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Central Bank of Nigeria (CBN)

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
.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
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
18 Aug 2023
The Central Bank of Nigeria (CBN) has launched a new portal called the Foreign Exchange (FX) Price Verification System (PVS), designed for importers to have access to forex. The bank made this announcement on Thursday night from their Trade and Exchange Department. “Following the successful conduct of the pilot run and various trainings held with…
12 Aug 2023
The Central Bank of Nigeria (CBN) has released to the banks and other stakeholders an updated list of its accredited cheque printers and personalises it in fulfilment of its mandate to ensure efficient payment and settlement. The list was contained in a circular signed by the Director of Banking Services, Sam Okojere. “In furtherance of…
25 Jul 2023
Lawyers to the suspended Central Bank of Nigeria (CBN) governor, Godwin Emefiele, have alleged that the Department of State Service (DSS) is planning to re-arrest their client. Emefiele's lead counsel, Joseph Daudu (SAN), on Tuesday, told journalists at the premises of the Federal High Court in Lagos. Daudu raised the alarm about the DSS's alleged…

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