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Central Bank of Nigeria

Nigerian Court Drops Case Against DSS and AGF as Suspended CBN Governor’s Arraignment Stalls

ABUJA, Nigeria - Justice E Okpe of the Federal Capital Territory, FCT, High Court in Abuja has dismissed a case against the Department of...

Suspended CBN Governor Emefiele Cleared of Gun Possession Charge by Lagos Court

LAGOS, Nigeria - The Federal High Court in Lagos on Thursday, August 17, 2023, dropped the illegal gun possession charges against the suspended Governor...

Naira Regains Strength Against Dollar as CBN Prepares to Intervene

ABUJA, Nigeria - The naira has shown signs of recovery against the dollar, trading at N910/$ as opposed to its previous value of N942/$...

CBN Ordered to Pay N2.8 Billion to Former Staff of Federal Urban Mass Transit Agency

ABUJA, Nigeria — The National Industrial Court, after a marathon 16-year litigation, has directed the Central Bank of Nigeria, CBN, to pay a colossal...

Federal Government Drops Firearms Charge Against CBN Governor, Files New Charges in Abuja

LAGOS, Nigeria — On Tuesday, August 15, 2023, the Federal Government sought to withdraw its "illegal possession of firearms" case against the embattled Central...

Nigeria’s Central Bank Tightens Reins on Banks’ Shady Forex Sales

ABUJA, Nigeria - The Central Bank of Nigeria, CBN, has taken a definitive stance against commercial banks involved in illicit foreign exchange sales, with...

Naira Nosedives: Citizens Grapple as Currency Hits All-Time Low Amid New Forex Policies

LAGOS, Nigeria — The Nigerian naira nosedived to an all-time low of N925/$1 on the parallel market, reflecting the unanticipated aftermath of recent adjustments...

Central Bank Blames Unrecorded Diaspora Remittances for Naira’s Rapid Depreciation

ABUJA, Nigeria — The Central Bank of Nigeria, CBN, is pointing the finger at diaspora remittances that bypass the official system, attributing it to...

Hunting Emefiele: Nigeria’s Central Bank Releases A 7-Year Consolidated Financial Statement

ABUJA, Nigeria - The Central Bank of Nigeria, CBN, released Consolidated Financial Statements for seven consecutive years, marking the first time since 2015 that...

Suspended CBN Chief Emefiele Approaches Federal Court, Seeks Shield from Further Prosecution

LAGOS, Nigeria - Godwin Emefiele, the suspended Central Bank of Nigeria, CBN, governor, has approached the Federal High Court in Lagos seeking to halt...

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