Nigeria’s Foreign Reserve Plummet By $2.2 Billion

Nigeria's Foreign Reserve Hits $34.11 Billion, Highest In 8 Months

Nigeria’s foreign reserves have decreased by $2.2 billion, raising concerns about the central bank’s backing of the Naira and the resolution of over $2 billion in foreign exchange backlog. Henzodaily reports that this development follows remarks made by the Chief Executive Officer of Financial Derivatives, Bismark Rewane, who mentioned that the Central Bank of Nigeria … Read more

$4.5 Billion Fraud: ‘Recuse Yourself’

I Paid $600,000 Bribe To Ex-CBN Staff For Contract Under Emefiele - Witness Reveals

Former Central Bank of Nigeria (CBN) Governor Godwin Emefiele has requested that Justice Rahman Oshodi of the Lagos State Special Offences Court in Ikeja withdraw from his ongoing trial over alleged $4.5 billion and ₦2.8 billion fraud. Henzodaily reports that Emefiele’s legal team, led by Olalekan Ojo (SAN), accused the judge of bias and urged him … Read more