Central Bank of Nigeria
22 Dec
Youths from the South Eastern part of the country, under the auspices of the Ohanaeze Youths Movement (OYM), on Friday came down hard on the Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee, for his report which was leaked to some media houses in Abuja on Thursday. In the report,…
Emefiele: Middle Belt Youths Forum labels special investigator’s report 'a mountain of cooked story'
22 Dec
Members of the Middle Belt Youths Forum (MBYF) have taken a swipe at the Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee, for submitting what they described as empty and cooked up to President Bola Tinubu. The middle belt youths made their position known in a statement made available to…
14 Dec
The Central Bank of Nigeria (CBN) said despite progress made in the financial inclusion drive, some demographics and areas such as women, youth, micro, small and medium enterprises (MSMEs) as well as rural communities in Northern regions remain disproportionately excluded.
13 Dec
The Central Bank of Nigeria (CBN), Abuja branch last weekend won the 42nd edition of the CBN Governor's Cup. CBN Abuja is the defending champion of the competition. The branch defeated its Lagos counterpart with 3-1 to lift the trophy for the 7th time at the Ilorin township stadium. The match was 1-1 in the…
8 Dec
Barely a month after the Federal Government through the Central Bank of Nigeria (CBN) raised the exchange rate for importation to N783/$, Nigerians are in for more hardship this yuletide as the rate was again raised to N952/$ yesterday...
25 Nov
Commercial banks in the country may be required to increase their capitalisation in coming months.
20 Nov
Stakeholders in real estate sector value chain have reinforced the need for the Federal Government and Central Bank of Nigeria (CBN) to re-capitalise Primary Mortgage Banks (PMBIs) with a view to positioning them to finance transactions, provide long-term funding to developers and end-users. They stressed the need for the government to provide easy access to…
10 Nov
Five months after the Central Bank of Nigeria (CBN) floated the Naira, the Federal Government yesterday adjusted the Nigerian Customs Service (NCS) Exchange Rate calculations of import duties from N770.88/$ to N783.174/$.
1 Nov
CBN Director, Corporate Communications, Isa AbdulMumin, who said this in Abuja yesterday, urged Nigerians to discountenance a text message going around alleging plans to introduce new currency into circulation.
31 Oct
The Central Bank of Nigeria (CBN) has refuted a report on Tuesday suggesting its intention to redenominate the country's legal tender, the naira.
26 Oct
The Senate yesterday considered two bills seeking to ban the governor of the Central Bank of Nigeria (CBN) and deputy governors of the apex bank from participating in politics.
13 Oct 2023
.Dollar sustains upward swing as pressure on supply intensifies Nigeria’s currency, the Naira, is still under immense pressure as the Central Bank of Nigeria (CBN) continues to explore new mechanisms to address the forex challenge. The CBN Governor, Oluyemi Cardoso, in a policy document released in Abuja, said the apex bank is currently evaluating how…
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9 mins ago
The General Officer Commanding (GOC), 82 Division, Nigerian Army, Maj-Gen. Hassan Dada, has expressed concern about the high number of weapons in unauthorized hands in Nigeria.
29 mins ago
The National Chairman of All Progressives Congress (APC) Dr. Abdullahi Umar Ganduje has secured an exparte injunction restraining further action on his purported suspension as member of the party. In an exparte motion granted by Federal high Court in Kano, Wednesday, Justice A. U Liman ordered the purported suspension of Ganduje as member of the…
1 hour ago
The Economic and Financial Crimes Commission (EFCC) on Thursday declared former Kogi State governor Yahaya Bello wanted. The EFCC is prosecuting Bello over an allege money laundering of N80.2billion. The former governor was absent in court earlier today when the EFCC arraigned him. Bello’s arraignment is coming on the heels of a warrant of arrest…
1 hour ago
President Bola Tinubu has approved system-wide policies to comprehensively overhaul the education sector to improve learning and skill development, increase enrolment, and ensure the academic security of the nation's children. The approved policies are captured as DOTS, an acronym representing: Data Repository, Out-of-School Children Education, Teacher Training & Development, and Skill Development & Acquisition. According…
2 hours ago
A senior Revolutionary Guards general threatened on Thursday to target Israel's "nuclear facilities" if it strikes Iranian atomic sites, state media reported, anticipating retaliation for Tehran's unprecedented weekend attack.
2 hours ago
Some Directors of agencies under the Ministry of Aviation who were recently relieved of their appointments have dragged the federal government to an industrial court. They said their appointments were statutory and should be allowed to finish their tenure The complainants in separate suits filed by their lawyer, Patrice Akwara prayed to be reinstated or…
2 hours ago
NATO Secretary General Jens Stoltenberg said Thursday that Ukraine had an "urgent, critical need for more air defence", at a G7 foreign ministers' meeting on the Italian island of Capri.
2 hours ago
Magistrate Court in Ikorodu, has given an order for the DNA test to declare the paternity of late singer Mohbad's son, Liam. The court, after failed attempts to personally serve Wunmi, Mohbad's wife, with notice of a pending DNA test application, has ordered substituted means of service. The decision comes as the Aloba family, representing…
3 hours ago
Justice Inyang Edem Ekwo of the Federal High Court in Abuja has dismissed the application by a former Anambra State Governor, Willie Maduabuchi Obiano which sought to quash the N40B money laundering charges brought against him by the federal government. The Judge in a ruling delivered on Thursday faulted and rejected all grounds upon which…
3 hours ago
Prince William returned Thursday to official duties, visiting a food charity and youth centre, in his first public engagements since his wife Catherine revealed a shock cancer diagnosis.