Findings On Past Lapses In Central Bank Will Soon Be Released By Special Investigator, Says Tinubu
Nigeria’s number one man, President Bola Tinubu has said that findings on past lapses in the Central Bank of Nigeria will soon be out. […]
CBN
Senate Screens Yemi Cardoso As CBN Governor
Olayemi Cardoso The Nigerian Senate is currently screening Olayemi Cardoso, the acting Governor of the Central Bank of Nigeria (CBN), and four others nominated by […]
CBN Debunks Introducing Policy To Make $1 To ₦1.25
Nigeria’s Central Bank has said it has no plan to introduce a new policy that will make $1 equal to N1.25. This followed […]
Update On Deputy CBN Governor, Aishah Ahmad’s Arrest Emerge
Aishah Ahmad, the Deputy Governor of the Central Bank of Nigeria (CBN) for financial system stability, has been interrogated by the special investigator. According to […]
CBN Deputy Governor Arrested By DSS
According to reports, the Apex Bank deputy governor was arrested by security operatives over the fraudulent acquisition of shares in Polaris Bank, Titan Bank/Union Bank. […]
CBN Wrong To Allow Market Forces Determine Exchange Rate
Femi Falana (SAN), the popular Nigerian human rights lawyer, has slammed the Central Bank of Nigeria (CBN). He maintained his position that it is wrong […]
Acting CBN Governor, Shonubi, Deputy, CCB Dragged To Court Over Alleged Refusal To Declare Assets
The Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, and the Deputy Governor, Edward Adamu, have been dragged before a Federal High […]
Falana Drags CBN To Court Over Floating of Naira
Human rights lawyer Femi Falana has sued the Central Bank of Nigeria (CBN) over its decision to float the Naira. Falana confirmed this […]
President Tinubu Appoints Special Investigator To Probe CBN
President Tinubu named the Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN), Jim Osayande Obazee, as the special investigator of the CBN bank. A […]
This is a Complete Disgrace – George Emefiele to DSS
George Emefiele, brother of suspended CBN governor, Godwin Emefiele has slammed the DSS. This followed the show of shame after the agency and […]
CBN Pegs Maximum Tenure For Bank MD At 12 Years
The new code of corporate governance for the financial sector, which pegged the tenure of the Managing Director/CEO of a bank to a maximum […]
CBN’s Directive On Customers’ Social Media Handles Illegal – NDPC
The Nigeria Data Protection Commission (NDPC) has slammed the Central Bank of Nigeria (CBN). The NDPC said the CBN’s directives to commercial banks to […]
CBN Mandates Deposit Banks To Obtain Customers’ Social Media Handles For Identification
The Central Bank of Nigeria (CBN) has issued a new directive to financial institutions. The CBN mandated financial institutions to obtain the social media […]
How CBN Contributed To Nigeria’s Inflation
A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has talked about the inflation in Nigeria. He says the continuous financing […]
Tinubu’s Reforms May Double GDP Growth Next Year, Says CBN Deputy Governor
Kingsley Obiora, a deputy governor of the Central Bank of Nigeria (CBN), said yesterday that the policies being implemented by President Bola Ahmed Tinubu may […]
CBN To Allow $10k Withdrawals Daily As It Lifts Cash Deposit Restrictions On Domiciliary Accounts
According to the CBN, the policy will promote transparency, liquidity, and price discovery in the FX market in order to improve FX supply, discourage speculation, […]
CBN Grants Banks Freedom To Trade Forex At Any Rate
The Central Bank of Nigeria has made a new announcement about forex trade, Daily Post reports. The apex bank announced that it has allowed commercial […]
Emefiele’s Sack Is Commendable, He Ran CBN Like Cabal’s ATM And Canteen — Shehu Sani
Former lawmaker, Shehu Sani, has applauded the suspension of Godwin Emefiele as the governor of the Central Bank of Nigeria. He urged the President […]
Good Riddance To Worst CBN Governor – Tinubu’s Spokesperson, Onanuga Slams Emefiele
Nigerian journalist and spokesperson for the Tinubu/Shettima presidential campaign council, Bayo Onanuga has ridiculed the embattled Godwin Emefiele following his suspension as Central Bank of […]
Tinubu Is Not Here To Play – Deji Adeyanju
Adeyanju, in a tweet via his Twitter handle, said that Tinubu is not here to play, adding that he likes Emefiele’s suspension. Deji Adeyanju Popular […]
President Tinubu Appoints Folashodun Shonubi Acting CBN Governor
Mr Folashodun Adebisi Shonubi has been appointed as the acting Governor of Central Bank of Nigeria. Shonubi’s appointment followed the suspension of Godwin Emefiele as […]
We Didn’t Devalue Naira – CBN Debunks Viral Report
