CBN

The Economic and Financial Crimes Commission has read the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies, and mandating the use of Naira in their financial businesses. The EFCC has also…
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Banks have been directed to stop charges on cash deposits until 30th September, 2024. The Central Bank of Nigeria, CBN made this known in a circular dated May 6, 2024 and signed by Adetona Adedeji, Director of Banking Supervision.…
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A Lagos State Special Offences Court has granted N50 million bail to the embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, for alleged abuse of office and fraud  to the tune of $4.5 billion and N2.8 billion.…
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Former Central Bank of Nigeria Governor, Godwin Emefiele, as at the time of this report, has arrived at the Ikeja State High Court, Lagos for his arraignment. The arraignment was as a result of alleged abuse of office and allocation of…
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The Economic and Financial Crimes Commission (EFCC) has filed a fresh 26-count charge against Godwin Emefiele, the immediate former governor of the Central Bank of Nigeria, CBN. The 26-count charge borders on abuse of office &…
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The service disruption caused by Thursday’s cuts to the undersea cable supplying broadband Internet connectivity to Nigeria and countries in the West African sub-region, on Friday, forced many banks and other financial institutions, as well…
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Over 70 million bank customers are at risk of losing access to their accounts when the Central Bank of Nigeria’s directive on restricting accounts without Bank Verification Numbers and National Identification Numbers goes into effect.…
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Federal Government has requested that the International Police (Interpol) to place three Nigerians on the watch list for alleged forgery. It was gathered that the suspects – a staff of the Central Bank of Nigeria (CBN) Odoh Ocheme, and…
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The Senate has been asked to confirm the appointment of five persons as members of the board of directors, Central Bank of Nigeria (CBN). This is contained in a request letter sent by president Bola Tinubu and read by Senate President,…
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The Governor of the Central Bank, Yemi Cardoso says the measures taken so far by the apex bank to stabilize foreign exchange rates have started yielding positive results. He noted that these measures would help to stabilise the foreign…
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