archiveJune 10, 2023

The operations of Binance Nigeria Limited, a subsidiary of the cryptocurrency exchange, Binance, have been declared illegal by the Securities and Exchange Commission (SEC). In a statement by SEC on Friday, the capital market regulator said Binance is not a registered company under SEC, and its operation is not regulated...

Nigeria’s downstream oil regulator has alleged ExxonMobil Corp. was involved in the illegal lifting of petroleum products from an offshore terminal, according to a letter of complaint to the petroleum ministry seen by Reuters. Exxon denied the accusation, saying in an emailed response that its “operations are carried out in...

  PRESS RELEASE EMEFIELE, NOW IN DSS CUSTODY The Department of State Services (DSS) hereby confirms that Mr Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN) is now in its custody for some investigative reasons. The public, particularly the Media, is enjoined to apply utmost caution...

  A former lawmaker who represented Kaduna Central senatorial district in the 8th National Assembly, Shehu Sani, has reacted to the suspension of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Sani however said as much as he welcomes the suspension of the embattled Emefiele by President...

Human rights lawyer and social crusader, Inibehe Effiong, has said that the President, Bola Ahmed Tinubu lacks the power to suspend the Governor of the Central Bank of Nigeria, Godwin Emefiele though the later “corrupted the CBN and made nonsense of our exchange rates and forex market. The fiscal and...

A financial expert, Mr. Okechukwu Unegbu, has commended President Bola Tinubu for his choice of Folashodun Shonubi as acting Governor of the Central Bank of Nigeria. The erstwhile CBN governor, Godwin Emefiele, whose suspension was announced on Friday, had been directed to hand over the affairs of his office to...

President Bola Tinubu on Friday evening ordered the suspension of the Central Bank Governor, Godwin Emefiele, from office with immediate effect. The president has also directed that Emefiele hand over to the Deputy Governor (Operations Directorate), Folashodun Adebisi Shonubi. In a statement signed by the director of information at the...