Central Bank of Nigeria (CBN)
24 Feb 2024
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 2024
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 2024
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 2024
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 2024
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 2024
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 2024
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 2024
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 2024
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…
18 Jan 2024
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…
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Mr Lawan Abba Wakilbe, the Borno Commissioner for Education, Science, Technology, and Innovation, has advocated urgent intervention to empower freed Boko Haram captives, to enhance their economic and social protection. Wakilbe stated this during a courtesy visit by Hamsatu Allamin, Chief Executive Officer of the Allamin Foundation for Peace, on Friday in Maiduguri. He said…
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President Bola Tinubu on Friday congratulated Sen. John Azuta-Mbata on his election as the President General of Ohanaeze Ndigbo Worldwide. Azuta-Mbata, a former senator, represented Rivers East in the Senate from 1999 to 2007, Mr Bayo Onanuga, the President’s spokesman, said in a statement. Azuta-Mbata was elected as president of the preeminent Pan-Igbo socio-cultural group…
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Mr Samben Nwosu, a chieftain of the Peoples Democratic Party (PDP) in Anambra ,has resigned his membership of the party. Nwosu, a foundation member of the party disclosed his resignation in a letter addressed to Otolo Ward 1, Nnewi secretariat of the party ,which was made known to newsmen in Awka on Friday. He said…
39 mins ago
As part of efforts to rid the marketing and communications industry of quackery, the Nigerian Institute of Public Relations (NIPR), the Advertising Regulatory Council of Nigeria (ARCON), and the National Institute of Marketing of Nigeria (NIMN) have signed a Memorandum of Understanding (MoU) to promote professionalism in the industry. The MoU, signed by the President…
43 mins ago
The New Nigeria People's Party (NNPP) in Kano State has suffered another blow as Hon. Abbas Sani Abbas, a former Commissioner for Rural and Community Development, has defected to the All Progressives Congress (APC). Ismail Mudashir, Special Adviser to the Deputy President of the Senate on Media and Publicity, in a statement on Saturday, January…
45 mins ago
The Nigeria Security and Civil Defence Corps, Edo Command, says no fewer than 110 suspects were detained for various crimes in the state in 2024. The State Commandant of the corps, Mr Gbenga Agun, disclosed this on Friday in Benin, at an event organised to mark the new year and his one year in office.…