Browsing: CBN

In a recent development at the High Court of the Abuja Federal Capital Territory (FCT), Justice Hamza Muazu has decreed that Godwin Emefiele, the ex-Governor of the Central Bank of Nigeria (CBN), must be held in Kuje prison until November 22, 2023, awaiting the court’s verdict on his bail plea.

The reason your Automated Teller Machine, ATM cards might not work again, is there would be a new option by the Central Bank of Nigeria, CBN, to foster all domestic transactions.

Civil Society Organizations, CSOs, under the aegis of the Coalition of Civil Society Organisation and Youth Group, CCSGYG, yesterday, in a massive protest in Abuja, warned the Department of State Security Service, DSS, against a plot to arrest and detain the Central Bank of Nigeria’s Governor Godwin Emefiele over some trump-up charges.

Over 2000 Civil Society Organizations, CSOs, under the auspices of Coalition of Civil Society Organizations on Good Governance, CCSGG, Friday, staged a protest that blocked gate of the National Assembly, and called for arrest of a Member of House of Representatives from Jigawa State, Hon Gudaji Kazaure, over unfounded allegations on the alleged N89 trillion stamp duty fraud against the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele.

The newly introduced Central Bank of Nigeria, CBN cash withdrawal limit did not greet Nigerians well, as a considerable number of individuals, Business owners and Corporations, have outrightly kicked against the idea.

It came as a surprise when Nigerians learnt that the Central Bank of Nigeria, CBN, revealed plans to release new naira notes design different from the nation’s present currency denominations.

Nigerian House of Representatives has commenced inquisition into the forty billion dollars ($40bn) fund recovered by the Economic and Financial Crimes Commission, EFCC, and remitted to the Central Bank of Nigeria, CBN, that is not accounted for in any available record.

eNaira, which is simply Nigeria’s Digital Currency, is clearly, according to an Analyst, Fisayo Fosudo, from a platform named the VULTe, is not a Cryptocurrency but uses technology for online transactions. A company named Bitt, Inc. was commissioned to coordinate the project.