CBN

Sanusi Garba, Chairman, Nigerian Electricity Regulatory Commission (NERC), has revealed that Nigerians will witness improved power supply from July 1 following renewed efforts by industry stakeholders. Garba gave the assurance at an…

According to a World Bank assessment, Nigeria's poverty reduction goals are threatened by the COVID-19 pandemic, growing inflation, and the prolonged uncertainty surrounding the Russia-Ukraine conflict. World Bank economists Jonathan…

Central Bank of Nigeria, CBN, is ramping up its public awareness campaign to prevent Nigerians from becoming victims. This is in light of the continuous operation of illegal financial institutions and Ponzi schemes in Nigeria's…

Godwin Emefiele, Governor of the Central Bank of Nigeria, has brushed off the anxiety surrounding his presidential ambition ahead of the 2023 general elections. Emefiele spoke to journalists after meeting President Muhammadu Buhari at…

Governor of the Central Bank of Nigeria, Godwin Emefiele, faces an uncertain future as the Federal Government has on Thursday, May 12, mandated the resignation of the heads of all Ministries, Departments and Agencies (MDAs),…

Central Bank of Nigeria (CBN) has advised Nigerians to be wary of fraudsters who have been posting fraudulent messages relating to the eNaira launched recently. Recall that President Muhammadu Buhari on Monday, October 25 launched…

Central Bank of Nigeria have on Thursday announced the postponement of the planned unveiling of the digital currency, eNaira. The launch was initially scheduled for October 1, but was postponed due to other activities lined up to…

Federal Government through Central Bank of Nigeria (CBN) has on Friday said it will shut down the operations of ‘Aboki FX’ over publication of exchange rate. ‘Aboki FX’ is a website that provides currency exchange information, which the…

Central Bank of Nigeria has directed banks to place a post-no-debit restriction on the bank accounts of 18 companies. According to TheCable, the directive was contained in a circular dated August 18 and signed by the Director of Banking…

Central Bank of Nigeria has warned that that abusers of the Naira at social events risk imprisonment or an imposition of fine. CBN noted in a statement issued on Tuesday that according to the bank’s 2007 amended Act, ‘spraying of,…

Fintech investment platform, Rise has on Tuesday, August 17 out a statement on the recent court injunction obtained by Central Bank of Nigeria (CBN), permitting the freezing of its accounts pending investigations that the apex bank is…

Central Bank of Nigeria (CBN) has on Thursday, July 29 directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of foreign exchange to meet legitimate forex requests of their customers. The new…

Central Bank of Nigeria (CBN) has on Tuesday, July 27 announced discontinuation of the sales of forex to Bureau De Change (BDC) operators in the country. Central Bank also confirmed that they will no longer license new BDC operations…

Charles Soludo, former governor of Central Bank of Nigeria (CBN), did not make the list of candidates cleared for November 6 Anambra governorship election. In the list published on Friday, Independent National Electoral Commission (INEC)…

Ibukun Awosika, former chairman of First Bank Nigeria Limited, has said decision to end the tenure of Adesola Adeduntan as the bank’s managing director was taken in the financial institution’s best interest. On Wednesday, First Bank…