Cardoso Dismisses 40 Staff Members of CBN
The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso has dismissed about 40 staff members. Daily Report Nigeria reports that the dismissal primarily affected the Development Finance Department (DFD), as…
Naira Depreciation Continues Despite CBN’s $148m Intervention
The Central Bank of Nigeria's (CBN) recent disbursement of $148 million to authorized dealers has failed to stem the tide of the naira's depreciation, with the currency trading at N1,593…
CBN Sells $543.5m Forex To Authorised Dealers In 11 Days
In a move to stabilize the foreign exchange market, the Central Bank of Nigeria (CBN) has sold a total of $543.5 million to authorized dealer banks. This significant injection of…
CBN Cracks Down on Banks, Imposes N150m Fine for Supplying New Notes to Hawkers
The Central Bank of Nigeria has imposed a penalty of N150m on banks found releasing mint naira notes to hawkers. This move is part of efforts to curb the growing…
CPPE Urges CBN to Reduce Interest Rates After Pause
CPPE has urged the Central Bank of Nigeria (CBN) to reduce interest rates going forward. This comes after the CBN retained the Monetary Policy Rate (MPR) at 27.50 percent, a…
Forex Ban: CBN Orders Banks to Publish Names, BVNs of Defaulters
Forex Ban The Central Bank of Nigeria has ordered commercial banks in the country to publish names and Bank Verification Numbers of customers who use fraudulent and illegal practices to…
Russia-Ukraine War: We’ve Devised Strategies To Mitigate Looming Food Crisis – CBN
Godwin Emefiele, the governor of Central Bank of Nigeria (CBN) has said the apex bank has come up with strategies to mitigate the impending food crisis occasioned by the Russia…
CBN Told to Remove Arabic Inscription From Redesigned Naira Notes
The Central Bank of Nigeria, CBN, has been asked to remove the existing Arabic inscription from the redesigned naira notes. Senior Special Assistant to Governor Samuel Ortom on Media and…
New Naira Notes Now in Banks – Emefiele
Central Bank governor Godwin Emefiele has announced that the newly redesigned naira notes are now in banks and ready for issuance. Emefiele made the announcement at Daura when visited President…
Why We Extended Old Naira Notes Deadline – CBN
The Central Bank of Nigeria has extended deadline for the swapping of old naira notes, Daily Report Nigeria reports. This was contained in a statement on Sunday by the apex…