President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele from office with immediate effect.
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CBN denies reports of devaluation of the Naira 
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Court declares Emefiele’s arrest invalid 
Nigeria’s apex bank clears all airlines’ foreign exchange debts 
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According to a terse statement by Willie Bassey Director, Information Office of the Secretary to the Government of the Federation on Friday night, it is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.
DAILY POST reports that Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.
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CBN denies reports of devaluation of the Naira CBN to allow $10k withdrawals daily as it lifts cash deposit restrictions on domiciliary accounts Financial system rotten under Emefiele – President Tinubu CBN sets N50k daily limit on contactless payments Court declares Emefiele’s arrest invalid Nigeria’s apex bank clears all airlines’ foreign exchange debts Report shows only seven banks can meet CBN recapitalisation requirements if it’s increased from N25b Ondo PDP Secretariat shut amid threat of anti-Akeredolu protest
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