CBN

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…

The Central Bank of Nigeria (CBN) has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in the country. In a statement released on Friday titled ‘Beware of Counterfeit Naira…

The House of Representatives Committee on Public Petition has fumed over the failure of the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, the Accountant General of the Federation, Oluwatoyin Madein and 17 others for failng to…

The Central Bank of Nigeria (CBN) has directed a “Post no Debit” restriction on all bank accounts without Bank Verification Number and National Identification Number effective April 2024. “Post No Debit” is a term used to describe a…

The Central Bank of Nigeria has directed all banks branches to issue and accept all denominations of Naira banknotes, old and re-designed. The Acting Director, Corporate Communications, Ali Hakama, disclosed conveyed the directive in…

Old and new naira notes will coexist as legal tender until further notice, according to a ruling by the Supreme Court. The timeframe for phase-out of old naira notes was extended by the Supreme Court in March 2023 to December 31,…

A federal capital territory high court has granted bail to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), in the sum of N300 million. According to the judge, the former CBN governor must produce two sureties…

Godwin Emefiele, the former governor of the Central Bank of Nigeria, has been placed under confinement in the Kuje Correctional Centre by order of the Federal Capital Territory High Court, pending the outcome of his bail application.…

The Central Bank of Nigeria (CBN) says the old N200, N500, and N1,000 notes are to remain legal tender indefinitely. While new currency notes were introduced last year with the old ones set to cease as legal tender, the apex bank on…