The Central Bank of Nigeria has released a total sum of $1.259bn to oil sector players for the importation of petroleum products and other related items into the country, The PUNCH reports. The amount released between the first three months of 2025 is against the backdrop of the insistence of marketers to continue fuel import…
The Central Bank of Nigeria injected a total of $4.1bn into the foreign exchange market in the first half of 2025, a move aimed at stabilising the naira and easing liquidity pressures in the currency market. This figure, which is more than three times the $1.3bn recorded during the same period in 2024, was contained in…
A rosecution witness, John Adetola, in the trial of a former governor of the Central Bank of Nigeria, Godwin Emefiele, on Monday told the Lagos Special Offences Court in Ikeja that he did not document the delivery of $400,000 in cash to the embattled ex-governor. Adetola, the seventh prosecution witness, who served as executive assistant…
Justice R.A. Oshodi of the Special Offences Court in Ikeja, Lagos, has set Wednesday, February 26, for a ruling on an application by former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, requesting the judge’s recusal from his trial over alleged bias. Emefiele is facing a 19-count charge filed by the Economic and Financial Crimes…
In the continued trial of former Central Bank of Nigeria governor, Godwin Emefiele, the Federal High Court sitting in Lagos on Thursday ordered the final forfeiture of a warehouse traced to him. The order on final forfeiture was given by Justice Deinde Dipeolu. The judge issued the final forfeiture order to the Federal Government of…
The Economic and Financial Crimes Commission (EFCC) has requested Justice Rahman Oshodi of the Lagos State Special Offences Court to strike out an application filed by former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, challenging the court’s jurisdiction. The Special Offences Court sitting in Ikeja, Lagos State set January 7, 2025, to…
The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central Bank of Nigeria’s inability to meet the cash demands of commercial banks.Speaking with The PUNCH, ASSBIFI President, Olusoji Oluwole, highlighted the dire impact of the scarcity, particularly as the festive season approaches,…
The Economic and Financial Crimes Commission (EFCC) has narrated before Justice Jude Onwuegbuzie of the High Court of the Federal Capital Territory, Abuja, how former governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele used three companies to pay N2.2 billion to buy a sprawling estate in the Apo area of Abuja, containing…
A former governor of the Central Bank of Nigeria, Godwin Emefiele, owns the large estate in Abuja with 753 duplexes forfeited to the Nigerian government through the Economic and Financial Crimes Commission (EFCC), in a court ruling on Monday. Human rights activist and convener of #RevolutionNow Movement, Omoyele Sowore, confirmed the development in a post on social…
A member of the House of representatives, representing Abakaliki/Izzi Federal Constituency of Ebonyi State, Hon Emmanuel Uguru, has accused the Central Bank of Nigeria, CBN, of sabotaging the President Bola Tinubu-led federal government through the introduction of e-payment and other harsh cashless policies in the Nigerian banking system. He described e-payment as a good initiative…
