Monday, August 8, 2022

Central Bank of Nigeria

August 6, 2022

EFCC to arrest Nigerians who keep their dollars

The anti-graft agency claimed it had intelligence that some Nigerians were stockpiling foreign currency.

Abdulrasheed Bawa
August 5, 2022

Nigeria bankrupt; Buhari regime incompetent, says ex-CBN Governor Lamido Sanusi 

“If you are running a company and your sales revenue cannot pay interest, you know you’re bankrupt,” said Mr Sanusi.

Sanusi Lamido and President Muhammadu Buhari
August 2, 2022

EXCLUSIVE: CBN to sell Polaris Bank for N40 billion to Auwal Gombe, IBB’s in-law, after rescuing it with N1.2 trillion

Godwin Emefiele and other wheeler-dealers could squeeze more for Nigerians by advertising the bank rather than a secret sale that would benefit only those conducting the backroom talks.

Godwin Emefiele, Polaris Bank and Auwal Abdullahi Gombe
July 31, 2022

Emefiele sabotaging Buhari’s government with naira free fall: Youth Council

The Naira within the week depreciated to an all-time low of N730 to a U.S dollar at the parallel market.

July 22, 2022

Naira falls continue, now N658 per dollar

The naira had earlier traded for N620 against the dollar on Monday, then N630 on Wednesday, and N645 on Thursday, before doing N658 today.

Dollar and Naira
July 21, 2022

Naira falls to N645 per dollar

Under the governorship of Godwin Emefiele, the Central Bank of Nigeria has failed to mitigate the national currency’s free fall.

Dollar and Naira
July 21, 2022

CBN raises alarm over Nigeria’s increasing debt under Buhari

The financial regulator urged the federal government to take on urgent measures to cope with debt burden.

July 20, 2022

Naira slumps to N630 per dollar

Listings on the platform showed the naira which exchanged for N620 as at Monday, now trades at N630 against the dollar on Wednesday afternoon.

July 12, 2022

Nigeria’s crude oil production averaged 1.238mbpd in June: OPEC

OPEC said the figure showed an increase of 5,000 barrels per day when compared to the 1.233 million bpd produced averagely in the month of May 2022.

Crude oil barrel