CBN Battles To Save Naira As External Reserves Loses $610m

CBN is in battle to save naira with external reserves losing $610m.   Truetells Nigeria reports that Nigeria’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria revealed on Thursday, November 2. This online news platform understands that Nigeria external reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29.  …

Read More

Access Bank Letter Confirms CBN froze #EndSARS Accounts Before Getting Court Order

Access Bank letter that cushions civil society fears that Governor Godwin Emefiele did not follow extant regulatory procedures before ordering indiscriminate freezing of bank accounts linked to champions of Nigeria’s historic #EndSARS campaign. Court documents first published by the Gazette showed the Central Bank governor obtained a one-sided order to freeze accounts linked to #EndSARS…

Read More