CBN

A former Governor of the Central Bank of Nigeria, Godwin Emefiele has been released from the Kuje Correctional Centre after meeting up with his bail condition.. Our correspondent learnt that Emefiele was released on Friday, December 22…
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The Central Bank of Nigeria, CBN, has suspended charges on cash deposits above the regulatory limits of N500,000 for individuals and N3,000,000 for corporate account holders. The new directive is coming against the backdrop of growing…
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Nigerians have expressed their frustration after being unable to withdraw their deposits for transactions as commercial banks slashed their withdrawal limits ahead of Christmas and New Year. In an investigation carried out by LEADERSHIP,…
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The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without Bank Verification Number and National Identification Number effective April 2024. “Post No Debit” is a term used to describe a…
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The Supreme Court has ruled that both the old and the redesigned Naira banknotes remain valid legal tenders in the country beyond December 31. The apex court, in a ruling by a seven-man panel led by Justice Inyang Okoro, on Wednesday,…
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A High Court sitting in Abuja has granted the embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, bail for the sum of N300 million. Justice Hamza Muazu of the FCT High Court delivered the judgement on…
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A Federal High Court sitting in Abuja has ordered the remand of former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele in Kuje Correctional facility pending ruling on his bail application. Justice Hamza Muazu issued the…
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The Central Bank of Nigeria (CBN) has extended the validity of the old N200, N500 and N1,000 notes indefinitely. This was contained in a statement issued and signed by Isa AbdulMumin, director, corporate communications, on Tuesday.…
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The Central Bank of Nigeria has instructed all its branches nationwide to continue issuing various denominations of both old and redesigned banknotes in ample quantities to deposit money banks. The apex bank disclosed this in a statement…
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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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