Tag: CBN
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Libya’s Eastern Parliament Appoints New Central Bank Governor Following Dismissal of Sadiq al-Kabir
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Libya’s eastern parliament appointed Naji Mohamed Issa Belqasem as the new central bank governor on Monday, following the dismissal of former governor Sadiq al-Kabir last month by the Tripoli-based presidential council. Parliament spokesperson Abdullah Bliheg announced that all 108 lawmakers supported Belqasem’s appointment. Belqasem previously served as the central bank’s…
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Emefiele’s Assets Frozen in High-Stakes Court Drama
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Emefiele’s Assets Frozen: Court orders interim forfeiture of funds & properties. Raises concerns on CBN’s independence & executive power. The legal and political turmoil surrounding Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has once again thrust Nigeria’s judicial independence and executive power into the spotlight.…
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Emefiele’s Legal Battle Continues
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Emefiele’s legal battle continues as he faces multiple charges, including printing N684 million notes with N18.96 billion The legal and political turmoil surrounding Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has captivated the nation’s attention. Recent developments have brought to light numerous charges against Emefiele,…
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Levy for Another Day: Nigeria Suspends Cybersecurity Levy for Review
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Nigeria suspends cybersecurity levy: President Tinubu has halted the 0.5% levy on electronic transactions for review, following House of Representatives’ concerns. Critics worried about its impact on business costs. Stay tuned for updates. In a recent turn of events, Nigeria has decided to suspend the implementation of the controversial cybersecurity…
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Nigeria’s New Cybersecurity Levy: A Burden on an Ailing Economy?
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With the introduction of the new Cybersecurity Levy, Nigeria’s economic landscape faces yet another challenge, marked by the implementation of a 0.5% levy on electronic transactions. This levy, mandated by the 2024 Cybercrime (Prohibition, Prevention, etc.) Amendment Act, aims to bolster national cybersecurity efforts under the Office of the National…
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Urum Eke’s Integrity Stand
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Urum Eke’s recent decision to decline President Bola Tinubu’s appointment to the Central Bank of Nigeria (CBN) Board of Directors sheds light on the significance of ethical considerations in professional endeavors. Despite being nominated for the prestigious position, Eke chose to prioritize his current role as a consultant with the…
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Dr. Olayemi Michael Cardoso Assumes Acting CBN Governor Role After Emefiele’s Resignation
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Dr. Olayemi Michael Cardoso has officially assumed his role as the acting Governor of the Central Bank of Nigeria (CBN). President Bola Tinubu appointed Cardoso as the acting Governor following the resignation of Godwin Emefiele, pending confirmation by the Senate. Furthermore, the Deputy-Governors-Designate have also taken up their duties in…