Subsidy removal: FG saves N400bn in four weeks
The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the
Read MoreCategory: NATION
Southern Kaduna union accuses El-Rufai of plot to Islamise state, alleges genocide against Christians
A group in Kaduna State under the aegies of Southern Kaduna Leadership Council (SKLC) on Monday, accused former state Governor Nasir El-Rufai of plots to Islamise the state when he
Read More
Order restraining NLC, TUC from embarking on strike subsists – Court
The National Industrial Court on Monday declared that its order restraining the Nigeria Labour Congress ( NLC) and Trade Union Congress (TUC) from embarking on strike action subsists. Justice Olufunke
Read More
Tinubu shocked ‘Edo no be Lagos’ campaigners – Oshiomhole
A former Governor of Edo State, Adams Oshiomhole, has hailed President Bola Tinubu for hitting the ground running and taking bold and landmark decisions after his swearing on May 29.
Read More
You’re the criminal not Nnamdi Kanu’ – MASSOB fires back at Asari Dokubo
The Movement for the Actualization of the Sovereign State of Biafra, MASSOB, has described former militant leader, Asari Dokubo as a criminal and an economic saboteur. MASSOB was reacting to
Read More
JUST IN: Tinubu receives Asari Dokubo, others at Presidential Villa
Bola Tinubu, president of Nigeria, is currently meeting former Niger Delta agitator, Asari Dokubo, at the State House. Abuja. Dokubo arrived at the Aso Rock Villa around 11:00 am after
Read More
Ortom drags Benue govt to court over asset recovery move
Immediate past Governor of Benue State, Samuel Ortom, have dragged Governor Hyacinth Alia, and the stategovernment before a Makurdi High Court over an Asset Recovery Committee recently set up to
Read More
Alleged N450m Fraud: EFCC closes case against ex-minister of power, four others
The Economic and Financial Crimes Commission (EFCC), has closed its case against a former Minister of Power, Mohammed Wakil and four others. In the matter which was ongoing before Justice
Read More
BREAKING: Tinubu appoints Dele Alake, Wale Edun, Nuhu Ribadu, others as special advisers
President Bola Tinubu has appointed Dele Alake, Wale Edun, Nuhu Ribadu, among others, as special advisers. While Mr. Alake was appointed as Special Adviser, Special Duties, Communications and Strategy, Mr.
Read More
Arrest of Godwin Emefiele: Tinubu’s Striking Strike on the CBN Governor
The arrest of Godwin Emefiele, the governor of Central Bank of Nigeria (CBN), came as a surprise to many. After all, it was only a few moments after President Bola Tinubu had suspended him that the Department of State Services (DSS) arrested him. It was Tinubu’s striking strike against the CBN governor, leaving many wondering what the reasons for such a drastic move were.
The immediate suspension of the CBN Governor followed weeks of upheaval in the country’s banking and financial sector. The ongoing economic crisis, coupled with a surge of inflation, had put tremendous pressure on the Nigerian economy. It was in this backdrop that Tinubu, in an effort to take decisive action, took the unprecedented step of suspending Godwin Emefiele. But why would Tinubu take such a drastic step? What was the intent behind this action?
These are some of the questions that have been asked by many since the arrest of Godwin Emefiele. In this blog post, we will take a look at the events that preceded, as well as the aftermath of his arrest and try to understand what led to Tinubu taking such a drastic action against the CBN Governor. We will also discuss the potential implications of this move for the country’s banking and financial sector overall.
Read More
