CBN

The Central Bank of Nigeria (CBN) says plans to gradually phase out the old N200, N500, and N1,000 naira notes are ongoing, as new notes are still being issued. Folashodun Shonubi, acting governor of the apex bank, spoke on Tuesday…

A Federal Capital Territory high court, on Thursday, gave the Department of State Security Service one week to either prosecute suspended Central Bank of Nigeria Governor Godwin Emefiele with a crime or free him. In a judgement on a…

The House of Representatives has asked the Central Bank of Nigeria (CBN) to stop the implementation of its directive that banks should add customers’ social media handles as means of identification. This was the resolution of the…

AbokiFX, an online portal that disseminates daily foreign exchange rates in the black market, has resumed operations over two years after it was put on hold following a public spat with Godwin Emefiele, the Central Bank of Nigeria's…

The Central Bank of Nigeria (CBN) has confirmed receiving 35,453 failed bank transactions and resolving 33,437 issues, even as N115.45 billion had been refunded. Mr Elachi Samuel of the Consumer Protection Department made the…

Customers will soon start paying N500 for N10,000 cash withdrawals at point of sale (POS) locations in Lagos State. This comes after the Public Relations Officer, Lagos Chapter, Stephen Adeoye, on Friday unveiled a revised price list…

Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Folashodun Shonubi, Acting Governor, Central Bank of Nigeria (CBN) to “immediately delete the patently unlawful provisions in the Central Bank of Nigeria (Customer…

Financial institutions are required by the Central Bank of Nigeria (CBN) to collect consumer information such as social media handles, email addresses, phone numbers, residential addresses, and more. This is done in an effort to…

The ongoing financing of the federal government's deficits through multiple avenues, according to Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), causes inflation. On Thursday, Moghalu spoke during an…

The leadership of the Labour Party (LP) has reacted to the suspension of the Central Bank Governor, Godwin Emefiele, by President Bola Tinubu. According to the opposition party, Tinubu’s action is vindictive and unconstitutional.…

Ohanaeze Ndi Igbo, the leading sociocultural organisation of the Igbo people, denounced the President Bola Tinubu's decision to suspend Godwin Emefiele as an act of racial cleansing on Saturday. This information was provided by the…

Godwin Emefiele, the governor of the Central Bank of Nigeria, was immediately removed from office and replaced by his deputy, Folashodun Shonubi, who would serve in that role for the time being. Emefiele was suspended by President…

President Bola Tinubu has suspended Godwin Emefiele as the Central Bank of Nigeria (CBN) governor. According to a press statement issued from the office of the Secretary to the Federal Government and signed by Willie Bassey, the…

The Central Bank of Nigeria (CBN) has received a response from a Nigerian media outlet, Daily Trust, over the cover story from Thursday, June 1, 2023. The apex bank depreciated the Naira, which had previously been sold through the…

The Nigerian Central Bank (CBN) has refuted the assertion that it has devalued the naira. Contrary to claims, the dollar traded at N465 to the dollar, according to a statement from Isah AbdulMumin, Acting Director of Corporate…