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economy-business

Naira Surges to N1,366.79 as FX Interbank Turnover Jumps 49.58%

The Naira strengthened to N1,366.79 on Monday, reflecting a significant increase in foreign exchange interbank turnover, which surged by 49.58%. This boost comes as the Central Bank of …

Jun 4, 2026

economy-business

Central Bank of Nigeria Extends PoS Compliance Deadline — What It Means for Businesses

The Central Bank of Nigeria (CBN) has officially extended the compliance deadline for its point-of-sale (PoS) geo-fencing regulation, a move that directly affects businesses and consumers across th…

Jun 2, 2026

About #godwin emefiele

Godwin Emefiele, the former Governor of the Central Bank of Nigeria, was suspended in June 2023 and later arrested due to allegations of financial misconduct and corruption. His tenure was marked by controversial economic policies, including currency redesign and management of foreign exchange reserves.