Court bars CBN, Accountant-General from withholding Kano LG funds
A Kano state high court has restrained the Central Bank of Nigeria, CBN, the Accountant-General of Federation, AGF, and the…
Category: CBN
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UK-based Nigerian alerts EFCC, CBN on danger of card PIN usage for online transactions
A Nigerian-British Chartered Engineer and Director of Information Security, Dr. Kingsley Chibuzor Aguoru, has petitioned the Economic and Financial Crimes…
Rivers crisis: PDP youths welcome court ruling stopping CBN from releasing state allocations
The Peoples Democratic Party, PDP Youth Frontiers has expressed satisfaction in the ruling by the Federal High Court in Abuja,…
BREAKING: Court stops CBN from releasing allocation to Rivers State
The Federal High Court in Abuja has stopped the Central Bank of Nigeria, CBN, from further releasing monthly financial allocations…
Naira: CBN signs agreement with IFC
The Central Bank of Nigeria (CBN) said it has signed an agreement with the International Finance Corporation (IFC) to boost…
IFC partners CBN to improve local currency financing in Nigeria
The International Finance Corporation, IFC, has signed an agreement with the Central Bank of Nigeria, CBN, to increase local currency…
Judge refuses to withdraw from suit against CBN, others over allocations to Rivers LGAs
Justice Joyce Abdulmalik of the Federal High Court in Abuja on Friday refused to recuse herself from hearing a suit…
Old Naira: Abia traders thank CBN for rejecting Reps directive
The House of Representatives has been cautioned to focus on more pressing matters in the country than the issue of…
BREAKING: No deadline on circulation of old N200, N500, N1000 notes – CBN
The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500 and…
CBN assures safety of all deposits in Nigerian banks
The Central Bank of Nigeria, CBN, has again assured Nigerians not to panic as it has put in place policies…
CBN: Universities won’t have deficits if Emefiele, Cardoso followed Sanusi’s footsteps – ASUU
The Academic Staff Union of Universities, ASUU, has said universities won’t have infrastructural deficits if the footsteps of former Central…
Forfeiture of $2.4m: EFCC asks court to dismiss ex-CBN Gov Emefiele’s appeal
The Economic and Financial Crimes Commission, EFCC, has urged the Federal High Court in Lagos to dismiss an appeal filed…
CBN introduces electronic foreign exchange matching to curb speculation
The Central Bank of Nigeria, CBN, has announced the introduction of the Electronic Foreign Exchange Matching System, EFEMS, for foreign…
Naira redesign: Emefiele released notes Buhari didn’t approve – Ex-CBN acting gov
A former acting Governor of the Central Bank of Nigeria, CBN, Folashodun Shonubi, has disclosed that the redesigned naira notes…
Emefiele didn’t follow procedures for currency redesign – Ex-CBN dep gov tells court
The immediate past Deputy Governor of the Central Bank of Nigeria, CBN, in charge of Operations, Folashodun Adebisi Shonubi, on…
Nigeria at 64: FG has cleared N30tn CBN Ways Means loan – Tinubu
President Bola Ahmed Tinubu said his administration has cleared N30 trillion ways and means loan from the Central Bank of…
Nigeria’s money supply increased by 65% to N107.1tn in August – CBN
Nigeria’s money supply, M2 increased by 65 percent on a year-on-year basis to N107.1 trillion in August 2024 This is…
Cardoso: CBN will inject N1.4tn to boost Nigeria’s liquidity, cautions banks
The Governor of the Central Bank of Nigeria, Olayemi Cardoso has said that the apex bank will inject N1.4 trillion…
Naira slumps massively against dollar in response to CBN’s interest rate hike
The naira crashed massively against the dollar in the foreign exchange market amid the Central Bank of Nigeria’s fifth interest…
CBN: Naira fell by 51.5% against dollar in 12 months under Cardoso
Nigeria’s currency, the Naira depreciated by 51.5 percent against the dollar at the official market in the last year under…
We’ve not reinstated Cybersecurity levy on Nigerians – CBN
The Central Bank of Nigeria (CBN) has not reinstated the cybersecurity levy that was previously suspended. The CBN had suspended…
Inflation: CBN announces date for 297th MPC meeting
The Central Bank of Nigeria has fixed September 23 and 24, 2024, for its 297th Monetary Policy Committee meeting. The…
CBN appoints new board of directors for Keystone Bank
The Central Bank of Nigeria has announced the reconstituted board of directors for a Nigerian commercial bank, Keystone Bank. This…
CBN reveals three dangers to Nigeria’s External Reserves
The Central Bank of Nigeria has revealed that lower crude oil earnings, fuel subsidy removal, lower import bills and increased…
Tinubu never asked CBN Gov, Cardoso to resign – Presidency
