CBN Approves Recirculation Of Old Naira Notes
The Central Bank Of Nigeria has approved for commercial banks to recirculate old naira notes to customers at via automated teller machines (ATMs) terminals and over the counter. The development…
CBN Orders Banks To Close Accounts Without BVN
The Central Bank of Nigeria (CBN) has given an order to commercial banks asking them to close accounts without the Bank Verification Number (BVN). Banks and other financial institutions were…
Items Banned by CBN From Accessing Forex
The Central Bank of Nigeria (CBN) plays a vital role in regulating the country's financial system and ensuring stability in the Nigerian economy. To safeguard foreign exchange reserves and encourage…
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…
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.…