BREAKING: Tinubu Appoints Yemi Cardoso CBN Governor
President Bola Tinubu has appointed Dr. Yemi Cardoso as Governor of the Central Bank of Nigeria, CBN. Daily Report Nigeria reports that Cardoso's appointment was contained in a statement on…
BREAKING: CBN Sacks Polaris Bank, Titan Bank, Keystone Bank Boards
The Central Bank of Nigeria has sacked the entire board of Polaris bank, Titan Bank, and Keystone Bank. Daily Report Nigeria reports that the decision was reached during a meeting…
Naira Declared Best Performing Currency Globally
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has announced that the Naira has been declared the best-performing currency globally as of April 2024. Cardoso stated that…
NDIC Pays N5m Each to 82.36% of Defunct Heritage Bank Customers
The Nigeria Deposit Insurance Corporation (NDIC) has disbursed N5 million each to 82.36% of the total customers of the defunct Heritage Bank. This move comes after the Central Bank…
Reps Criticize CBN Over Confusion Surrounding Old Naira Notes
The Labour Party Caucus Leader in the House of Representatives, Afam Ogene, has condemned the Central Bank of Nigeria (CBN) for its ambiguous stance regarding the validity of both old…
CBN Confirms Exit Of 1000 Staff Voluntarily In December 2024
Olayemi Cardoso, has said that the 1000 staff members who left the institution in December 2024 did so voluntarily. He made the clarification on Friday during an investigative hearing by…
Breaking: Former CBN Deputy Governor Mailafa Obadiah is Dead
Mailafa Obadiah is Dead Mailafa Obadiah, a former deputy governor of the Central Bank of Nigeria (CBN), has died. Malaifa was also a columnist with Vanguard newspapers until his demise.…
BREAKING: Emefiele Confirmed APC Member, Heads to Court
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been confirmed to be a member of the ruling All Progressives Congress, APC. Emefiele's membership of the ruling…
Buhari Approved Naira Redesign, CBN Replies Finance Minister
The Central Bank of Nigeria (CBN) has replied the Minister of Finance, Budget and National Planning, Zainab Ahmed, who said her ministry was not carried along in the redesigning of…
CBN Increases Cash Withdrawal Limit To N500,000 Weekly
The Central Bank of Nigeria has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. The directive…