The presidency has said that President Bola Tinubu has not asked Yemi Cardoso to resign from his position as the…
CBN maintains FG’s Ways and Means loan at 5%
The Central Bank of Nigeria said it will maintain its Ways and Means advances to the federal government at a…
CBN will be limited without autonomy — Northern Youths
The Northern Ethnic Youth Group Assembly (NEYGA) has expressed concerns over the proposed amendments to the Central Bank of Nigeria…
Naira appreciation: Nigeria’s external reserves surge to $36.881bn – CBN
Nigeria’s external reserves have increased to $36.881 billion as of September 11, 2024, from $36.305bn on August 30. This is…
CBN directs payment service providers to route all PoS transactions through authorised PTSA
The Central Bank of Nigeria has mandated all Payment Service Providers to route all transactions from point-of-sale terminals at merchant…
Nigeria’s inflation decline in July shows monetary measures yielding results – CBN
The Central Bank of Nigeria has said the decline in headline inflation in July 2024 is an indication that its…
CBN records all-time high remittance inflows of $553m in July
The Centre Bank of Nigeria said it recorded an all-time high remittance inflows of $553 million in July 2024. The…
CBN re-introduces publication of key economic reports
The Central Bank of Nigeria, CBN, has reintroduced the publication of several key economic reports. The apex bank in a…
Dutch Auction: CBN sells $815.36m to 26 banks at N1495 per dollar
The Central Bank of Nigeria sold $815.36 million to end users through 26 banks in its inaugural Retail Dutch Auction…
Net FX flows increase by 55% to hit $25.4bn in 6 months – CBN
The Central Bank of Nigeria said net foreign exchange flows increased by 55 percent to $25.4 billion in the first…
CBN gives reason six banks were disqualified from FX auction
The Central Bank of Nigeria says six out of 32 banks that bid for foreign currency at its recently launched…
Opposition lawmakers stage walkout as Reps vote to raise ‘Ways and Means’ borrowing
Some opposition lawmakers in the House of Representatives staged a walkout from the Green Chamber on Wednesday over the increment…
SERAP drags CBN to court over failure to account for N100bn dirty notes
The Socio-Economic Rights and Accountability Project, SERAP, says it has dragged the Central Bank of Nigeria to court over allegedly…
CBN sells another US$148 million to authorised dealers
The Central Bank of Nigeria, CBN, says it has sold a cumulative amount of US$148,000,000.00, One Hundred and Forty-Eight Million…
CBN moves to stabilize naira, sells $148m to authorised dealers
The Central Bank of Nigeria, CBN, has revealed that it recently sold a cumulative amount of 148 million dollars to…
Nigerian banks commence interest rate increase after CBN’s fourth consecutive hike
Nigerian banks have commenced an interest rate upward review amid the Central Bank of Nigeria’s fourth consecutive rate hike. Recall…
Alleged economic sabotage: Senate summons petroleum minister, NNPCL, CBN, NPA, others
The Senate through its ad hoc committee mandated to investigate alleged economic sabotage in the Nigerian petroleum industry, has summoned…
Anxiety Grows over Unsettled FX Forwards, Impact on Economy
Nigerian corporates and SMEs have decried the non-settlement of Foreign Exchange (FX) forwards by the Central Bank of Nigeria (CBN).…
Naira slumps against dollar amid CBN interest rate hike
The naira nosedived against the dollar at foreign exchange markets in the wake of the Central Bank of Nigeria’s latest…
CBN’s interest rate hike: Implement fiscal measures to tackle inflation – CPPE tells FG
The Centre for the Promotion of Private Enterprise, CPPE has urged the Nigerian government to urgently implement the proposed Accelerated…
Nigeria’s external reserves increase to $36.89bn on CBN’s policy – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the country’s external reserve increased to $36.89 billion…
Dollar-Naira Exchange: CBN sells $106.5m to authorized dealers, BDCs in two days
The Central Bank of Nigeria says it sold $106.5 million in Foreign currency to authorized dealers and legible Bureau De…
CBN targets $1trn economy
The Central Bank of Nigeria has disclosed that it is targeting a $1 trillion economy by 2030 while re-stating its…
CBN sells FX at N1450 per dollar to BDCs
The Central Bank of Nigeria said it sold foreign currency worth $20,000 to each eligible Bureau de Change operator at…
Hardship: CBN announces date for MPC meeting to tackle Nigeria’s rising inflation
The Central Bank of Nigeria has issued a notice of a Monetary Policy Meeting to decide on measures to tackle…
Nigeria’s ailing economy will bounce back soon – NNPCL, CBN assure
Stakeholders in the nation’s economy declared in Abuja on Monday that the ailing economy is getting revitalised based on emerging…