CBN To Introduce e-Naira For Corps Members
The Central Bank of Nigeria (CBN) has asked for partnership with the National Youth Service Corps (NYSC) on the use of internet money for corps members. CBN stated that the…
CBN to Attend to Customers with N500,000 Above
The Kogi State branch of the Central Bank of Nigeria has ordered individuals with less than N500,000 to visit their various banks to exchange them with new naira notes. According…
CBN to Convert Dormant Accounts Into Unclaimed Balances Trust Fund
The Central Bank of Nigeria (CBN) has announced plans to mop up dormant account balances and unclaimed balances in banks into a designated account. The CBN said the unclaimed balances…
DSS Seizes Emefiele’s Passport, Plans Home, Office Search
The Department of State Services has seized the passport of suspended Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele. Recall that the CBN Governor was arrested in Lagos…
N6.9b Fraud: Emefiele Weeps as Court Makes Decision
Suspended Central Bank of Nigeria, Godwin Emefiele on Thursday wept inside a Federal High Court in Abuja. Daily Report Nigeria reports that the embattled was reduced to tears following an…
Reps Order Arrest of CBN Governor, AGF, 17 Others
The Federal House of Representatives has issued an arrest warrant for Central Bank Governor, Olayemi Cardoso; the Accountant General of the Federation, Oluwatoyin Madein, and 17 others. Daily Report Nigeria…
Cardoso to Retire Emefiele’s Directors
At least eight directors at the Central Bank of Nigeria (CBN) are going to be asked to retire early this week. Some of these directors were moved to another part…
BREAKING: CBN Raises Interest Rate to 26.75% to Combat Soaring Inflation
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 50 basis points to 26.75%, up from 26.25%, in a bid to curb the country's escalating…
Nigeria’s External Reserves Hit 22-month High
Nigeria's external reserves have reached a 22-month high of $37.31 billion, according to data from the Central Bank of Nigeria. ”The external reserves represent the country's stock of foreign currency…
Reps Order CBN to Immediately Address Cash Scarcity
The House of Representatives has ordered the Central Bank of Nigeria to provide solution to the ongoing cash scarcity in commercial banks across the country. According to the lawmakers, the…