Thursday, 28th March 2024
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Central Bank of Nigeria (CBN)

19 Mar
Nigeria’s electricity Distribution Companies (DisCos) may have spent an average of N670,000 to purchase each prepaid meter and other accessories through a N273.3 billion facility obtained from the Central Bank of Nigeria (CBN).
8 Mar
The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February.
7 Mar
National Institute of Credit Administration (NICA), has again reiterated the essence of a well-functioning consumer credit system, which facilitates the acquisition of goods and services on credit, thereby diminishing the dependency on cash transactions.
24 Feb
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources.
23 Feb
The Senate has confirmed the nominations of 12 members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) after the consideration of a report by the Committee on Banking, Insurance and other Financial Institutions.
14 Feb
Three Nigerians, including a former Central Bank of Nigeria (CBN) employee, have been placed on an International Criminal Police Organisation (INTERPOL) red notice for allegedly forging documents and stealing over $6 million from the bank. The suspects, identified as Odoh Eric Ocheme, Adamu Abubakar, and Imam Abubakar, are accused of conspiring to defraud the CBN…
5 Feb
Decision of the Federal Government to relocate certain departments of Central Bank of Nigeria (CBN) and the headquarters of the Federal Airport Authority of Nigeria (FAAN) to Lagos is part of a broader strategy to enhance operational efficiency, streamline processes and ensure responsive financial system for Nigeria and operations cost.
2 Feb
The Central Bank of Nigeria (CBN) has stopped banks and financial technology companies (fintechs) from international money transfer services while increasing the application fee by 1,900%. The ban was announced in an official document from CBN dated Wednesday, January 31, 2024 which also contained the revised guidelines for the operations of International Money Transfer Operators…
30 Jan
Money supply added as much as N25.6 trillion last year, an astronomical growth of 50 percent, to reach an all-time high of N78.74 trillion.
30 Jan
The Central Bank of Nigeria (CBN) has released fresh $500m to various sectors of the economy to address the foreign exchange (FX) challenge.
21 Jan
Recent disclosures from a Special Investigator appointed by President Bola Ahmed Tinubu have brought attention to the practices of the Central Bank of Nigeria (CBN) and the Ministry of Finance during the previous administration.
18 Jan
The Northern Elders Forum (NEF), has faulted the alleged plan to relocate major departments in the Central Bank of Nigeria (CBN), from Abuja to the former headquarters in Lagos. The NEF recognizes the importance of the departments in question, including Banking Supervision, DBS; Other Financial Institutions Supervision, OFISD; Consumer Protection Department, CPD; Payment System Management…

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Mumbai has dethroned Beijing as the billionaire capital of Asia, according to the latest global rich list by Hurun Research Institute. The institute revealed that Mumbai now boasts 92 billionaires, surpassing Beijing’s 91, and marking the first time India’s bustling financial hub has secured the top spot in the continent. This rating places Mumbai third…
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Anti-establishment figure Bassirou Diomaye Faye has comfortably won the Senegalese presidential election with 54.28 percent of votes in the first round, official provisional results showed Wednesday.
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Eniola Ajao, the producer of ‘BEAST OF TWO WORLDS “AJAKAJU,”’ has issued a heartfelt apology over the decision to award Bobrisky as the ‘Best Dressed Female’ at the movie’s premiere. The award, which was intended as a publicity stunt, resulted in significant backlash from the public and industry peers. Ajao took to Instagram to express…
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A Federal High Court in Borno has ordered the release of 313 suspected terrorists arrested by the military. The Director, Defence Media Operations, Maj. Gen. Buba Edward said this during the operational briefing on Thursday in Abuja. The court ordered their release due to a lack of evidence to nail the suspects after investigation. “The…
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Following the expiration of the tenure in office of the immediate past National Working Committee of the Labour Party headed by Julius Abure, the Board of Trustees (BOT) of the Labour Party has stepped in to steer the affairs of the Labour Party. Labour Party's BOT Chairman, S.O.Z. Ejiofor in a statement said the takeover…
1 hour ago
Medics and the army said three people including a boy were wounded in a gun attack Thursday that targeted a school bus near the city of Jericho in the Israeli-occupied West Bank.
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The Peoples Democratic Party (PDP) has cleared five of the seven aspirants to contest its primary election for the Ondo State governorship election. The party's screening panel presided over by former Ebonyi State Governor, Senator Sam Egwu, however, refused to disclose the names of two aspirants said to have been disqualified. Our correspondent gathered that…
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The Nigerian military has declared eight people wanted in connection with the killing of 17 soldiers in Okuama, Delta state. The people declared wanted include Professor Ekpekpo Arthur, Andaowei Dennis Bakriri, Akevwru Daniel Omotegbo (Aka Amagben) and Akata Malawa David. Others are Sinclear Oliki, Clement Ikolo Oghenerukeywe, Reuben Baru, and Igoli Ebi. The troops were…