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Central Bank of Nigeria (CBN)

Nigerian govt. freezes $37m worth of cryptocurrency traced to suspected protest organisers

by Ron Morgan
Nigerian govt. freezes m worth of cryptocurrency traced to suspected protest organisers

The Nigerian government has frozen more than $37 million worth of cryptocurrency held in wallets believed to be owned by some organisers of #EndBadGovernance protests. The freezing followed an order …

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Nigeria Customs suspends 25% penalty on improperly imported vehicles

by Ron Morgan
Nigeria Customs suspends 25% penalty on improperly imported vehicles

The Nigeria Customs Service (NCS) has announced the suspension of the 25 per cent import duty penalty on improperly imported vehicles. The directive for the suspension came from the Minister …

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Budget padding controversy, Ningi’s suspension, probe of N30 trillion CBN loan, change of leadership in senators groups, others top stories at Senate

by Ron Morgan
Budget padding controversy, Ningi’s suspension, probe of N30 trillion CBN loan, change of leadership in senators groups, others top stories at Senate

Senate panel begins probe of N30trn CBN loan obtained by Buhari The Senate began legislative activities last Monday with the inauguration of a nine-member ad hoc committee to interrogate the …

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Witness provides details of contracts allegedly awarded ‘corruptly’ by Emefiele

by Ron Morgan
Witness provides details of contracts allegedly awarded ‘corruptly’ by Emefiele

A prosecution witness, on Monday, detailed how former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, who who is standing trial on fraud and corruption charges, allegedly awarded 45 contracts, …

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EFCC declares Emefiele’s wife, brother-in-law, two others wanted

by Ron Morgan
EFCC declares Emefiele’s wife, brother-in-law, two others wanted

The Economic and Financial Crimes Commission (EFCC) has declared the wife of a former Governor of the Central Bank of Nigeria (CBN), Margaret Emefiele, wanted for alleged fraud. Also wanted …

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CBN’s MPC will complement fiscal activities to improve economy – Cardoso

by Ron Morgan
CBN’s MPC will complement fiscal activities to improve economy – Cardoso

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will impact the growth of the Nigerian economy, central bank governor Olayemi Cardoso said on Monday. Expressing concerns …

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We’ve sufficient stock of currency notes

by Ron Morgan
We’ve sufficient stock of currency notes

The Central Bank of Nigeria (CBN) has said there is sufficient stock of currency notes for economic activities in the country. The bank made this known in a statement signed …

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