BREAKING: DSS Raids CBN, Takes Over Emefiele’s Office
Operatives of the Department of State Services, on Monday raided the headquarters of the Central Bank of Nigeria in Abuja. The DSS operatives reportedly took over the office of the…
New Naira: Embrace Alternative Payment Channels – CBN tells Nigerians
The Central Bank of Nigeria, CBN, has urged Nigerians to embrace alternative payment channels like the eNaira and internet banking in the face of the cashless policy The Director, Corporate…
Naira Policy: CBN Directs Banks to Comply With Supreme Court Order on Naira Notes
The Central Bank of Nigeria, CBN, has directed commercial banks to comply with the Supreme Court order which declared old naira notes legal tender until December 31, 2023. The CBN…
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…