CBN Reacts to Naira Devaluation
Naira devaluation report false - CBN The Central Bank of Nigeria (CBN) has debunked the claim that it has devalued the naira to N631 per dollar at the importers' and…
CBN Continues to Replace Old Naira Notes with New Ones
The Central Bank of Nigeria (CBN) says it has continued to replace old N200, N500, and N1000 notes with new notes. It reaffirmed its commitment to gradually phase out the…
Yemi Cardoso Outlines Solutions to Rising Inflation
Olayemi Cardoso, the new governor of the Central Bank of Nigeria (CBN) has outlined plans to tackle the persistent issue of rising inflation in Nigeria. Cardoso stated that he aimed…
Ministers, NNPCL, CBN Accused of Transferring Billions to Private Accounts
The Nigerian Petroleum Corporation Limited (NNPCL) has been accused of transfering billions of public funds into private accounts. Ministers of the federation and the Central Bank of Nigeria were also…
CBN Speaks on Plans to Revoke Licenses of Fidelity, Wema, Polaris, Unity Banks
The Central Bank of Nigeria has spoken on alleged plans to revoke the operating licenses of Fidelity, Wema, Polaris and Unity Banks. According to the apex bank, there are no…
CBN Sacks NIRSAL Executives
The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL), as part of…
Nigeria Prepared to Combat Inflation with Comprehensive Measures, Says CBN Governor
Nigeria’s Central Bank is poised to utilize all available resources to manage rising inflation, CBN Governor Olayemi Cardoso announced on Tuesday. Speaking at the FT Africa Summit in London, Cardoso…
CBN Slams ₦1.35bn Fine on Nine Banks for ATM Cash Scarcity
The Central Bank of Nigeria (CBN) has fined nine Deposit Money Banks (DMBs) ₦150 million each. The affected banks include Fidelity Bank Plc, First Bank Plc, Keystone Bank Plc, Union…
#ENDSARS Protester Pens Heartfelt Letter to CBN Over Frozen Bank Account
A young Nigerian man, Bassey Victor whose bank account was frozen over his participation in the #ENDSARS protest has penned an open letter to the Governor of the Central Bank…
FG Will Save 40% of Forex Earnings With Dangote Refinery – Emefiele
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has explained how the country will save 40 percent of its foreign exchange (FX) earnings when the Dangote Refinery starts…