In a significant development, a Lagos court has granted bail to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, setting the bail amount at N50 million. This decision follows a plea by Emefiele’s legal team and comes amidst ongoing legal proceedings. According to reports from credible Nigerian…

The Economic and Financial Crimes Commission (EFCC) has initiated a probe into 50 accounts associated with the Nigerian Ministry of Humanitarian Affairs, Disaster Management, and Social Development. Verified sources within the EFCC confirm this investigation, citing concerns over potential financial irregularities. These accounts, allegedly linked to the ministry’s operations, are…

Several customers of Guaranty Trust Bank (GTBank) were left stranded today as the bank encountered technical challenges across its digital platforms, leading to disruptions in services nationwide. According to reports, customers attempting to carry out transactions via GTBank’s online banking portal, mobile app, and ATMs were met with difficulties on…

In response to Nigeria’s deepening economic woes, former Lagos State Governor and APC stalwart, Bola Tinubu, has unveiled a 50-member Emergency Economic Recovery Team. The team, comprised of seasoned professionals from various sectors, has been tasked with rejuvenating the nation’s economy within a tight six-month timeframe. Heading the team is…

Amidst a flurry of economic activity, the Nigerian Naira has witnessed a remarkable appreciation against the US dollar, soaring to N1,350/$ in the parallel market. Verified sources from multiple financial outlets confirm this unexpected surge, highlighting a significant departure from previous exchange rates. Factors contributing to this surge include bolstered…