The Central Bank of Nigeria (CBN) Deputy Governor, Financial System Stability Directorate, Philip Ikeazor, has said given the poor contribution to growth and vulnerability to rate hikes of the oil and manufacturing sectors of the economy, consecutive aggressive tightening of interest rate will further depress the economy. He made the…
Godwin Emefiele, who was suspended as Central Bank Governor (CBN) by President Bola Tinubu in June and later detained by the Department of State Services (DSS), resigned last month. Quoting government sources, Reuters said Emefiele tendered his resignation letter to Tinubu. This effectively cleared the way for Olayemi Cardoso, who was nominated on Friday by…
The Special Adviser to the President, (Media & Publicity), Ajuri Ngelale, who disclosed this in a statement said the President also nominated four deputy governors to the apex bank.
The Department of State Services (DSS) has arrested and detained the Deputy Governor of the Central Bank of Nigeria in charge of Financial System Stability, Aishah Ahmad. According to NTA on its X (formerly Twitter) handle, Ahmad was arrested and detained over the alleged fraudulent acquisition of shares in Polaris Bank, Titan Bank/Union Bank. The report added that the CBN Deputy Governor is currently being interrogated on how the $300 million to complete the acquisition of Union Bank was raised by Titan Bank.