Currency Scandal: How CBN, Govt Officials Launder Forex Through Phony Firms

LAGOS SEPTEMBER 19TH (URHOBOTODAY)-A major scandal has hit the new foreign exchange policy of the Central Bank of Nigeria (CBN) as it is now riddled with sharp practices. The policy, which was introduced in March More...

Nigeria Flirts With Economic Disaster as Currency Controls Stay

LAGOS JANUARY 27TH (URHOBOTODAY)-Central bank Governor Godwin Emefiele on Tuesday resisted calls — again — to weaken the currency despite a plunge in oil prices that’s slashed revenue in Africa’s More...

Nigerian Economy Crumbling as CBN Gov, Emefiele Doubles as Finance Minister

Emiefel LAGOS SEPTEMBER 25TH (URHOBOTODAY)-Nigeria’s central bank governor Godwin Emefiele finds himself discussing policies usually reserved for a finance or economy minister. Almost four months after President More...