Central Bank of Nigeria
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Nigerian News
BREAKING: Emefiele’s request to stop trial denied as judge rejects recusal plea
On Wednesday, February 26, the Special Offences Court in Lagos, led by Justice Rahman Oshodi, ruled against former Central Bank…
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Politics
CBN keeps interest rate at 27.5%
On Thursday, February 20, 2025, the Central Bank of Nigeria (CBN) decided to keep its key interest rate, known as…
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Business
CBN launches FX Code as Naira strengthens against the dollar
The Central Bank of Nigeria (CBN) has unveiled the Nigeria Foreign Exchange (FX) Code on Monday, January 27, 2025, coinciding…
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Business
CBN launches new compliance department to boost financial transparency
On Thursday, January 23, 2025, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced the launch of…
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Business
Nigeria’s economy to grow by 4.17% in 2025, inflation to ease — CBN Governor Cardoso
On Thursday, January 23, 2025, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso shared good news for the country’s economy.…
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Business
Nigeria’s inflation rate jumps to 34.6% in November, deepening hardship
Nigeria’s inflation rate surged to 34.60% in November 2024, up from 33.88% in October, signaling deepening economic hardship for the…
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Nigerian News
CBN plans to retire 1,000 employees with N50 billion payoff by December 31
On Monday, December 2, 2024, reports revealed that the Central Bank of Nigeria (CBN) is preparing to retire approximately 1,000…
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Business
CBN warns against fake SWIFT messages, vows to report fraudsters to law enforcement
The Central Bank of Nigeria (CBN) has issued a strong warning to the public about fraudulent individuals and organizations using…
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Politics
Court halts CBN from sending funds to Rivers State
On Wednesday, October 30, the Federal High Court in Abuja made a significant decision. The court ordered the Central Bank…
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Business
Witness claims Emefiele’s companies received preferential treatment in procurement fraud case
In a hearing on Monday, October 21, at an Abuja High Court, prosecution witness Mr. Stephen Gana testified that two…
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Business
CBN reaffirms authority and sets record straight, responds to misinformation about GTCO
In a robust defense of Guaranty Trust Holding Company (GTCO), the Central Bank of Nigeria (CBN) has publicly refuted false…
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Politics
Jonathan clarifies dismissal of Emir Sanusi amid $49.8 billion controversy
On Thursday, September 26, former President Goodluck Jonathan addressed rumors surrounding the alleged disappearance of $49.8 billion during his administration,…
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Business
Naira records mixed performance as forex market volatility persists
The Nigerian naira experienced a mixed performance on Friday, appreciating slightly on the Nigerian Autonomous Foreign Exchange (NAFEX) but depreciating…
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Business
CBN cites July inflation decline as signs of successful monetary policies
The Central Bank of Nigeria (CBN) has reported that the decline in inflation in July 2024 indicates that its monetary…
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Tech
CBN gives go-ahead for Providus Bank, Unity Bank merger
The Central Bank of Nigeria (CBN) has approved the merger between Providus Bank and Unity Bank. This decision, announced on…
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Business
Moniepoint renews onboarding with referrals to rake in new customers
Moniepoint Microfinance Bank (Moniepoint MFB) has relaunched its personal banking referral programme as part of efforts to drive onboarding of…
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Business
Breaking: CBN revokes license of Heritage Bank
The Central Bank of Nigeria (CBN) has withdrawn the operating licence of Heritage Bank.
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Business
BDC operators lament new Central Bank regulations
The Central Bank of Nigeria (CBN) has announced that all existing Bureau de Change (BDC) operators need to reapply for…
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