LAGOS JUNE 23RD (NEWSRANGERS)-Kingsley Moghalu, the former deputy governor of the Central Bank of Nigeria, expressed his opinion during an interview with Arise News, stating that Godwin Emefiele, the suspended CBN governor went beyond acceptable boundaries by running for the presidency while holding the position of CBN governor. Moghalu mentioned that numerous allegations have been…
LAGOS JUNE 21ST (NEWSRANGERS)-The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Tuesday approached the Federal Capital Territory High Court in Abuja, challenging his detention by the Department of State Services (DSS). In his originating motion on notice, Emefiele is praying for the court to enforce his right to liberty and…
LAGOS JUNE 15TH (NEWSRANGERS)-Abdulsamad Rabiu, the chairman of BUA Group, has suffered a substantial loss to his fortune in the wake of the Naira’s devaluation. It had reported that the Central Bank of Nigeria announced that the naira exchange rate to the dollar will now be determined by market forces. The apex bank went further…
LAGOS JUNE 14TH (NEWSRANGERS)-Nigeria’s central bank allowed the naira to slump to a record low as officials look set to phase out currency controls that have distorted Africa’s biggest economy for years. The naira slid 29% to 664 per dollar at the close in Lagos, according to FMDQ, a local exchange operator. The Central Bank…