CBN

The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at once. The apex bank said international oil companies can repatriate 50%…

Nigerian authorities have turned to Interpol for assistance in apprehending three individuals suspected of stealing a staggering $6.2 million from the Central Bank of Nigeria (CBN). The brazen heist, allegedly involving forged…

The plot thickens! The Economic and Financial Crimes Commission (EFCC) just dropped a bombshell, declaring Margaret Emefiele, wife of the former Central Bank of Nigeria governor, as wanted for an alleged money laundering heist.…

The House of Representatives had their minds blown this Tuesday as CBN Governor Yemi Cardoso unleashed a financial truth bomb. Turns out, Nigerians have been ballin' a bit too hard... on education and healthcare abroad, that is!…

Get ready for a financial grilling! The Nigerian House of Reps is set to launch its second sectoral debate/dialogue series on Tuesday, February 6th, focusing on the critical financial sector. Buckle up, as key players like the Finance…

Central Bank of Nigeria (CBN) Governor Yemi Cardoso, in an interview on AriseTV on Monday, revealed startling findings from a forensic audit of foreign exchange obligations, uncovering discrepancies amounting to $2.4 billion. He stated…

The Central Bank of Nigeria (CBN) has moved swiftly to quell rumors circulating online about plans to convert $30 billion in domiciliary deposits to naira. In a concise statement posted across its social media channels on Saturday, the…

The Central Bank of Nigeria, apparently tired of watching banks sunbathe on a beach of Benjamins -- Dollars, for the uninitiated-- while the Naira did the drowsy galala, just dropped a truth bomb hotter than jollof rice on a Tuesday…

Despite facing significant criticism, the Central Bank of Nigeria (CBN) is pressing ahead with its controversial redeployment plan, with at least 1,500 staff members set to report to the Lagos office this Friday, February 2nd. This…

Senator Ali Ndume, representing Borno South, has ignited a political firestorm by criticizing the proposed relocation of departments from the Central Bank of Nigeria (CBN) and the Federal Airports Authority of Nigeria (FAAN) from Abuja…

A former Governor of the Central Bank of Nigeria, Godwin Emefiele, was on Friday arraigned at the Federal High Court, Maitama, Abuja on 20-count bordering on alleged corrupt practices and forgery. Dressed in an ash coloured pair of…

Amidst revenue pressures facing the 2024 national budget, the Federal Government, FG, has indicated that it would no longer allow Central Bank of Nigeria, CBN, to print money by Ways and Means to fund the budget deficit. Disclosing…

A Federal Capital Territory High Court has granted a request by former Central Bank of Nigeria Governor Godwin Emefiele to travel outside the capital city of Abuja. The decision relaxes a previous bail condition that restricted his…

The Central Bank of Nigeria (CBN) has said it is set to prosecute forex defaulters in the country. The CBN Acting Director of Communication, Mrs. Sidi Ali, disclosed in a statement in Abuja on Wednesday. Nigeria has nearly $7…

In a bid to address overcrowding at its Abuja headquarters, the Central Bank of Nigeria (CBN) has announced the relocation of some departments to Lagos. This move, shrouded in some secrecy, raises pertinent questions about the…