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…
BREAKING: Tinubu Suspends CBN Governor, Godwin Emefiele
Tinubu suspends Emefiele Godwin Emefiel, the governor of the Central Bank had been suspended by President Bola Tinubu. Daily Report Nigeria reports that Emefiele's suspension from office is with immediate…
Tinubu Appoints Special Investigator To Probe CBN
President Bola Tinubu has appointed Jim Obazee as a special investigator to probe the Central Bank of Nigeria (CBN) and Related Activities. The appointment was made following Section 15(5) of…