We May Relocate Sensitive Materials From CBN – INEC Chairman, Mahmood Yakubu
The Independent National Electoral Commission has said that it may relocate sensitive electoral materials from the Central Bank of Nigeria to another location. Chairman of INEC, Prof. Mahmood Yakubu, said…
CBN Has my Backing on Naira Redesign– Buhari
President Muhammadu Buhari has stated the Central Bank of Nigeria has his backing in the naira note redesign project. This follows controversy trailing the decision to introduce new naira notes.…
CBN Bans Over-The-Counter Withdrawal Of New Naira Notes
Central Bank of Nigeria has given an order to all banks directing them to halt over-the-counter withdrawal of new naira notes. Instead, the apex bank directed the banks to load…
CBN To Withdraw Licenses of POS Operators
The Central Bank of Nigeria is ready to withdraw the licenses of Point of Sale terminal operators due to inflating charges. CBN gave this warning on Tuesday, February 7, 2023.…
I Didn’t Tell Emefiele, Malami to Disobey Court Order on Naira Notes – Buhari
Nigeria's Federal Government has exonerated President Muhammadu Buhari from directly or indirectly disobeying the Supreme Court's order on the new naira notes. The government quoted President Buhari to have said…
BREAKING: Again, CBN Devalues Naira
The Central Bank of Nigeria (CBN) has devalued the naira to N631 against the dollar. The development is a downward devaluation of the Naira which was previous pegged at N461.6…
CBN Unfreezes Bank Accounts of Abokifx, Nairabet, Bamboo, 437 Others
The Central Bank of Nigeria (CBN) has unfrozen about four hundred and forty company and individual bank accounts nationwide. The CBN issued a directive to all commercial banks to lift…
Senate to Screen Cardoso, Deputies, Ministerial Nominees, NDDC Officials
The Nigerian Senate is set to screen Dr. Olayemi Cardoso, the former Chairman of the Board of Citi Bank Nigeria and acting Governor of the Central Bank of Nigeria (CBN),…
DSS Denies Arrest of CBN Former Deputy Gov, Aisha Ahmad
The Department of State Services (DSS), on Thursday, denied reports that it arrested Aisha Ahmad, a former Deputy Governor of the Central Bank of Nigeria (CBN) over alleged fraud. Ahmad…
CBN Directs Banks to Halt Deposit Charges
The Central Bank of Nigeria (CBN) has issued a directive to all banks, instructing them to halt charges on cash deposits until September 30, 2024. CBN's decision was communicated through…