Economy Archives - Page 71 of 95

Dec

20

2022

Alleged terrorism: DSS can’t arrest Emefiele, court rules

Economy, News, PoliticsCBN, DSS/EFCC, Emefiele, Nigeria, Politics

The Chief Judge of the Federal High Court Abuja, Justice John Tsoho, has rejected the suit filed by the Department of State Services to arrest the governor of the Central Bank of Nigeria, Godwin Emefiele over terrorism charges. The Chief judge described the suit as an illegal operation and plot to deceive the court into granting a frivolous order to help them arrest and deprive an innocent man of his personal liberty. Delivering his ruling on suit No. FHC/ABJ/CS/2255/2022 between State Security Service (applicant) and Godwin Emefiele (respondent), Justice Tsoho said the entire affidavit depositions, especially as per paragraph 4…

Dec

20

2022

By Amos Oge Kalu

Withdrawal Limit: I am not available to brief you – Emefiele writes Reps

Business, Economy, News, OpinionBusiness, CBN, Economy, Emefiele, National Assembly, Nigeria, Representatives

The Central Bank Governor, Godwin Emefiele has once again failed to appear before the House of Representatives over the cash withdrawal limit policy of the CBN. The CBN Governor, in a letter written by the Deputy Governor, of Corporate Services, Edward Adamu, said he is currently outside the country for an official assignment. He stated that he will communicate with the House on an appropriate date. “Regrettably, the governor is unavailable to brief the House of Representatives at this time, because he has other scheduled official engagements he is currently addressing abroad. ”Accordingly, he has requested that we respectively convey…

Dec

20

2022

By Amos Oge Kalu

World Bank warns CBN on negative impact of Naira redesign on economy, poor households

Business, Economy, Lifestyle, NewsBusiness, Economy, Lifestyle, Opinion

The World Bank has warned that the time and short transition period to the redesigned naira notes will have a negative impact on economic activities and in particular the poorest households. The redesigned N200, N500, and N1000 naira notes came into circulation on Thursday, December 15th while the old ones will cease to be legal tenders from January 31st of next year. The World in its latest Nigeria Development Update, December 2022, agreed with the Central Bank of Nigeria, CBN, that the need to redesign the nation’s currency is overdue noting the naira has not been redesigned for two decades.…

Dec

20

2022

By Amos Oge Kalu

Timi Frank tells DSS to stop illegal plot to arrest Emefiele

Economy, Opinion, Politics2023, CBN, DSS/EFCC, Emefiele, Nigeria, Opinion, Politics, Timi Frank

Press Release - 20/12/22 Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, on Tuesday, urged the Department of State Services (DSS), to urgently halt their alleged grand plot to harass, humiliate, arrest and illegally force the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, out of office. Frank who was reacting to allegations to that effect made by the Coalition of United Political Parties (CUPP) in Abuja on Monday, also called on President Muhammadu Buhari to call the DSS and other conniving officials to order in a bid not to intensify the…

Dec

18

2022

By Amos Oge Kalu

CAN President says cash withdrawal limits will stop politicians from manipulating voters

Business, Economy, Metro, Opinion, Politics2023, Business, CAN, Economy, Metro, Next Level, Nigeria, Opinion, Politics

The President of the Christian Association of Nigeria, CAN, Most Reverend Daniel Okoh, has disclosed that the Central Bank of Nigeria cash withdrawal limit Policy would stop politicians from manipulating voters in the forthcoming presidential election. Also, the religious leader predicted that the price of the Dollar might go up because some politicians would turn to it for their nefarious acts. Okoh made this known at the thanksgiving service of the new President of the Organisation of African Instituted Churches, Nigeria Region, OAIC. The CAN President, represented by the immediate President of OAIC, Napo Emuchay, said the policy is targeted…