Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN), has pleaded not guilty to an illegal possession of firearms charge. He was brought to the Federal High Court in Ikoyi, Lagos by officers of the Department of State Services (DSS) on Tuesday morning. Emefiele is being charged…

CBN Revokes Licences Of 2,991 BDCs The Central Bank of Nigeria (CBN) has revoked the licences of 2,991 Bureau de Change (BDC) operators, leaving only 2,991 to continue in operations. The move is aimed at curbing illicit financial activities and ensuring exchange rate stability. The CBN published a list of…

A civil society organisation, Human and Environmental Agenda (HEDA), has petitioned the Independent Corrupt Practices and other Related Offences Commission (ICPC) to investigate the former Attorney General of the Federation and Minister of Justice, Abubakar Malami, over alleged corruption and abuse of office. HEDA accused Malami of distributing 30 car…

President Bola Tinubu has announced that the federal government will transfer N8,000 monthly to 12 million poor and low income households for six months as a palliative to cushion the impact of the removal of petroleum subsidy. The president made this known in a letter to the House of Representatives,…

The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, who has been detained by the Department of State Security Service (DSS) since June 10, has been granted a one-week ultimatum by a High Court of the Federal Capital Territory (FCT) to be charged to court or released….