Managing Director and Chief Executive Officer of Sterling Bank Limited, Mr. Abubakar Suleiman has identified the need to fix infrastructure, promote positive narratives about Nigeria and advocacy by stakeholders as
Read MoreThe Economic and Financial Crimes Commission (EFCC) and Ghana’s Economic and Organized Crime Office (EOCO) on Thursday, June 22, 2023 signed a Memorandum of Understanding (MoU) of collaboration in tackling
Read MoreAsari Dokubo, Niger Delta ex-agitator, has accused the Nigerian military of being behind 99 percent of oil theft in the country. Dokubo made the accusation after a private meeting with
Read MoreThe 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 MoreFor Polaris Bank Limited, it’s a story of one day, one trouble as the bank, which is currently being troubled over its controversial sale, is in the news again for
Read MoreGbadebo Rhode-Vivor, governorship candidate of the Labour Party in Lagos State, has alleged that one of the party’s agents has been shot and killed in the Apapa area of the
Read MoreHe said this during an interview shown on Channels Television on Tuesday evening.] He assured that the queues at the fuel stations would disappear, adding that there would be significant
Read MoreThe Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 deadline of the old 200, 500 and 1000 naira notes to stop being legal tender.
Read MoreAs the naira scarcity persists, some banks are shutting their branches over rising customer attacks, according to findings by The PUNCH. This came a day after the Lagos State Police Command
Read MoreThe Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has arrested the Regional and Service managers of Sterling Bank Plc in the federal capital territory for hoarding
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