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On 15 September 2023, a major news articles in Nigeria claimed that all deputy governors of the CBN mainly Folashodun Shonubi, Aishah Ahmad, Edward Lametek Adamu and Kingsley Obiora were removed from office alongside their principal, Godwin Emefiele. [3] [4] [5]
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
Folashodun Adebisi Shonubi (born 7 March 1962) is a Nigerian economist who served as the acting governor of the Central Bank of Nigeria from 9 June to 15 September 2023. [1] [2] [3] He was the deputy governor (Operations Directorate) under the former CBN governor Godwin Emefiele until his suspension. [4] He resigned from the central bank in ...
700 Club Nigeria [29] began in about 2013. New program Oyayi began to be made by CBN Asia in 2016. [16] On October 1, 2018, the CBN News Channel was relaunched. It was now made available over-the-air via 15 stations in the United States, as well as continuing online. It was based in Virginia Beach, and had bureaus in Washington DC and Jerusalem ...
Philip Chukwuemeka Ikeazor is a Nigerian banker who has served as the Deputy Governor for Financial System Stability at the Central Bank of Nigeria. [1] [2]He was appointed by President Ahmed Bola Tinubu on 15 September 2023, [3] [4] and confirmed by the Nigerian Senate on the 26th of September, 2023.
Godwin Emefiele was born in present day Lagos State, Nigeria on 4 August 1961. He is a native of Agbor, Delta State, Nigeria. He attended Ansarudin Primary School and Maryland Comprehensive Secondary both in Lagos, before proceeding to the University of Nigeria Nsukka (UNN) for his tertiary education. He obtained a Bachelor’s Degree in ...
Olayemi Michael "Yemi" Cardoso (born 10 July 1957) is a Nigerian banker who is the governor of the Central Bank of Nigeria. [2] He previously served as the Commissioner for Economic Planning and Budget of the Lagos State Government.
The Central Bank of Nigeria (CBN) considers abuse of the naira a serious offense, as it can lead to a shortage of currency in circulation, increased costs for printing and replacing damaged notes, and a loss of confidence in the currency. The CBN has implemented measures to prevent the abuse of the naira, including: