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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...

Nigeria’s Central Bank Revokes Heritage Bank’s License

ABUJA, Nigeria — The Central Bank of Nigeria, CBN, has announced the immediate revocation of Heritage Bank Plc's operating license. This decisive action, authorised under...

Nigeria’s Central Bank Reveals Depleting Foreign Reserves is Due to Debt Servicing

Washington DC, USA - During the ongoing International Monetary Fund/World Bank Spring Meetings in Washington D.C., Central Bank of Nigeria Governor, Olayemi Cardoso, addressed...

Despite North’s Displeasure, 1,500 Central Bank of Nigeria Staff Relocate to Lagos

ABUJA, Nigeria - In a significant move within Nigeria's financial sector, no fewer than 1,500 staff members of the Central Bank of Nigeria (CBN)...

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