CBN Bans Over-The-Counter Withdrawal Of New Naira Notes
Central Bank of Nigeria has given an order to all banks directing them to halt over-the-counter withdrawal of new naira notes. Instead, the apex bank directed the banks to load…
CBN To Withdraw Licenses of POS Operators
The Central Bank of Nigeria is ready to withdraw the licenses of Point of Sale terminal operators due to inflating charges. CBN gave this warning on Tuesday, February 7, 2023.…
I Didn’t Tell Emefiele, Malami to Disobey Court Order on Naira Notes – Buhari
Nigeria's Federal Government has exonerated President Muhammadu Buhari from directly or indirectly disobeying the Supreme Court's order on the new naira notes. The government quoted President Buhari to have said…
BREAKING: Again, CBN Devalues Naira
The Central Bank of Nigeria (CBN) has devalued the naira to N631 against the dollar. The development is a downward devaluation of the Naira which was previous pegged at N461.6…
CBN Unfreezes Bank Accounts of Abokifx, Nairabet, Bamboo, 437 Others
The Central Bank of Nigeria (CBN) has unfrozen about four hundred and forty company and individual bank accounts nationwide. The CBN issued a directive to all commercial banks to lift…
Senate to Screen Cardoso, Deputies, Ministerial Nominees, NDDC Officials
The Nigerian Senate is set to screen Dr. Olayemi Cardoso, the former Chairman of the Board of Citi Bank Nigeria and acting Governor of the Central Bank of Nigeria (CBN),…
DSS Denies Arrest of CBN Former Deputy Gov, Aisha Ahmad
The Department of State Services (DSS), on Thursday, denied reports that it arrested Aisha Ahmad, a former Deputy Governor of the Central Bank of Nigeria (CBN) over alleged fraud. Ahmad…
CBN Directs Banks to Halt Deposit Charges
The Central Bank of Nigeria (CBN) has issued a directive to all banks, instructing them to halt charges on cash deposits until September 30, 2024. CBN's decision was communicated through…
Survey Shows 74% Expect CBN Rate Cut in July
A recent survey conducted by the Statistics Department of the Central Bank of Nigeria (CBN) has revealed that 74.2% of respondents believed the apex bank should have reduced the…
Senate Revokes CBN’s Authority to Appoint NDIC CEO
The Nigerian Senate has officially removed the Central Bank of Nigeria's (CBN) authority to appoint the Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC) through an amendment to…