CBN
11 Apr
No fewer than five firms have been linked with former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, in the latest 26-count charge of alleged fraud and corruption filed against him by the Economic and Financial Crimes Commission (EFCC).
10 Apr
Again, stakeholders in Nigeria’s Organised Private Sector (OPS) have expressed grave concerns over the skyrocketing cost of doing business, saying that they fear for their survival.
10 Apr
The Association for Information and Communication Technology on Local Content (ICTLOCA) has backed the Central Bank of Nigeria (CBN) policies on foreign exchange.
8 Apr
An Ikeja Special Offences Court on Monday remanded the embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, for alleged abuse of office and fraud to the tune of $4.5 billion and N2.8 billion.
8 Apr
The Central Bank of Nigeria (CBN) has approved daily sales of 10,000 dollars to 1,588 eligible Bureau De Change operators at the rate of N1,101 to the dollar.
8 Apr
The Ikeja High Court in Lagos State has ordered the remand of a former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele in the custody of the Economic and Financial Crimes Commission (EFCC). He is to be remanded till the next adjourned date, Thursday, April 11 when the court will give its ruling…
8 Apr
Less than a week into the effective date of the exercise, the recapitalisation programme of banks may face its first acid test in the coming days as influential bank owners and top bankers have started throwing spanners into the implementation...
8 Apr
Though the Naira has gained strength against major currencies in a couple of weeks, the Central Bank of Nigeria (CBN) has spent $1.2 billion to defend the currency.
7 Apr
There are strong indications that the efforts by some state governments to take advantage of the country’s new Electricity Act in generating and distributing power in the country may face daunting hurdles.
7 Apr
The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria yesterday appealed to the apex bank to adjust and lower its applicable exchange rate downward below the N1,251/$ it’s pegged for the BDCs.
5 Apr
The Nigerian government on Friday announced the conclusion of the investigation of the Central Bank of Nigeria (CBN) under former governor Godwin Emefiele. Ajuri Ngelale, a spokesman to President Bola Tinubu, in a statement, said the Nigerian leader commended Jim Obazee, former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), for his…
5 Apr
Another round of bank recapitalisation is here and for the next two years between April 1, 2024 and March 31, 2026, the nation’s 25 commercial and six merchant banks are expected to shore up their minimum share capital by as much as 100 per cent...
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