Alleged Abuse Of Office: Witness Tenders Evidence Against Emefiele In Court

Emefiele’s Jurisdiction

The 7th Prosecution witness, Mr John Adetola, testifying in the case against the former Governor of Central Bank of Nigeria, Godwin Emefiele has revealed how he collected the sum of $400,000 on behalf of Emefiele. Adetola, who identified himself as an Executive Assistant to Emefiele, also disclosed how he handed over the money to his … Read more

‘How Emefiele Impersonated SGF To Collect $6.2M From The CBN’- FG Reveals

Eko Hot Blog reports that the federal government, on Thursday, slammed amended charges against former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele in the case before Justice Hamza Muazu of the Federal Capital Territory High Court in Abuja. As earlier reported by Naija News, the amended charge sheet contains a total of 20 counts … Read more

JUST IN: CBN Releases Cash, Orders Banks To Operate On Weekend

  • The CBN has released more cash into the economy.

  • The CBN has also ordered commercial banks to operate on weekend.

  • The development is coming days after NLC threatened to stage protests at CBN offices nationwide.

EKO HOT BLOG reports that the Central Bank of Nigeria, CBN has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations.

The CBN has also directed all commercial banks to open for operation on Saturdays and Sundays.

EDITOR’S PICKS  

The Acting Director, Corporate Communications Department of the CBN, Dr. Isa AbdulMumin, disclosed this in Abuja, on Friday, stating that a substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers.

According to him, the CBN had directed all banks to load their Automated Teller Machines (ATMs) as well as conduct physical operations in the banking halls through the weekends.

“Branches of commercial banks will operate on Saturdays and Sundays to attend to customers’ cash needs,” he noted, adding that the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, would personally lead teams to monitor the level of compliance by the banks in various locations across the country.

FURTHER READING  

He, therefore, urged Nigerians to be patient as the current situation would ease soon with the injection of more banknotes into circulation.

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Naira Swap: CBN Threatens To Prosecute PoS Agents Charging Above N200

The CBN has warned PoS agents against charging above N200. The CBN has also threatened to arrest and prosecute offenders. Mr Joseph Omayuku, the Director of the Governor’s Department, CBN, stated this on Monday while briefing journalists in Yenagoa, Bayelsa State. EKO HOT BLOG reports that the Central Bank of Nigeria has pledged to crack … Read more

3 Govs Throw Their Weight Behind The Masses, Drag FG, CBN To Court Over Naira Scarcity

Governors of Kaduna, Kogi, and Zamfara have dragged the FG and CBN to court over naira scarcity. The three northern states are urging the apex court to grant them an interim injunction stopping the Federal Government either by itself or acting through the CBN. No date has been fixed for the hearing of the suit. … Read more

CBN Launches Nigerian Domestic Card, Bans Dollar Charges On National Transactions

The CBN has launched the Nigerian Domestic Card and banned dollar charges on transactions within the country. Launching the card virtually, Emefiele said: “all domestic transactions that are that are going to be conducted in Nigeria will have to be through the Nigerian domestic cards.” Noting that the domestic card scheme avails the country “the … Read more

Finance Ministry Opposes Emefiele’s Plan To Redesign Naira Notes

The finance ministry has rejected Emefiele’s proposed policy to redesign the naira notes. EKO HOT BLOG reports that the Minister of Finance, Budget and National Planning, Zainab Ahmed Friday, renounced the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on his proposed policy to redesign some of the nation’s currency notes on … Read more

BREAKING: Buhari Appoints New NSPMC Managing Director

President Muhammadu Buhari has approved the appointment of Ahmed Halilu as the substantive Managing Director of Nigerian Security Printing and Minting Company, NSPMC Plc.   EKO HOT BLOG reports that Halilu has been operating in acting capacity since May 16 when the former Managing Director, Abbas Masanawa, resigned to enable him pursue his gubernatorial ambition. EDITOR’S PICK … Read more

Emefiele To Present Banking Industry 2020 Scorecard At CIBN Bankers Dinner

Emefiele, CBN. Senate

Scorecard The Central Bank Governor, Mr Godwin Emefiele, is to present the banking industry’s scorecard for 2020 at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN), on Nov. 27. Emefiele is also expected to provide economic insight into 2021 monetary policy and regulatory direction at the event in … Read more

COVID-19: CBN Ready To Fund Research For Nigerian Made Vaccines

Insecurity: Nigeria Expecting 12 Fighter Jets – Emefiele

Central Bank of Nigeria (CBN) is set to fund Nigerian made COVID-19 vaccines. The Governor of CBN, Mr Godwin Emefiele via Twitter handle of the apex bank approved a fresh grant for research institutions and biotechnology firms to develop locally made COVID-19 Vaccine. Emefiele who disclosed this at the unveiling of the THISDAY Dome Testing, … Read more

Analysts: MPC Retains Interest Rate To Accelerate GDP Growth

GDP Growth

The Monetary Policy Committee (MPC) has left the benchmark Monetary Policy Rate (MPR) and other monetary policy tools unchanged to spur economic growth in the fourth quarter of the year. According to reports, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele who disclosed this decision on Tuesday during a press conference at … Read more