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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

5 mins ago
From the National Chairman of the ruling All Progressives Congress (APC), Dr Abdullahi Umar Ganduje, came assurances of better days for Nigerians grappling with hardship as a result of the high cost of living.
13 mins ago
The Central Bank of Nigeria (CBN) has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion.
24 mins ago
The FCT Commandant of the Nigeria Security and Civil Defence Corps (NSCDC), Mr Olusola Odumosu, has inaugurated the Corps Female Strike Force to protect schools in the territory.
2 hours ago
About six months after President Bola Tinubu recalled all career and non-career ambassadors in diplomatic missions worldwide, their offices in embassies and consulates have remained vacant.
3 hours ago
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.
3 hours ago
Disconnected Subscribers Identification Module (SIM) cards as a result of unverified National Identification Number (NIN) may hit 50 million from the second phase of the disconnection of unlinked SIMs to NIN exercise, which begins today, March 29.
3 hours ago
Nigeria’s sole surviving club in CAF’s inter-club competitions, Rivers United, are billed to host the first leg of the Confederation Cup final if they qualify for the title game.
3 hours ago
The Central Bank of Nigeria (CBN) has auctioned N1.64 trillion worth of treasury bills.
3 hours ago
Brethren, our immersion in the school of Ramadan is progressing steadily. Yes, the ‘school’ of Ramadan.
3 hours ago
Residents of the Federal Capital Territory (FCT) have blamed the surge in the activities of taxicab robbers, popularly known as ‘one chance’, on the failure to make a success of the Abuja Urban Mass Transport Company (AUMTC), which ran aground, over 400 buses procured in 2005 for mass transit.