CBN Announces Additional Staff Layoffs, Sources Reveal

In a recent development at the Central Bank of Nigeria (CBN), sources report that more than 50 staff members were terminated from various departments on Monday, April 8, 2024. This latest wave of layoffs targeted employees in the Department of Development Finance, Procurement and Support Services, and the Medical Services Department. According to insider information,…

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EFCC Cracks Down on Institutions Demanding Dollar Payments

In a bid to uphold the integrity of Nigeria’s currency and safeguard the local economy, the Economic and Financial Crimes Commission (EFCC) has issued a stern warning to schools, supermarkets, hotels, and other establishments against demanding payment in dollars from their local customers. Ola Olukoyede, the Chairman of the EFCC, delivered the cautionary message in…

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Federal Government Collaborates with AU to Formulate Nigeria’s National Blue Economy Strategy

In a bid to harness the vast potential of Nigeria’s marine resources and promote sustainable economic development, the federal government has embarked on a collaborative effort with the African Union (AU) through the African Union – Inter-African Bureau for Animal Resources (AU-IBAR) to formulate a comprehensive Blue Economy Strategy for Nigeria. The Minister of Marine…

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Gov. Abiodun Appoints Kehinde Onasanya As New Head Of Service

The Ogun State Governor, Prince Dapo Abiodun, has approved the appointment of Mr. Kehinde Olufemi Onasanya as the new Head of the Service. According to a statement by the Secretary to the Ogun State Government, Mr. Tokunbo Talabi, Onasanya takes over from Mr. Kolawole Fagbohun, who has retired after a meritorious service. Until his appointment,…

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EFCC Arraigns Former CBN Governor Godwin Emefiele for Fraud

The Economic and Financial Crimes Commission (EFCC) has brought charges against Godwin Emefiele, the former Governor of the Central Bank of Nigeria, for an alleged $4.5 billion and N2.8 billion fraud. Emefiele was arraigned alongside Henry Omoile on an amended 26-count charge before Justice R.A. Oshodi of the Special Offences Court in Lagos. The charges…

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