A prosecution witness, on Monday, detailed how former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, who who is standing trial on fraud and corruption charges, allegedly awarded 45 contracts, cumulatively worth billions of naira, to family members, including his wife, Margaret Emefiele, and associates. Agboro Michael, an ICPC investigator, identified April 1616 Investment Limited, … Read more
The House of Representatives has resolved to launch an investigation into the National Mass Metering Programme (NMMP) of the Central Bank of Nigeria (CBN) under the administration of former President Muhammadu Buhari. The lower chamber resolved to investigate the funds disbursed to the licensed electricity distribution companies by the CBN as loans under the NMMP. … Read more
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will impact the growth of the Nigerian economy, central bank governor Olayemi Cardoso said on Monday. Expressing concerns about the impact of previous MPC meetings on the economy, he said the MPC will complement the fiscal side and ensure that it moves the … Read more
The Central Bank of Nigeria (CBN) on Monday said it injected an additional $500 million into the foreign exchange market. This comes barely a week after it announced that it had so far disbursed approximately $2 billion across pivotal sectors like manufacturing, aviation, and petroleum. A statement signed by the Acting Director of the Corporate … Read more
