President Bola Ahmed Tinubu has explained that renaming the renovated National Theatre after Nobel Laureate Professor Wole Soyinka is a fitting way to honour the legacy of a man of many parts, whose works have permanently put Nigeria on the global stage in terms of the creative industry and...
CBN Governor
Embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Tuesday asked an Abuja High Court to strike out the federal government’s case against him, citing the prosecution’s repeated absence from court proceedings. Emefiele is facing trial before Justice Hamza Muazu on an amended 20-count charge in case...
Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 27.5%. CBN Governor Yemi Cardoso, announced this on Tuesday during a press briefing in Abuja following the 301st Monetary Policy Committee (MPC) meeting. Cardoso revealed that the decision to keep the lending rate unchanged was unanimous...
A Federal High Court in Abuja has adjourned the contempt proceeding against Central Bank of Nigeria (CBN) Governor Olayemi Cardoso until June 30, due to the absence of key lawyers. The suit was filed by Melrose General Services Limited, which claims the CBN and its officials have not fully...
By EZEKIEL OBI, Abuja – The Joint House of Representatives Committee on Public Accounts and Public Assets has summoned Central Bank of Nigeria (CBN) Governor, Yemi Cardoso and Finance Minister Olawale Edun to appear before it on Monday, June 16, 2025. The summons is over allegations of non-compliance with...
The Economic and Financial Crimes Commission (EFCC) has sued a former Central Bank Governor, Godwin Emefiele, for allegedly stealing and unlawfully acquiring 753 housing units located at Plot 109, Cadastral Zone C09, Lokongoma District, Abuja. In the eight new counts filed at the High Court of the Federal Capital...
The Minister of Housing and Urban Development, Ahmed Dangiwa, has inaugurated a 12-member Ministerial Committee to oversee the 753-unit housing estate recovered from former Central Bank Governor (CBN), Godwin Emefiele. The estate was recently handed over to the Ministry by the Economic and Financial Crimes Commission (EFCC) following a...
A Political Economist and Development Specialist, Prof. Salisu Usman, has called for the conversion of the recovered housing estate of former CBN Governor Godwin Emefiele to Liaison Offices for the 774 Local Government Areas. Usman, in a statement on Sunday in Lokoja, said this would ensure each council has...
A presidential candidate in 2019 elections, Mr Ademola Babatunde, has advised the Federal Government to allocate the 753 duplexes recovered by EFCC from a former Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to armed forces personnel. Babatunde in a statement issued in Abuja on Thursday, urged...
Mr Tunde Omosebi has filed a 990 trillion pounds suit against the Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso, and co-defendants over allegations bordering on breach of his fundamental human rights. Omosebi, who referred to himself as “His Majesty,” a businessman and a politician in the suit...
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has called on Nigerians to take ownership of the revitalised National Arts Theatre as a vital repository of the nation’s history and culture. Cardoso made the call during an inspection of the Lagos landmark alongside members of the Bankers’ Committee on...
The Tinubu Media Support Group (TMSG) has described the Nigeria Foreign Exchange code (FX code) as the beginning of a new era of regulation in the country’s foreign exchange market. In a statement on Sunday by Mr Emeka Nwankpa, its Chairman, TMSG maintained that the new regulations would prevent...
The Central Bank of Nigeria has said that without its policy interventions, inflation could have risen to 42.81 per cent in December 2024. The CBN Governor, Yemi Cardoso, made this known at the 2025 Monetary Policy Forum of the apex bank on Thursday in Abuja. The forum attracted ministers,...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Tuesday unveiled a new Foreign Exchange (FX) Code to the market. At the event in Abuja, Cardoso stated that it would establish clear and enforceable standards for ethical conduct, transparency, and good governance in the foreign exchange...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said the Federal Government has taken practical steps to revamp the Nigerian economy over the past one year. Cardoso said this on Friday in Abuja, at Bankers’ Committee Retreat, with the theme: “Contract and Commitment to National...
By CHRISTIANA LOT, Jos – Months after facing backlash over abrupt staff terminations, the Central Bank of Nigeria (CBN), under the leadership of its Governor, Yemi Cardoso, is charting a new course to restore credibility. Through its voluntary Early Exit Programme (EEP), the bank has unveiled a ₦50 billion...
The Governor, Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said that the government was increasing financial inclusion for women as a top priority. Cardoso said this during a question-and-answer session at the 30th Nigeria Economic Summit (NES30) in Abuja on Wednesday. He said that the CBN was...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said the decision by the Monetary Policy Committee (MPC) of the apex bank to further tighten the Monetary Policy Rate (MPR) was unanimous. Cardoso, who is also the Chairman of the MPC, said this on Tuesday in...