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 by a private investigator’s report. He called the report “misleading” and an attempt to disparage his personality. He said this in a signed statement late…
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 risks. The policy shift was announced on Friday in a circular signed by CBN Director of Financial Policy and Regulation, Haruna Mustapha. The full statement…
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 Nigeria will switch to inflation targeting instead of trying to control money supply in its battle to slow price increases, Governor Olayemi Cardoso said in…
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 bank declared its desire to extend the validity of old naira notes beyond any expiry date. According to the bank, it is working with the…