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…
CBN Allocates N1.73tn for Food Imports in Six Months
The Central Bank of Nigeria (CBN) allocated $547.7 million (approximately N823.19 billion) for food imports in the second quarter of 2024, a significant decrease from the $689.88 million recorded in…
CBN Under Fire Over N2.7tn Interest Payments
The Central Bank of Nigeria has come under scrutiny after the Federal Government accused it of misappropriating N2.73 trillion in interest payments on Ways and Means advances. According to the…
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…
Emefiele Sacked Me As Head Of Nigeria’s Minting Company, Appointed Unqualified In-law – Emir Of Zazzau
The Emir of Zazzau, Ahmed Nuhu Bamalli, has accused Godwin Emefiele, Governor of the Central Bank of Nigeria of sacking him as the Managing Director of Nigerian Security Minting and…
We Didn’t Approve Recirculation of Old N500, N1000 Naira Notes – CBN
The Central Bank of Nigeria (CBN) has said it did not approve the recirculation of old 500 and 1000 naira notes. Several reports had on Wednesday suggested that the apex…
CBN Revokes Licenses of 132 Microfinance Banks, Others
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 microfinance banks across the country. The apex bank also revoked the licenses of 4 primary mortgage banks…