EFCC Directs Foreign Missions and Nigerian Embassies to Transact in Naira
The Economic and Financial Crimes Commission (EFCC) has issued a directive to foreign missions and Nigerian embassies, prohibiting them...
CBN
CBN releases list of licensed Deposit Money Banks in Nigeria
The Central Bank of Nigeria has announced 44 lists of licensed deposit money banks in Nigeria. The apex bank...
Banks Close 2 Million Accounts Due to BVN, NIN Compliance
Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024 to comply with regulatory...
EFCC to Arraign Emefiele on New Charge Regarding Naira Redesign on May 15
The Economic and Financial Crimes Commission (EFCC) is set to arraign the suspended Governor of the Central Bank of...
CBN to sell $10,000 to BDC operators at N1,101/$
The Central Bank of Nigeria (CBN) has announced it will commence the sale of dollars to Bureau de Change...
CBN, EFCC probe banks, firms over alleged forex racketeering
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has revealed that security agencies including the Economic and...
Reps to restrain banks from holding customers’ reversed funds
The House of Representatives, on Tuesday, mandated the Central Bank of Nigeria to restrain commercial banks from holding reversed...
Only foreign borrowing can save naira, clear CBN debts – EIU
International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the...
BREAKING: CBN warns Nigerians on circulation of counterfeit Naira notes
Amid Nigeria’s currency shortage, the Central Bank of Nigeria has warned Nigerians against counterfeit Naira banknotes. On Friday, the...
Naira gains as CBN pays banks $6.7bn forex backlog
The Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to...
Dollar debts: CBN repays banks next week, naira may rebound
The Acting Governor of the Central Bank of Nigeria, Folashodun Shonubi, has said the apex bank will repay banks...
Reduce govt borrowing from CBN, W’Bank tells Nigeria
The World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank if it wants to...
Lawyers file contempt of court charge against DG DSS over failure to release Emefiele
About 60 Constitutional and Human Rights lawyers on Monday at the High Court of the Federal Capital Territory, FCT...
CBN speaks on withdrawal of redesigned notes amid scarcity
The Central Bank of Nigeria, CBN, has reacted to claims that it planned to phase out redesigned N1000, N500...
Naira crisis: CBN authorizes use of old notes – Soludo
The Governor of Anambra State, Prof Charles Soludo confirmed on Monday that the Central Bank of Nigeria has asked...
New Naira Notes: CBN Finally Reacts to Alleged Plans to Print 5,000 Naira Notes
The Central Bank of Nigeria has issued a statement to Nigerians over alleged plans to produce N5000 notes Videos...