CBN

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…

The Bank Verification Number (BVN) issued in Nigeria has no expiration date, as the Central Bank of Nigeria (CBN) has stated once more. This explanation was provided by the bank in response to information that the Bank Verification…

Some Nigerians are reportedly protesting outside the Central Bank of Nigeria's headquarters over the new naira notes policy, calling for the resignation and detention of the governor, Godwin Emefiele. The demonstrators, who were seen…

The Central Bank of Nigeria (CBN) has dismissed reports that it is considering the withdrawal of the redesigned N200, N500 and N1,000 Naira notes from circulation. Read Also: Ohanaeze Vows To Secure Nnamdi Kanu’s Release In a…

Central Bank of Nigeria, CBN has reacted to Trust Fund Accounts that have been dormant for up to 10 years. This brought about a proposal by CBN that bank transfer funds to dormant accounts will ultimately be invested in Treasury…

Organised labour has warned that its ultimatum to the Central Bank of Nigeria, CBN to provide sufficient cash within two weeks or risk the picketing of its offices still stands. The Vice-President of the Nigeria Labour Congress,…

Minister of Labour and Employment Chris Ngige has assured the threat of protest by the Nigeria Labour Congress (NLC) against the Central Bank of Nigeria (CBN) over naira scarcity has been arrested. The NLC gave the Federal Government…

Chris Ngige, the minister of labor and employment, and Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), met with the NLC leadership on Monday in an effort to prevent a national strike by the NLC. The NLC leadership…

The Central Bank of Nigeria (CBN) has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, told the…

The Nigeria Labour Congress (NLC) has announced a nationwide strike action amongst public workers due to the ongoing Naira crunch. President of the NLC, Joe Ajaero, on Wednesday, directed public sector workers in the country to…

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Read Also: Gov Sanwo-Olu Issues Directive To Lagosians Concerning Old Naira Notes  Isa Abdulmumin, CBN…

Central Bank of Nigeria (CBN) has finally directed commercial banks to dispense old currency notes and to also receive same as deposits from customers, according to Governor Chukwuma Charles Soludo of Anambra State, who is a former CBN…