EXCLUSIVE: FCMB Managing Director’s Wife Packs Out of Husband’s House, May Seek Divorce

All is not well in the home of Adam Nuru, the controversial Managing Director of First City Monument Bank (FCMB), as his wife, identified as Hauwa, has allegedly concluded plans to divorce him. Family sources said that Hauwa has moved out of Nuru’s house and has likely informed her lawyer to prepare divorce papers so... Continue Reading →

Nigeria: Consumers Unlikely to Buy Expensive Items in Next 12 Months – CBN

These items are high-priced goods, such as a house, cars or products with selling prices and profit margins that are significantly high depending on the level of income of the buyer. Most consumers in Nigeria would unlikely buy big-ticket items in the next 12 months, a survey by the Central Bank of Nigeria has revealed.... Continue Reading →

DSS arrests Osun leader of #EndSARS protesters

One of the leaders of #EndSARS protesters identified as Emmanuel Adebayo who is also known as “Captain” was arrested by the Directorate of State Service (DSS) on Thursday morning for alleged impersonation. The Nation learnt that he was arrested for posing as an officer of the Nigerian Army after a petition addressed to the DSS... Continue Reading →

Nigerians must embrace production to grow economy —Emefiele

Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria must return to the golden era age when the country produced goods and services to grow the economy. Specifically, Emefiele said the only way for the naira to catch up with other foreign currencies as was in the past was for Nigerians... Continue Reading →

‘New policy on diaspora remittances will halt Naira slide’

The Central Bank of Nigeria (CBN) has continued to receive commendations for the reintroduction of the policy which allowed beneficiaries of diaspora remittances and foreign exchange transfers to collect their funds in designated foreign currencies. Financial experts had blamed the fast depreciating value of the Naira, partly on the previous policy, which allowed commercial banks... Continue Reading →

Nigeria: Labour Backs Emefiele On CBN’s Naira Valuation

Organized labour has commended the recent measures of the Central Bank of Nigeria (CBN) aimed at shoring up the value of the Naira. The Naira recently reversed its depreciation trend in the parallel market, recording N20 gain against the United States Dollar closing at N470 per dollar due to what observers attributed to the new... Continue Reading →

Fear of another #EndSARS protests grips Abuja, Lagos

Police are set for a showdown with youths over the second phase of the #EndSARS protests. The protests are billed to begin on Monday in Lagos, Abuja, Port Harcourt and other cities. There was anxiety as various police commands yesterday warned against such gatherings. The organisers, who raised awareness on the social media, said the... Continue Reading →

CBN charges Nigerians on lower appetite for foreign goods

The Central Bank of Nigeria (CBN), yesterday, advised Nigerians to moderate their taste for foreign goods with a view to stabilising the nation’s economy. Its Governor, Godwin Emefiele, gave the advice during an interactive session with stakeholders on the five-year policy thrust of the apex bank in Kaduna. The participants included Organised Labour and executives... Continue Reading →

CBN tells court not to unfreeze accounts of #EndSARS campaigners

The Central Bank of Nigeria, (CBN), has insisted that the frozen accounts of #EndSARS campaigners on the orders of Justice Ahmed Mohammed of the Federal High Court in Abuja, must remain as it continues to investigate allegations of terrorism financing. The apex bank had approached the court on Tuesday, December 1, with a counter-affidavit in... Continue Reading →

Court okays suit seeking CBN to account for pandemic donations

A Federal High Court in Abuja has granted leave to two groups to apply for judicial review and order of mandamus to compel the Central Bank of Nigeria (CBN) Governor to, among others, provide details of financial donations received by the country in relation to the coronavirus pandemic. Justice Inyang Ekwo, in a ruling on... Continue Reading →

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