CBN

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…

The Central Bank of Nigeria criticised the latest estimate by JP Morgan of the nation's foreign reserves, claiming it was "out of context." JP Morgan predicted earlier this week that the CBN's net foreign exchange reserves will…

The Central Bank of Nigeria (CBN) has stated that the cost of issuing foreign currency totaled N96.46 billion in 2022. This is stated in the audited financial statement for the year ended December 31, 2022, which was just recently…

New operational procedures have been made available by the Central Bank of Nigeria (CBN) enabling operators of Bureau De Changes (BDCs) in the nation to sell foreign exchange. It has been 25 months since suspended CBN governor Godwin…

The decision of the Central Bank of Nigeria (CBN) under President Bola Tinubu to float the naira is illegal and being challenged in court, human rights lawyer Femi Falana has said. On June 14, at a time when the naira traded between…

Importers now have access to foreign currency thanks to the Central Bank of Nigeria's (CBN) introduction of the foreign exchange (FX) pricing verification system (PVS) portal. A price verification report from the portal will now be…

The Federal High Court sitting in Lagos has struck out the “illegal possession of firearm charge” against the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele following an application by the Ministry of Justice to…

The arraignment of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been adjourned at the Federal Capital Territory High Court, Abuja, on Thursday. Although Emefiele was present, the arraignment could…

Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), and his accomplices will be put on trial by the federal government on Thursday at the Federal Capital Territory (FCT) High Court in Abuja for N6.9 billion in…

The Federal Government has applied to withdraw the “illegal possession of firearms” case it filed against the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the Federal High Court sitting in Lagos. The Director…

Kingsley Moghalu, a former African Democratic Party (ADC) presidential candidate, and his wife Maryanne had an unexpected moment of captivity on Monday when they became locked in a lift. Maryanne posted about the tragedy along with…

The Central Bank of Nigeria (CBN) has said that further steps will be taken to stabilise the naira's value relative to the dollar. The disclosure was made to State House reporters by Acting CBN Governor Folasodun Sonubi after he had…