The former Emir of Kano, Sanusi Lamido, has urged the Central Bank of Nigeria to go ahead with the move to relocate selected departments from Abuja headquarters to Lagos. PUNCH reports.informationguidenigeria The former CBN Governor, in a statement on Thursday, deemed the move as “eminently sensible,” citing the larger infrastructure capacity in the Lagos office. … Read more
The Nigerian Naira experienced a significant devaluation, dropping by 17.91% to N951.22 against the US dollar in the official Investor and Exporter forex window. This decrease in value occurred alongside a 4.94% reduction in dollar supply, which fell to $135.58 million.informationguidenigeria The Naira’s decline comes despite the Central Bank of Nigeria’s efforts to stabilize the … Read more
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 bank’s Director of Corporate Communications, Isa AbdulMumin, disclosed this in a statement titled, “CBN To Allow Old Design Naira Banknotes As Legal Tender, Ad Infinitum”.JAMB Portal Abdulmumin … Read more
The Senate will screen the former chairman of the Board of Citi Bank Nigeria, Olayemi Cardoso, for the position of governor of the Central Bank of Nigeria (CBN) on Tuesday, September 26. LEGIT NEWS reports.informationguidenigeria The federal lawmakers will also screen four nominees for the positions of CBN deputy governors, who will join forces with … Read more
The naira has lost about 76.17 percent of its value since June 2014 when the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele took office. NEWSDIARY reports.Information Guide Nigeria It was observed that the naira official rate compared to the US dollar had fallen from N164 to N462.4 (or 64.53 percent) since … Read more
President Bola Tinubu announced the suspension of Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) on Friday, June 9, barely 2 weeks after he resumed office as the porter of the nation. LEGIT NEWS reports.Information Guide Nigeria However, there are some major things you should know about the suspension of the former … Read more
Best CBN Governor in Nigeria: Central to the stability and progress of any nation’s economy is the efficient management of its central bank. In Nigeria, the Central Bank Governor plays a crucial role in steering the country’s monetary policy, ensuring price stability, fostering economic growth, and maintaining a robust financial system. Throughout Nigeria’s history, several … Read more
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has sparked reactions online over a video of him looking nervous at the presidential villa. NEWSDIARY reports.Information Guide Nigeria Naija News reports that President Tinubu on Tuesday, met with Emefiele and the Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mele … Read more
The President-elect Bola Tinubu and his aides are beaming their searchlight on who succeeds the current Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.Information Guide Nigeria According to BusinessDay, Tinubu and his team are combing through the ranks for top-level appointees into the next government to be sworn in on May 29, 2023, according to … Read more
Governor, Godwin Emefiele of the Central Bank of Nigeria, on Tuesday, apologised to Nigerians for the failed online transactions.Information Guide Nigeria Godwin Emefiele admitted challenges faced by bank customers following the limit on cash withdrawals and said the CBN would sustain the current monetary regime following a rise in headline inflation which posed significant risks … Read more