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Central Bank of Nigeria

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...

Former CBN Governor Emefiele Released on Bail as EFCC Trial Begins

LAGOS, Nigeria - Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), was released on bail on Friday, April 12, 2024,...

Lagos High Court Grants Former CBN Governor Godwin Emefiele N50 Million Bail

LAGOS, Nigeria — In a recent court development, Godwin Emefiele, former Governor of the Central Bank of Nigeria (CBN), was granted bail by the...

CBN Clears Entire Foreign Exchange Backlog for Foreign Airlines

ABUJA, Nigeria - The Central Bank of Nigeria, CBN, has achieved a significant milestone in its financial operations by completely settling the foreign exchange...

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)...

‘Economic Disparity’: Northern Elders Opposes Central Bank’s Decision to Relocate Some Depts to Lagos

ABUJA, Nigeria - The Northern Elders Forum (NEF) has voiced its strong opposition to the Central Bank of Nigeria (CBN)'s plans to relocate key...

House of Reps Investigates N81.2 Billion Spent by National Great Green Wall Agency on Tree Planting

ABUJA, Nigeria — The House of Representatives has opened an investigation into the National Agency for Great Green Wall, NAGGW, over its alleged spending...

Buhari’s Economic Adviser Soludo Likens Buhari-Era Economy as ‘Dead Horse But Standing’

ABUJA, Nigeria — Governor Chukwuma Soludo of Anambra State offered a grim assessment of the economic challenges facing Nigeria's President Bola Tinubu, likening the...

Anti-Corruption Group Takes Battle to Court Over Acting Central Bank Governor’s Undeclared Assets

ABUJA, Nigeria - The Network Against Corruption and Trafficking Foundation, NACAT, a Nigerian pro-democracy civil society organisation, has filed a lawsuit against Folashodun Shonubi,...

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