Emefiele Breaks Silence, Reacts To Investigator’s Report, Says Buhari Approved Naira Redesign
LAGOS DECEMBER 25TH (NEWSRANGERS)-Godwin Emefiele, the embattled former Governor of the Central Bank of Nigeria (CBN), has denied allegations of illegal foreign deposits and unauthorised bank operations levelled against him…
CBN Lifts Two-Year Old Ban On Cryptocurrency With Strict Restrictions
LAGOS DECEMBER 22ND (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has lifted its two-year-old ban on cryptocurrency, replacing it with a comprehensive regulatory framework aimed at harnessing its potential while mitigating…
CBN Reveals Sweeping Changes On How To Tackle Inflation
LAGOS NOVEMBER 26TH (NEWSRANGERS)-Nigeria’s central bank pledged major changes to get a grip on inflation and steady the country’s battered currency, signaling tighter monetary policy ahead. The Central Bank of…
CBN Extends Validity Of Old Design Naira Note Indefinitely
LAGOS NOVEMBER 15TH (NEWSRANGERS)-The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. This is as the apex…
Naira Scarcity Bites Harder As Banks Limit Withdrawals, ATMs Run Dry
LAGOS NOVEMBER 14TH (NEWSRANGERS)-Naira scarcity is biting harder across the country as banks have limited cash withdrawals, findings by Daily Trust have shown. Residents of Lagos, Abuja, Kano, Katsina, Jigawa…
Nigeria’s Ex-Central Bank Gov Released On Bail After Five Months In Jail
LAGOS NOVEMBER 9TH (NEWSRANGERS)-Nigeria’s former central bank governor was freed on bail after spending the past five months in prison. A court in the capital, Abuja, released Godwin Emefiele on…
APC Sets Nigeria 40 Years Backward Economically, Wipes Out Gains Made In 35 Years-Sanusi
LAGOS SEPTEMBER 27TH (NEWSRANGERS)-A former governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has stated that the All Progressives Congress-led government has set Nigeria 40 years backwards…
Nigeria’s External Debt Surges By $17.38bn In Second Quarter Of 2023
LAGOS SEPTEMBER 25TH (NEWSRANGERS)-Nigeria’s external debt has surged by N13.38 tn ($17.38 billion) in the second quarter of 2023 due to a significant devaluation of the naira and changes in…
How True Is It That CBN Plans To Re-Dominate Naira To Exchange $1 For N1.25?
LAGOS SEPTEMBER 14TH (NEWSRANGERS)-A viral message suggests that the Central Bank of Nigeria (CBN), under the directive of President Bola Ahmed Tinubu, plans to re-denominate the Naira by removing two…
DSS Arrest Of CBN Deputy Gov,Obiora Linked To Emefiele Trial
LAGOS SEPTEMBER 2ND (NEWSRANGERS)-The Department of State Services (DSS) has arrested Kingsley Obiora, deputy governor of the Central Bank of Nigeria (CBN) in charge of economic policy. According to reports,…