LAGOS AUGUST 15TH (NEWSRANGERS)-Nigerian prosecutors filed a 20-count indictment against suspended and detained central bank governor Godwin Emefiele on Tuesday, one of them accusing him of “conferring unlawful advantages”, a government lawyer said. President Bola Tinubu, who is embarking on the boldest reforms in Africa’s biggest economy in more than a decade, has launched a…
LAGOS AUGUST 12TH (NEWSRANGERS)-Nigeria’s central bank has reported a $7.5 billion loan from U.S. banks JP Morgan and Goldman Sachs in financial statements published for the first time since 2015, sending the country’s international bonds tumbling on Friday. Nigeria’s government has had to seek overdrafts from the central bank to plug a widening deficit amid…
LAGOS JULY 16TH (NEWSRANGERS)-The Department of State Services (DSS) on Tuesday re-arrested the suspended Central Bank of Nigeria (CBN) governor, Godwin Emefiele, following a fight with officials of the Nigerian Correctional Service (NCS). Emefiele was re-arrested within the premises of the Federal High Court in Lagos despite the bail granted him by Justice Nicholas Oweibo…
LAGOS JULY 13TH (NEWSRANGERS)-A federal capital territory high court has ordered the Department of State Services (DSS) to charge Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), to court if they have criminal allegations against him. Hamza Muazu, presiding judge, said the former CBN governor should be released on bail if he…
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…
