Godwin Emefiele
8 Jun 2023
The meteoric expansion of Nigeria’s financial services industry and the evolving nature of modern banking in the last 10 years due to the rapid advancement of technology has led to unexpected regulatory and legal challenges.
5 Jun 2023
The premium motor spirit (PMS) subsidy removal offers Nigeria the rare strength to crawl back from the fiscal cliff, but whether the imminent doomsday is only shifted miles away or completely aborted may not only depend on how the current transition...
1 Jun 2023
The Central Bank of Nigeria (CBN) on Thursday denied a report that it devalued the Naira to N631 to the dollar. CBN tweeted a graphical image with "fake news" to debunk a report by Daily Trust suggesting that it devalued the Naira. Daily Trust reported that at the resumption of the weekly bidding for foreign…
30 May 2023
The Vice President, Senator Kashim Shettima, on Tuesday assured Nigerians that President Bola Ahmed Tinubu administrations means well for the country with better years ahead under their administration. Shettima on his first day of resumption arrived the Vice President's wing of the State House in Abuja on Tuesday at 12.39pm. The president was welcome by…
22 May 2023
Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, has said that the Dangote Group has paid back about 70 percent of the loans it took to construct its mega 650,000 bpd refinery in Lagos.
22 May 2023
Continued hike in interest rate by Central Bank of Nigeria (CBN) is having multiple effects on the mortgage market as it raises the cost of financing across all different segments of the real estate sector.
12 May 2023
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has called on risk professionals in the financial industry to broaden their scope of practices, citing the advent of emerging risks as a reference.
3 May 2023
The number of account holders placed on the bank verification number (BVN) watch list for fraud-related activities jumped 25 per cent to 7,552 in about nine months, underpinning the rising level of fraud in the financial system.
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1 hour ago
Liverpool were knocked out of the Europa League by Atalanta with the Italian side reaching the semi-finals 3-1 on aggregate on Thursday.
2 hours ago
The New Nigeria People's Party (NNPP), on Thursday, declared its readiness for reconciliation with former members who have expressed a desire to rejoin the party. NNPP also debunked the claims made by some expelled individuals who announced the suspension of Governor Abba Kabir Yusuf of Kano State for attending the NNPP national convention. The Acting…
2 hours ago
In response to disruptions sparked by recent haulage rate announcements for Eastern Ports, the Nigerian Shippers' Council (NSC) has agreed to schedule a stakeholder meeting to renegotiate the rates. This, according to NSC will serve as a platform where robust consultation and decisive action would be taken to ease the stress of port users. Emerging…
2 hours ago
Nigeria's Tunde Onakoya has completed one full day in his attempt to break the Guinness World Record for longest Chess marathon in Times Square, United States. Onakoya is attempting to break the longest chess marathon which currently stands at 56 hours,nine minute and 37 seconds. The record was achieved by Hallvard Haug Flatebø and Sjur…
3 hours ago
The Oyo State Government says it demolished the building belonging to the Yoruba Nation agitators in its capital, Ibadan, over alleged illegal and nefarious activities in the house.
3 hours ago
Cryptocurrency exchange company, Binance said it is working very closely with the Nigerian government over its detained executive. The CEO of Binance, Richard Teng, disclosed this on Thursday with the company's head of financial crime compliance still in detention in Nigeria. The Nigerian government's Economic and Financial Crimes Commission (EFCC) is prosecuting Binance for laundering…
4 hours ago
Landmark Group said the Lagos State government is yet to consult it on the Lagos-Calabar coastal road construction and beach sand filling. Landmark made this disclosure in a statement on Thursday and said the issue of the Lagos-Calabar coastal road passing through Landmark Beach remains a topic of wide-reaching discourse. The Group said it wants…
4 hours ago
The General Officer Commanding (GOC), 82 Division, Nigerian Army, Maj-Gen. Hassan Dada, has expressed concern about the high number of weapons in unauthorized hands in Nigeria.
5 hours ago
The National Chairman of All Progressives Congress (APC) Dr. Abdullahi Umar Ganduje has secured an exparte injunction restraining further action on his purported suspension as member of the party. In an exparte motion granted by Federal high Court in Kano, Wednesday, Justice A. U Liman ordered the purported suspension of Ganduje as member of the…
6 hours ago
The Economic and Financial Crimes Commission (EFCC) on Thursday declared former Kogi State governor Yahaya Bello wanted. The EFCC is prosecuting Bello over an allege money laundering of N80.2billion. The former governor was absent in court earlier today when the EFCC arraigned him. Bello’s arraignment is coming on the heels of a warrant of arrest…