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CBN Governor Yemi Cardoso Appointed Chairman of Africa Finance Corporation

LAGOS, Nigeria — The Africa Finance Corporation has appointed Central Bank of Nigeria Governor Olayemi Cardoso as chairman of its board of directors. Cardoso succeeds...

Zenith Bank Discloses ₦376 Million in Fraud Losses and 1,633 Unresolved Complaints

LAGOS, Nigeria — Zenith Bank Plc recorded 171 cases of fraud and forgery in the first six months of 2026, resulting in losses of...

SERAP Gives CBN 7 Days to Account for $6.23 Million Election-Linked Payment

LAGOS, Nigeria — The Socio-Economic Rights and Accountability Project, SERAP, has given the Central Bank of Nigeria seven days to account for a $6.23...

EFCC Files New Charges Against Emefiele Over Alleged Multi-Billion Naira Estate and Proxy Accounts

ABUJA, Nigeria — The Economic and Financial Crimes Commission (EFCC) has filed a fresh eight-count charge against former Central Bank of Nigeria (CBN) Governor...

Emefiele Allegedly Received $17.1m in Cash Through Proxy, EFCC Tells Court

LAGOS, Nigeria — An operative of the Economic and Financial Crimes Commission (EFCC) has told a Lagos court that Godwin Emefiele, the former governor...

Angry Businessman Files £990 Trillion Lawsuit Against CBN Governor, Others Over Alleged Rights Abuse

ABUJA, Nigeria — Justice James Omotosho of the Federal High Court in Abuja has adjourned ruling to Wednesday June 4, 2025, on a preliminary...

Falana-led Coalition Demands Probe Into Alleged Diversion of Nigeria’s $3.4 Billion COVID-19 IMF Loan

ABUJA, Nigeria — The Alliance on Surviving COVID-19 and Beyond (ASCAB), a coalition of 70 labour and civil society organisations, has called on Nigeria’s...

Paystack Fined ₦250 Million by Central Bank Over Peer-to-Peer App Zap

ABUJA, Nigeria - The Central Bank of Nigeria (CBN) has imposed a ₦250 million (approximately $190,000) fine on Nigerian fintech giant Paystack for allegedly...

Reps Pass Resolution Urging CBN To Suspend Planned Hike In ATM Fees

ABUJA, Nigeria - The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend its recently announced increase in Automated Teller...

CBN Slaps ₦150 Million Fines on 9 Banks Over Yuletide Cash Shortages

ABUJA, Nigeria — In a strong statement against cash flow disruptions, the Central Bank of Nigeria (CBN) has imposed sanctions on nine Deposit Money...

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