CBN
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Business
CBN records highest remittance inflow of $553m in July
The Central Bank of Nigeria has recorded a major increase in remittance inflows, reaching $553m in July 2024. The apex…
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Business
Court seizes Emefiele’s $1.4m bribery proceeds
The Federal High Court in Lagos, has ordered the final forfeiture of the sum of $1,426,175.14 linked to the immediate-past…
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Metro
CBN lays off 200
Approximately 200 employees have been relieved of their jobs by the Central Bank of Nigeria across various departments in a…
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Business
CBN withdraws circular asking banks to collect cybersecurity levy
The Central Bank of Nigeria (CBN) has withdrawn its directive asking banks and payment service providers to collect and remit…
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News
Ex-CBN Gov. Emefiele arraigned for printing N684.5m with N18.96b
The Economic and Financial Crimes Commission (EFCC), has arraigned former Governor of the CBN, Godwin Emefiele, for approving the printing…
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Business
“Emefiele collects bribe before awarding contracts” – Ex-CBN staff testifies in court
A former Director of Information Technology of the Central Bank of Nigeria, John Ayoh, has told the Lagos High Court…
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Business
‘He printed N684.5m notes with N18.9bn’ – EFCC files fresh charges against Emefiele
Emefiele spent N18.9b to print N684.5m notes’- EFCC brings up new charges against Emefiele The Economic and Financial Crimes Commission…
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Business
Bank recapitalisation: CBN moves to check illegal funds
The Central Bank of Nigeria, CBN, plans to closely monitor the recapitalisation of the Nigerian banking sector, in conjunction with…
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Business
Only 7 banks can meet CBN recapitalisation requirement if it’s increased from N25b, report claims
Seventeen out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital…
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Business
I’m not responsible for the woes we have today – CBN governor, Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has said that he is not responsible for the…
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Business
CBN raises interest rate to 22.75 per cent
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has raised its benchmark interest rate, the Monetary Policy Rate MPR…
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Business
CBN raises import duty forex rate four times in 10 days
The Central Bank of Nigeria (CBN) has, again, readjusted the Customs exchange rate from N1444.56/$1 to N1,481.482/$1. The exchange…
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Business
Buhari’s signature was forged to withdraw $6.2b from CBN for payment of election observers – Former SGF, Boss Mustapha
Former secretary to the government of the federation (SGF), Boss Mustapha, has disclosed that neither he nor ex-President Muhammadu Buhari…
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Business
CBN orders banks to pay customers money sent from abroad in Naira
Nigerian banks have begun full implementation of the CBN’s revised guidelines on international money transfer operations in the country.…
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Business
CBN refutes report it plans to convert domiciliary deposits into Naira
The Central Bank of Nigeria has denied reports claiming it plans to convert the $30 billion domiciliary deposits in Nigerian…
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