An Economic and Financial Crimes Commission (EFCC) witness, , Salawu Gana on Monday, told an Abuja High Court that the contract awards for vehicles purchased by the Central Bank of Nigeria (CBN) passed due process of procurement laws. Gana, who testified as the 10th witness (PW 10) admitted that quotations for supply of the vehicles…
The Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS), for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM). According to a statement by Omolara Duke, Director, Financial Markets Department , the EFEMS will be implemented not later than Dec.1. Duke said that the…
Northern groups under the aegis of Amalgamated Arewa Youth Groups (AAYG), have said that the best new year gift to Nigerians by President Muhammadu Buhari is to sack and arrest the Governor of Central Bank of Nigeria (CBN), Dr. Godwin Emefiele. The groups, which listed some of the alleged crimes that warrant the sack…
