: Tinubu Opens Up On … Read more
The APC National Publicity Secretary, Barr. Felix Morka, said 25 forms were filled and submitted This could suggest that the presidential forms bought for the likes of former President Goodluck Jonathan and African Development Bank boss, Akinwumi Adesina, were actually submitted EDITOR’S PICK Accountant General Suspended Over Alleged ₦80bn Fraud EFCC Arrests Former NDDC MD … Read more
PDP stated that “Emefiele should know that Nigerians will never have a heart attack because of APC’s impunity The opposition party urged Emefiele to be ready for investigation, prosecution, and possible conviction… EDITOR’S PICK ‘You’re Not Fit For President’ – Nigerians React After Atiku Deletes Tweets Condemning Student’s Killing Atiku Deletes Posts Condemning Student’s Killing … Read more