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…
Survey Shows 74% Expect CBN Rate Cut in July
A recent survey conducted by the Statistics Department of the Central Bank of Nigeria (CBN) has revealed that 74.2% of respondents believed the apex bank should have reduced the…
Senate Revokes CBN’s Authority to Appoint NDIC CEO
The Nigerian Senate has officially removed the Central Bank of Nigeria's (CBN) authority to appoint the Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC) through an amendment to…
Cbn Halts Approval For Extension Of Export Proceeds Repatriation
The Central Bank of Nigeria (CBN) has halted approval for the extension of export proceeds repatriation. Exporters must now repatriate proceeds within 180 days for oil and gas exports and…
Court Gives CBN Permission to Freeze Accounts of 19 #EndSARS Protesters
A federal high court in Abuja has granted the request of the Central Bank of Nigeria to freeze the accounts of 19 individuals and a public affairs company linked to…
Company Drags CBN To Court Over ‘eNaira’ Usage
A company known as ENAIRA PAYMENT SOLUTIONS LIMITED has sent a cease and desist notification to the Central Bank of Nigeria (CBN) with regards to the name “eNaira.” This is…