Naira rallies as FX speculations decline, reserves hit $43bn
The naira stability is also driven by inflows from Foreign Portfolio Investors (FPIs), substantial contributions from International Oil Companies (IOCs),…
Early exit package voluntary, not targeted at northerners – CBN
The Central Bank of Nigeria (CBN) has reiterated that its Early Exit Package (EEP), implemented in 2024, was entirely voluntary…
CBN fines nine banks ₦150m each for ATM cash scarcity
Communication with the banks revealed that the fines would be debited directly from their accounts with the apex bank. In…
CBN to retire 1,000, offers N50bn payoff
Barring any last-minute changes, the Central Bank of Nigeria (CBN) will soon retire about 1,000 of its employees before the…
CBN directs banks to load ATMs, threatens to sanction banks disbursing cash to naira hawkers
The Central Bank of Nigeria (CBN) has threatened to penalise banks disbursing cash to naira hawkers. The apex has also…
CBN refutes old naira notes deadline reports, says the notes continue to be legal tender ad infinitum
Central Bank of Nigeria on Thursday, October 24, debunked reports that the old naira notes of N200, N500 and N1,000…
Old N200, N500 And N1000 will no longer be legal tender after 31st December
The House of Representatives has asked the Central Bank of Nigeria(CBN) to make available more new notes of N200, N500…
Witness tells court how funds were moved from CBN via Emefiele’s wife
The inflows were for services rendered by the companies for CBN. A business relationship manager with Zenith Bank PLC, Ifeoma…
Court orders final forfeiture of over N12.18b choice properties linked to Emefiele
The Federal High Court sitting in Lagos has permanently forfeited to the Federal Government properties valued at over N11,140,000,000.00 (billion)…
How $6.2m stolen from CBN within 24 hours under Godwin Emefiele was shared
The sum of $6,230,000 allegedly stolen from the Central Bank of Nigeria (CBN), on February 8, 2023, was shared and…