CBN suspends processing fee on large cash deposits amid naira scarcity
The Central Bank of Nigeria (CBN) has temporarily eliminated processing fees on substantial cash deposits, as revealed by Dr. Adetona Adedeji, the acting Director of […]
CBN
CBN warns Nigerians on circulation of counterfeit Naira notes
In the midst of Nigeria’s currency scarcity, the Central Bank of Nigeria has issued a cautionary notice to the public, advising against the use of […]
CBN to freeze bank accounts without BVN, NIN from March 2024
The Central Bank of Nigeria (CBN) has announced its intention to freeze bank accounts lacking a Bank Verification Number (BVN) or National Identification Number (NIN), […]
N135bn intervention fund: CBN, Petroleum Ministry trade words
The Senate Committee on Gas Resources is currently investigating the allocation of a sum of N135 billion by the Central Bank of Nigeria (CBN) to […]
$1tn economy: Mergers, acquisitions loom as CBN plans banks’ recapitalization
Mergers and acquisitions are on the horizon for Nigeria’s Deposit Money Banks as they prepare for another round of recapitalization, aligning with the country’s target […]
Court remands ex-CBN Gov, Emefiele in Kuje Prison
Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja, has issued an order for the former Governor of the Central […]
Ex-CBN Gov, Emefiele arraigned, denies corruption charges
The ex-Governor of the Central Bank of Nigeria, Godwin Ifeanyi Emefiele, was formally brought to trial on corruption charges by the Federal Government last Friday […]
BREAKING: FG to dock Ex-CBN Gov, Emefiele today on alleged economic sabotage criminal charges
The Federal Government is set to initiate legal proceedings today against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), on charges […]
How CBN weakened Naira – Sanusi
Former Emir of Kano, Muhammad Sanusi, has disclosed the method by which the Central Bank of Nigeria (CBN) undermined the strength of the naira. Sanusi […]
BREAKING: CBN extends use of old N200, N500, N1000 notes indefinitely
The Central Bank of Nigeria (CBN) has declared that the old naira banknotes will retain their legal tender status. Earlier, in October 2022, the CBN […]