CBN

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…

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…