Two years after ban, CBN unveils fresh guidelines for FOREX sale by BDCs

The Central Bank of Nigeria (CBN) has released fresh operational mechanisms for the sale of forex by Bureau De Change (BDCs) operators within the country. 

FG to arraign suspended CBN governor, Emefiele, over N6.9 billion procurement fraud

The suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele and his associates are set to be arraigned by the Federal Government for N6.9 billion procurement fraud.

On Inflation Rate, Nigeria doing better than other African countries – CBN 🤔

The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, says that the nation’s inflation rate is better compared to most African nations.

SERAP Asks Court To Stop CBN Over Customers’ Social Media Handles

Socio-Economic Rights and Accountability Project (SERAP) has urged the Federal High Court in Lagos to compel the Central Bank of Nigeria (CBN) to withdraw its directive to banks and other financial institutions, seeking to obtain information from customers’ social media handles for identification.

IPOB, ESN lawyer Maxwell Okpara defending Emefiele – DSS

The Department of State Services (DSS) said a lawyer of the Indigenous People of Biafra (IPOB), Maxwell Okpara, was defending the immediate past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

DSS charges suspended CBN Governor Emefiele to court

The Department of State Services (DSS) has charged embattled suspended Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, to court.

CBN Warns of Risks to International Financial System

The Central Bank of Nigeria (CBN) yesterday urged banks and other financial institutions to be vigilant and alert to possible emerging risks resulting from the circumvention of measures taken to protect the international financial system.

CBN lifts cash deposit restriction on domiciliary accounts, allows $10k withdrawals daily

The Central Bank of Nigeria (CBN) has lifted the cash deposit restrictions placed on domiciliary accounts, stating that holders of such account are permitted to utilize cash deposits not exceeding $10,000 per day.

Minutes after his suspension as CBN Governor, DSS arrests Godwin Emefiele

The suspended Governor of Central Bank of Nigeria, Godwin Emefiele, has been arrested by DSS.

CBN says more new notes to be in circulation soon

The Central Bank of Nigeria has assured Nigerians that more newly redesigned banknotes will be in circulation soon. 

Naira Scarcity: Labour Minister Ngige, NLC, CBN meet to avert nationwide strike

The Minister of Labour and Employment, Chris Ngige, on Monday, summoned a meeting between the Nigeria Labour Congress, NLC, and the Central Bank of Nigeria, CBN.

CBN Confirms evacuation of banknotes to Deposit Money Banks

The Central Bank of Nigeria, CBN has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations.

Suspend Emefiele as CBN Gov – Tinubu’s aide tells Buhari following failed policies

President Muhammadu Buhari has been urged to suspend the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.

CBN directs banks to dispense and receive old N200, N500 and N1000 notes (OFFICIAL STATEMENT)

The Central Bank of Nigeria has directed commercial banks to dispense and receive old naira notes as legal tender across the country.

NAIRA REDESIGN: Kogi govt orders arrest of persons, businesses rejecting old naira notes

The Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes.

CBN reveals that old and new notes are legal tender

The Central Bank of Nigeria said that both old and new notes are now legal tender.

APC demands immediate resignation of Malami and Emefiele after Supreme Court verdict

The ruling All Progressives Congress APC has demanded the immediate resignation of the Minister of Justice and Attorney General of the Federation AGF, Abubakar Malami and Central Bank of Nigeria CBN governor, Mr Godwin Emefiele following Friday’s judgment of the Supreme Court on the controversial cashless policy of the federal government.

 

ALAS!!! President Buhari apologises over naira redesign policy

Apparently disturbed by the performance of the ruling All Progressives Congress, APC, in the just concluded presidential and National Assembly election in Kaduna State, President Muhammadu Buhari, has apologised to Nigerians over the cash crunch caused by the naira redesign policy.

CBN appoints Isa Abdulmumin as spokesman

The Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director, Corporate Communications Department. 

Supreme Court fixes March 3 for judgement on Naira Crisis

The Supreme Court yesterday slated March 3 to deliver judgement on a consolidated suit 16 states filed to nullify the decision of the Federal Government to ban the use of old N200, N500 and N1000 banknotes as valid legal tenders.