The Federal High Court in Lagos has scheduled November 1, 2024, to rule on the Economic and Financial Crimes Commission’s (EFCC) application for the final forfeiture of $2.045 million, seven properties, and shares linked to former Central Bank of Nigeria Governor, Godwin Emefiele. Additionally, the court will decide on Emefiele’s …
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The Central Bank of Nigeria (CBN) has reiterated that the cybersecurity levy on electronic transfers, previously suspended in May 2024, has not been reintroduced, despite reports indicating a new guideline for the 2024-2025 fiscal year. The bank clarified that its stance on the suspension remains unchanged, following earlier directives to …
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The Presidency has swiftly denied reports claiming that President Bola Tinubu asked the newly appointed Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, to resign due to the ongoing depreciation of the naira, which seems to be more confusing due to different responses. The statement was made by …
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The Central Bank of Nigeria (CBN) has implemented a new directive aimed at increasing the availability of foreign exchange (FX) in the market, approving the sale of dollars to bureau de change (BDC) operators at a rate of N1,580 per dollar. In a circular signed by W.J. Kanya, the acting …
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