CBN

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…

The Central Bank of Nigeria (CBN) has sacked the boards of Union Bank, Polaris Bank, Keystone Bank and Titan Trust Bank. The apex bank in a statement signed by its Acting Director of Corporate Communications, Sidi Hakama, said “this…

Former Central Bank of Nigeria (CBN) Governor Godwin Emefiele has vehemently denied accusations of illegal banking activities and embezzlement leveled against him by a private investigator employed by the CBN, Jim Obazee. In a…

A former Governor of the Central Bank of Nigeria, Godwin Emefiele has been released from the Kuje Correctional Centre after meeting up with his bail condition. Emefiele was released on Friday, December 22 2023, according to a PUNCH…

In a significant shift, the Central Bank of Nigeria (CBN) has lifted its longstanding ban on cryptocurrency trading within the country. This announcement, made on Friday, December 22nd, 2023, marks a major departure from the CBN's…

Hold onto your Naira, folks, because the former Governor of Central Bank of Nigeria, Godwin Emefiele just got served a side dish of spicy indictments that'll make your wallet sweat. Special Investigator on the CBN and Related…

Nigerians on social media expressed a mix of frustration and skepticism in response to the Central Bank of Nigeria's (CBN) call for public participation in a survey aimed at assessing the availability of Naira notes across the country.…

The Central Bank of Nigeria (CBN) has said that the Nigerian banking industry remains resilient and that key financial soundness indicators were within the regulatory thresholds as captured in the CBN’s most recent Economic Report of…