Fresh move by CBN to float Naira sparks concerns in Nigeria’s forex market
The recent move by the Central Bank of Nigeria, CBN, to further float the Naira in the foreign exchange market has raised mixed concerns in […]
CBN
CBN to move some departments from Abuja to Lagos
The Central Bank of Nigeria (CBN) has said its plan to relocate some of its departments from its head office in Abuja to Lagos state […]
Uproar as CBN announces Abuja office decongestion affecting 1,533 staff
Growing concerns are arising among employees as the Central Bank of Nigeria (CBN) initiates the decongestion of its Abuja head office, impacting 1,533 staff members. […]
Ex-SGF Boss Mustapha denies looting $6.3m from CBN vault
Boss Mustapha, the former Secretary to the Government of the Federation (SGF), has refuted a report accusing him of participating in the unlawful withdrawal of […]
CBN suspends processing fee on large cash deposits amid naira scarcity
The Central Bank of Nigeria (CBN) has temporarily eliminated processing fees on substantial cash deposits, as revealed by Dr. Adetona Adedeji, the acting Director of […]
CBN warns Nigerians on circulation of counterfeit Naira notes
In the midst of Nigeria’s currency scarcity, the Central Bank of Nigeria has issued a cautionary notice to the public, advising against the use of […]
CBN to freeze bank accounts without BVN, NIN from March 2024
The Central Bank of Nigeria (CBN) has announced its intention to freeze bank accounts lacking a Bank Verification Number (BVN) or National Identification Number (NIN), […]
N135bn intervention fund: CBN, Petroleum Ministry trade words
The Senate Committee on Gas Resources is currently investigating the allocation of a sum of N135 billion by the Central Bank of Nigeria (CBN) to […]
$1tn economy: Mergers, acquisitions loom as CBN plans banks’ recapitalization
Mergers and acquisitions are on the horizon for Nigeria’s Deposit Money Banks as they prepare for another round of recapitalization, aligning with the country’s target […]
BREAKING: FG to dock Ex-CBN Gov, Emefiele today on alleged economic sabotage criminal charges
The Federal Government is set to initiate legal proceedings today against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), on charges […]