Labour strike stalls Emefiele’s trial on criminal charges
The High Court of the Federal Capital Territory (FCT) on Wednesday aborted the trial of former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on criminal…
JUST IN: CBN Says Old Naira Notes Remain Legal Tender Indefinitely
The Central Bank of Nigeria has announced that it had extended the validity of the old N200, N500 and N1,000 notes indefinitely. NAIJA NEWS reports that the apex…
Nigerian Firms Report Significant Currency Revaluation Loss Due to Naira’s Depreciation
Eight major firms in Nigeria have reported a combined currency revaluation loss of N918.1 billion. This substantial loss is attributed to the sharp depreciation of the Nigerian naira…
Naira rebounds as CBN clears forex debt backlog
The Nigerian currency, the naira, made significant gains, closing at N1,120 against the dollar following the announcement that the Central Bank of Nigeria (CBN) started addressing its outstanding…
Naira gains as CBN pays banks $6.7bn forex backlog
The Central Bank of Nigeria (CBN), under the Federal Government’s directive, has started settling its pending matured FX forwards, with an estimated total of $6.7 billion owed to…
BREAKING: Court orders unconditional release of ex-CBN gov Emefiele
The Federal Capital Territory High Court has directed the immediate and unconditional release of Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN). Justice O.A….
“It Is Important”: Moghalu Reveals Steps To Save Naira as One Dollar Sells Above N1,300
The former Deputy Governor of the Central Bank of Nigeria (CBN),Kingsley Moghalu has identified how naira can recover.NYSC Portal According to LEGIT.NG, Moghalu revealed that the only way…
Old notes will continuously phase out for new naira notes – CBN
The Central Bank of Nigeria (CBN) has stated that plans to gradually phase out the old 200, 500, and 1,000 naira notes are underway, while new notes will…
Emefiele: Court fixes Date for trial
The suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been confirmed for arraignment before the federal high court in Lagos on Tuesday, July 25….
Arewa Youth Knocks DSS Over Refusal To Arraign Emefiele
A Socio-cultural group, Arewa Youths Consultative Forum, has raised alarm over the refusal of the Department of State Services (DSS) to arraign suspended Governor of Central Bank of…