Merger looms as CBN raises capital requirements for banks in Nigeria
Bank mergers are on the horizon as the Central Bank of Nigeria (CBN) has increased the minimum capital thresholds for banks. The CBN announced this […]
CBN
FX crisis: Don’t sell above N1,269 per dollar – CBN orders BDCs
The Central Bank of Nigeria (CBN) has allocated $10,000 to Bureau De Change (BDC) operators at an exchange rate of N1,251 per United States dollar, […]
CBN Governor Cardoso reportedly sacks CBN directors employed by Emefiele
Reportedly, Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), is contemplating the dismissal or retirement of eight directors who were employed during […]
Again, CBN Hikes Import Duty Rate To N1,493.23/$1
Less than a day after reducing the rate, the Central Bank of Nigeria (CBN) increased the exchange rate used for calculating Customs duties at the […]
BREAKING: Buhari’s signature forged to withdraw $6.2b from CBN, says ex-SGF Mustapha
Former Secretary to the Government of the Federation (SGF), Boss Mustapha has said the signature of ex-President Muhammadu Buhari was forged by those who withdrew […]
Senate drills CBN Governor Cardoso, other officials
The Senate Committee on Banking, Insurance, and Financial Institutions is conducting a session with Olayemi Cardoso, the Governor of the Central Bank of Nigeria, as […]
CBN sells record N1tn in Wednesday’s Treasury bills auction
This includes an allocation of N600 billion for the 364-day bills and N200 billion each for the 182-day and 91-day bills. The allocation of N600 […]
Fresh move by CBN to float Naira sparks concerns in Nigeria’s forex market
The recent move by the Central Bank of Nigeria, CBN, to further float the Naira in the foreign exchange market has raised mixed concerns in […]
Uproar as CBN announces Abuja office decongestion affecting 1,533 staff
Growing concerns are arising among employees as the Central Bank of Nigeria (CBN) initiates the decongestion of its Abuja head office, impacting 1,533 staff members. […]
Ex-SGF Boss Mustapha denies looting $6.3m from CBN vault
Boss Mustapha, the former Secretary to the Government of the Federation (SGF), has refuted a report accusing him of participating in the unlawful withdrawal of […]