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 zeroes or shifting two decimal points, accompanied by a transition period during which both old and new Naira would coexist. How true is this claim?…
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, his arrest followed allegations of financial mismanagement under Godwin Emefiele, suspended CBN governor. Reports said Obiora was being targeted as a principal witness against Emefiele,…
LAGOS AUGUST 24TH (NEWSRANGERS)-Nigerians are already expressing their outrage over the plea bargain sought by Godwin Emiefele, the suspended Governor of the Central Bank of Nigeria, in the criminal suit filed against him by the federal government. Social media is already agog with reactions from Nigerians who expressed their disappointment over the move by Emiefele…
LAGOS AUGUST 15TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has concluded plans to stem the continuous slide of the naira against the dollar. Top of these plans is to flood the market with dollars, it was learnt yesterday. A CBN board member, who spoke to our correspondent under anonymity, said: “At this point, the bank…