Tinubu nominates Yemi Cardoso as new CBN Governor, 4 others as his deputies too

In a statement by the presidential spokesman Ajuri Ngelale, President Bola Tinubu has nominated Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN). This five-year appointment is subject to the endorsement of the Nigerian Senate, in compliance with Section 8 (1) of the Central Bank of Nigeria Act, 2007. The act, which […]

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Tinubu suspends CBN governor, Godwin Emefiele

President Bola Tinubu has ordered the suspension of the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, from office with immediate effect. Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey disclosed this in a statement on Friday night. The statement reads: “President Bola Ahmed Tinubu has suspended […]

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Nigeria’s Naira in free fall again, Senate summons CBN governor

The Senate on Wednesday July 27, resolved to summon Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over skyrocketing inflation and naira devaluation. This is coming as naira has crashed further in the parallel market, trading for N700 against the U.S. dollar.  The national currency which traded for N670 against the dollar on Monday, […]

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