CBN

Nigeria’s naira has continued its free fall on Tuesday as it exchanged for the dollar at the parallel market at between 1,005/$ and 1,025/$. Recall that the naira had maintained a downward trend since the Central Bank of Nigeria allowed…
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Nigeria’s currency has hit a record low on the black market as it exchanged for N1,000 to the dollar on Tuesday, September 26, 2023. This is according to the Bureau De Change operators on Tuesday amid the unmet foreign-currency demand on…
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President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN). According to a press statement by presidential spokesman, Ajuri Ngelale, on Friday…
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A High Court sitting in the Federal Capital Territory has adjourned the alleged N6.9bn procurement case against the suspended Central Bank Governor, Godwin Emefiele, to August 23. The Presiding Judge, Justice Hamza Muazu on Thursday…
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A Federal High Court sitting in Lagos has granted N20 million bail to the suspended Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele. 2024 University of Toronto Lester B. Pearson Scholarship. Justice Nicholas…
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The suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele has finally appeared before the Federal High Court sitting in Lagos for his alleged gun possession trial after 44 days in the custody of the Department of State Services…
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President Bola Tinubu has suspended Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele from office with immediate effect. This was contained in a statement on Friday evening by the Director of Information in the Office of the…
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Following the revocation of licenses of 179 Microfinance Banks (MFBs) and four Primary Mortgage Banks (PMBs) by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the affected …
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The Nigeria Labour Congress, NLC, has suspended its planned strike over the scarcity of naira notes across the country. NLC had planned to begin a nationwide indefinite strike from tomorrow, (Wednesday, March 29) and picketing of CBN…
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Following Directive from the Central Bank Of Nigeria for Commercial banks to open for operation on during weekends, large crowd of customers thronged to the banking hall to get money across the counter. A visit to some of the banks in…
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