Nigeria’s apex bank, the Central Bank of Nigeria, CBN, has debunked the viral reports that it has devalued the Naira. Reports had earlier emerged […]
CBN Devalues Naira To N631/$1
The naira has been devalued from N461.6 to the dollar to N631 to the dollar by the Central Bank of Nigeria. The devaluation came 48 […]
NDIC To Liquidate 179 Microfinance Banks Revoked by CBN
179 microfinance banks whose licenses were revoked by the Central Bank of Nigeria, CBN, will be liquidated by the Nigeria Deposit Insurance Corporation, NDIC. Recall […]
CBN Revokes Licenses Of 132 Microfinance Banks
The CBN said the Microfinance Banks, Finance Companies and Primary Mortgage Banks ceased to carry on, in Nigeria, the type of business for which their […]
BVN Has No Expiry Date — CBN To Nigerians
Nigerians have been told that the Bank Verification Number, BVN, has no expiry date contrary to claims making the round. The clarification was made by […]
CBN Debunks Reports It Plans To Phase Out Redesigned Naira Notes
The Central Bank of Nigeria has dismissed reports that it plans to withdraw circulation of the recently redesigned Naira notes. In a released notice, signed […]
CBN Orders Banks To Open On Saturday And Sunday For Massive Disbursement of Naira Notes
All Deposit Money Banks have been ordered to open on Saturday and Sunday for massive disbursement of naira notes by the Central Bank of Nigeria […]
CBN Directs Banks To Dispense And Receive Old N200, N500 And N1000 Notes
Following the Naira scarcity in the country and the Supreme court order, declaring the old N500 and N1000 as legal tender till Dec 31, 2023, […]
BREAKING: CBN Authorizes Use Of Old Naira Notes
Anambra State Governor, Charles Soludo confirmed on Monday that the Central Bank of Nigeria has directed commercial banks to dispense and accept old naira notes […]
CBN Silence On Supreme Court Judgement Worrisome – Abia NUJ
The Abia State Council of Nigeria Union of Journalists, NUJ, has slammed the Central Bank of Nigeria, CBN. The NUJ expressed dismay over the failure […]
Old 500 and 1000 Naira notes are now legal tender – CBN
The acting Director of Corporate Communications, Dr. Isa Abdulmumin of CBN disclosed that both old and new Naira notes are now legal tender. It will be recalled that last week, the Supreme […]
We’ll arrest and prosecute POS operators, others over exorbitant charges – CBN vows
The CBN has vowed to prosecute POS operators who have been taking advantage cash scarcity to exploit the public by charging outrageously. The CBN Governor Godwin Emefiele said this […]
Bank accosted for hoarding N6M new notes in Ado Ekiti (Video)
The Central Bank of Nigeria, CBN enforcement team accosts a bank branch in Ado Ekiti hoarding the new naira notes to the tune of N6M. A video shared by […]
BREAKING: CBN Extends Deadline For Naira Swap
The Central Bank of Nigeria, CBN, has announced a new deadline for the exchange of old naira notes. Governor of the apex bank, Godwin Emefiele, […]
Old Naira Notes: No Extension, January 31 Deadline Stands — CBN
The Central Bank of Nigeria (CBN) has maintained that deadline for exchange of the old Naira notes for new ones remains January 31, 2023. The […]
New Notes Stain White Surfaces – NSPM Warns
Nigerians have been informed that the new naira notes stain white surfaces. The warning was given by the Nigerian Security Printing and Minting Plc while highlighting […]
Naira In Steep Depreciation Despite CBN Policies
The naira has been on a downward journey, ne reports have shown. The naira suffered steep depreciation in 2022 with the national currency losing between […]
CBN Spent N800 Billion On Currency Production, Destruction
A Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad has revealed how much the apex bank spends to maintain the naira. According to […]
CBN: Emefiele Is Relying On Voodoo Economics, Sack Him – Group Tells Buhari
Nigeria’s number one man, President Muhammadu Buhari has been asked to immediately sack Godwin Emefiele, the Governor of the Central Bank of Nigeria, CBN. The President […]
CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500K
The apex bank announced in a circular issued Wednesday, Dec. 21, that individuals can now withdraw N500,000 cash weekly and corporate entities can now withdraw […]
CBN Releases Security Features Of New Naira Notes As Fake Circulates
Some of the security features the CBN hopes will aid in the easy identification of fake notes include touch, visibility, the security thread and the watermark. […]
CBN Reduces Withdrawals To N100k Per Week, N20k Per Day, Among Other Policies
The Central Bank of Nigeria (CBN) has mandated deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate […]