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Central Bank of Nigeria (CBN)

18 Jan
The Federal Capital Territory High Court has granted former Central Bank of Nigeria (CBN) Governor Godwin Emefiele permission to travel outside of Abuja, the country's capital. This decision comes after Emefiele’s lawyer, Mathew Bukka, filed a motion requesting a variation of his bail terms In November 2023, Justice Hamza Muazu of the High Court of…
27 Dec
The Central Bank of Nigeria (CBN) has assured depositors of the safety of the money in their bank accounts. The CBN gave this assurance in a statement signed by its spokesperson, Hakama Sidi-Ali on Wednesday. Sidi-Ali said the CBN noticed reports in certain media outlets about a recommendation for the Federal government to take over…
16 Dec
The general increase in the prices of food items has pushed Nigeria’s annual inflation to 28.20 per cent in November 2023 from 21.47 per cent in November 2022, the highest in 18 years. The National Bureau of Statistics (NBS), which disclosed this in its Consumer Price Index (CPI) and Inflation Report November for 2023 released…
5 Nov
Vice President Kashim Shettima and the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, are among personalities scheduled to appraise the existence of the CBN in the last 65 years. The banking landscape in Nigeria has witnessed tremendous changes in the last 65 years of the CBN's existence. Increase in capital requirements and…
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.
30 Oct
The former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has condemned the arrest and detention of the Economic and Financial Crimes Commission (EFCC) Chairman, Abdulrashid Bawa, without charges or trial.
25 Oct
The Senate on Wednesday considered two similar bills seeking to ban the Governor and Deputy Governors of the Central Bank of Nigeria (CBN) from participating in politics.
16 Oct
The Central Bank of Nigeria (CBN) is currently facing scrutiny for its persistent delays in delivering forward contracts. The delays have been a source of concern among businesses and investors who rely on these contracts for financial stability and risk management. Experts have also raised concerns that the persistent delays by the CBN in honouring…
10 Oct
The Central Bank of Nigeria (CBN) has insisted that the adoption of the eNaira is not and never a threat to financial stability in the country. The apex bank said contrary insinuations that the adoption of the eNaira portends danger to financial inclusion; it explained that the country’s Central Bank Digital Currency (CBDC), the eNaira,…
9 Oct
The Central Bank of Nigeria (CBN) on Monday said that the eNaira is not a threat to financial stability in the country.
22 Sep 2023
.Premium on black market now 40% as dollar eyes N1,000 Central Bank of Nigeria (CBN) might be facing a leadership vacuum as newly nominated governor, Olayemi Cardoso, and his deputies are yet to be cleared by the Senate. This might have informed postponement of the 293rd Monetary Policy Committee (MPC) meeting, earlier scheduled for September…
16 Sep 2023
In what could be the beginning of the end of Godwin Emefiele’s nine years of chaotic reign at the Central Bank of Nigeria (CBN), President Bola Ahmed Tinubu, yesterday, nominated Dr Olayemi Michael Cardoso as a possible replacement for the embattled chief regulator

Latest

2 hours ago
Nigerian banks have 24 months to recapitalise their capital base to at least N500 billion international authorisation capitalisation to continue operations in the country, the Central Bank of Nigeria (CBN) has said. This comes after the apex bank urged Nigerian banks to expedite action on the recapitalisation of their capital base to strengthen the financial…
2 hours ago
President Bola Ahmed Tinubu has approved the appointment of Dr. Abdullahi Usman Bello as the Chairman of the Code of Conduct Bureau (CCB), pending confirmation by the Nigerian Senate. Presidential spokesman, Ajuri Ngelale, confirmed Tinubu's approval of Bello's appointment in a statement on X on Thursday. According to the Ngelale, Dr. Bello is a consummate…
3 hours ago
Hoodlums attacked and set on fire the Neni Divisional Police station in Anaocha Local Government Area of Anambra State. It was gathered that the hoodlums numbering about 30 stormed the area at about 2am on Thursday and destroyed several buildings. READ ALSO: First phase of Lagos-Calabar Highway to be completed in three years – FG…
4 hours ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) has affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees. Dispelling rumors of a reversal in the dissolution of the former management under Dr Tinuade Sanda, Mr. Dere Otubu,…
4 hours ago
The Federal Government said the first phase of the Lagos-Calabar highway will be completed within the next three years. This was disclosed on Thursday in a statement by Ben Bem Goong who is the spokesman to the Minister of Works, Engr. David Umahi. Goong made this announcement following Umahi's inspection of the Lagos-Calabar coaster highway…
5 hours ago
Nigeria has been left in darkness as the national electricity grid controlled from Osogbo, Osun State collapsed at about 4:30pm on Thursday. Most distribution companies across the country disclosed that their feeders were out leaving their franchises area across the 36 states in darkness. While the grid output was 2984 megawatts as at 4pm, the…
5 hours ago
An Ikeja High Court on Thursday issued a bench warrant against the former employee of Punch Nigeria Ltd., Olusegun Ogunbanjo, and others charged with N950 million fraud.
6 hours ago
An Ikeja Sexual Offences and Domestic Violence Court on Thursday discharged and acquitted a 23-year-old student, Victory Tasie, charged with defiling his girlfriend.
6 hours ago
Persons familiar with the antecedents of Senator Uba Sani, the Governor of Kaduna State, readily attest to the fact that he is hardly ever deterred by challenges or adversities, no matter how daunting. Stories abound of his daring exploits as a young civil and human rights activist when successive military juntas held sway in Nigeria.…
6 hours ago
A former National Chairman of the Peoples Democratic Party (PDP), Uche Secondus and members of the Presidential Campaign Council of the party for the 2023 general elections in Rivers State have declared their loyalty to President Bola Ahmed Tinubu and the state governor, Siminalayi Fubara. A former Minister of Transportation and the Director-General, PDP-PCC Rivers…