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CBN Raises Interest Rate To 26.25 %

Boom RadioNG | May 21, 2024

The Central Bank of Nigeria (CBN) has today raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. After the 2-day meeting of the bank’s Monetary Policy Committee (MPC), they agreed to increase the Monetary Policy Rate(MPR) for the third consecutive time to […]


EFCC probes Nigerian companies over Forex transactions

Boom RadioNG | January 4, 2024

Operatives of the Economic and Financial Crimes Commission (EFCC)  reportedly probing 52 companies over forex transactions.   According to reports today, the anti-graft agency was conducting the investigation on forex allocations to these various Nigerian companies during the tenure of the former CBN governor, Godwin Emefiele. Big companies including Dangote […]


“Former CBN Governor Godwin Emefiele Secures Release After Meeting Bail Conditions”

Boom RadioNG | December 23, 2023

Former Central Bank of Nigeria Governor, Godwin Emefiele, has regained his freedom from the Kuje Correctional Centre after fulfilling his bail requirements. Emefiele, facing charges of alleged procurement fraud, was released on Friday, December 22, 2023. The spokesperson for the Kuje Correctional Centre, Adamu Duza, confirmed Emefiele’s release, stating that […]

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