CBN

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…

Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), says under his leadership, the financial regulator will ensure policies have a positive impact on the lives of Nigerians. According to a statement on Sunday, Cardoso spoke…

The Central Bank of Nigeria (CBN) has refuted claims of cash scarcity at banks, automated teller machines, Points of Sale, and Bureaux de Change in various major cities nationwide. In an official statement signed by the Director of…

The Central Bank of Nigeria (CBN) on Tuesday denied claims that it plans to redenominate the country’s currency – Naira – with effect from January 2024. This was disclosed in a statement by the CBN’s Director of Corporate…

Bills seeking to prevent the governor of the Central Bank of Nigeria (CBN) and deputy governors of the apex bank from participating in politics have passed second reading in the Senate. The senate passed the bills on Wednesday after…

The Central Bank of Nigeria (CBN) has lifted the forex ban on 43 items and also promised to intervene in the FX market from “time to time”. The apex bank had in 2015 restricted the items from accessing FX from the I&E window,…

Yemi Cardoso, substantive governor of Central Bank of Nigeria (CBN), says the leadership of the organisation will work to regain the trust and integrity of the apex bank. Cardoso made this known in a post on his X platform on…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has promised that his administration would inculcate a culture of compliance into the apex bank by adhering strictly to the CBN Act 2007. “I believe that the Central…

The Central Bank of Nigeria (CBN) has confirmed the resignation of Mr Godwin Emefiele as its governor, three months after being suspended from office by President Bola Tinubu. Emefiele was thereafter quizzed by officials of the…

President Bola Tinubu has appointed Yemi Cardoso as Governor of the Central Bank of Nigeria (CBN). This was announced in a statement issued by Presidential spokesman, Ajuri Ngelale, on Friday. The statement said the appointment is…

The Central Bank of Nigeria (CBN) issued a directive instructing commercial banks on Monday to refrain from utilizing their foreign exchange revaluation gains for dividends and operational expenditures. The new directive was conveyed…

The State Security Service (SSS) has arrested the Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Financial System Stability, Aisha Ahmad, Nigeria’s state television, NTA, reports. Ms Ahmad was reportedly arrested…