CBN reviews documentation Requirements for PAPSS transactions

The Central Bank of Nigeria (CBN) will review the documentation requirements for transactions conducted through the Pan-African Payment & Settlement System (PAPSS) in Nigeria. This initiative is part of CBN’s ongoing commitment to foster seamless intra-African trade, financial inclusion, and operational efficiency for Nigerians engaging in cross-border payments within Africa. In a circular dated April…

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Court dismisses Emefiele’s bid to reclaim forfeited 753 Abuja Duplexes, Apartments

The Federal Capital Territory (FCT) High Court, in Abuja has dismissed an application filed by the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, seeking to reclaim a vast estate in the city comprising 753 duplexes and apartments which has already been forfeited to the governmentJustice Jude Onwuegbuzie ordered the final forfeiture…

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Presidency: Defections to APC Are Voluntary, Not Forced

The presidency has dismissed claims that recent defections of opposition figures to the ruling All Progressives Congress (APC) were forced, insisting the moves were made voluntarily and in line with democratic rights. In a statement released Sunday, Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, rejected suggestions that Nigeria is sliding…

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