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…
BREAKING: CBN Speaks on Godwin Emefiele’s Sack
The Central Bank of Nigeria has reacted to reports of its governor, Governor Emiefele being sacked. Reports were rife that the presidential aspirant was relieved of his duties as governor…
CBN’s Naira Redesign Plan Purely Political – Obaseki
Governor Godwin Obaseki of Edo state has said that the proposed plan by the Central Bank of Nigeria to redesign naira notes is a political move. Obaseki said this on…
Emefiele Returns From Leave as DSS Denies Invading CBN
Governor of the Central Bank of Nigeria, Godwin Emefiele has returned from his annual leave. A statement by the CBN spokesperson, Mr. Osita Nwanisobi suggests that Emefiele has resumed office…
BREAKING: CBN Insists on February 10 Deadline
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that there was no need to shift the February 10, 2023 deadline. He said this during a visit…
BREAKING: CBN Raises Interest Rate to 18%
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 50 basis points to 18 percent. CBN Governor, Godwin Emefiele made the disclosure…