Court Orders Final Forfeiture of $1.4M Linked to Ex-CBN Governor Emefiele
The Federal High Court in Lagos on Tuesday mandated the permanent forfeiture of $1,426,175.14 associated with former Central Bank of...
Today’s Naira Exchange Rates: Friday, June 21, 2024
The Naira has shown notable changes against major global currencies (especially Dollar Exchange rate to Naira) today, June 21, 2024....
CBN Denies Plans to Revoke Licenses of Unity, Polaris, and Keystone Banks
The Central Bank of Nigeria (CBN) has denied any intentions to revoke the licenses of Unity Bank, Polaris Bank, and...
CBN Breaks Silence On Revoking Heritage Bank’s License, NDIC Begins Liquidation
The Central Bank of Nigeria (CBN) announced yesterday that it has revoked Heritage Bank’s operating license due to the board...
CBN to Issue N1.56 Trillion in Treasury Bills for Q3 2024
The Central Bank of Nigeria (CBN) has announced plans to issue N1.56 trillion worth of Treasury Bills (T-Bills) in the...
CBN Revokes Heritage Bank Licence
The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made...
BDC Operators Back CBN’s Move to Halt Foreign Currency Collaterals for Loans
The Bureau de Change Operators’ Federation in Nigeria has voiced its agreement with the Central Bank of Nigeria’s mandate instructing...
Naira Appreciates Further To N1,382/$ Amid CBN’s Efforts and Warning to Speculators
On Thursday, the Nigerian naira saw a steady rise in its value against the US dollar, appreciating by N18 to...
Nominee Declines CBN Board Position Due to World Bank Commitments
Urum Kalu Eke, a proposed member for the Central Bank of Nigeria’s Board of Directors, has declined the nomination due...
CBN Governor Summoned Over REMITA Revenue Leakages
On Tuesday, the House of Representatives’ Public Accounts Committee issued a directive for the Central Bank of Nigeria’s Governor, Olayemi...
CBN Sets New Forex Regulations for BDC Operations
The Central Bank of Nigeria (CBN) has issued a directive requiring entities that sell foreign exchange to Bureau De Change...
TTB Chairman, Tunde Lemo Summoned for Questioning Over Union Bank Acquisition
Jim Obazee, the Special Investigator of the Central Bank of Nigeria (CBN), has summoned Titan Trust Bank Chairman Babatunde Lemo...
CBN Halts Processing Fees on Large Cash Deposits
According to a recent statement issued by Dr. Adetona Adedeji, the Acting Director of Supervision, the Central Bank of Nigeria...
FG’s Deficit Spending Rises by 11% in Seven Months
According to a recent report on the economy, the Federal Government’s deficit spending rose by 11% from January to July...
US-Based Nigerian Intellectuals Allege Human Rights Violations in Emefiele’s Trial
The Conference of Nigerian Intellectuals in the United States, headed by Dr. Philips Idris, has recently expressed grave concerns regarding...
Abuja Court Grants Emefiele N300m Bail
In a recent development, the Federal Capital Territory High Court in Abuja has granted bail to former Governor of the...
CBN Extends Validity Of Old Naira Notes Indefinitely
In a significant development, the Central Bank of Nigeria (CBN) has officially announced its intention to extend the validity of...
Abuja Court Grants Emefiele Bail
In a significant development, an Abuja High Court sitting at Maitama has granted bail to Mr. Godwin Emefiele, the former...
Court Orders Immediate Release Of Godwin Emefiele From EFCC Custody
In a significant legal development, the Federal High Court in Abuja has issued a compelling order for the immediate and...
CBN Says No Plans For Naira Redenomination
In a recent development, the Central Bank of Nigeria (CBN) has categorically denied rumors of plans to redenominate the Nigerian...