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Central Bank of Nigeria

Economy

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

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria — In a strong statement against cash flow disruptions, the Central Bank of Nigeria (CBN) has imposed sanctions on nine Deposit Money...
Government

Nigeria: House of Reps Call for Immediate Reversal of Petrol and Gas Price Hikes

Pius Godsday | Politics Reporter -
ABUJA, Nigeria — The Nigerian House of Representatives has called on the Federal Government to reverse the recent increases in the prices of petrol...
Business

UAE-Based Firm Calls on Nigeria’s Central Bank to Investigate Ecobank Over Alleged Extortion

Manny Akpan | Business & Economy Editor -
LAGOS, Nigeria - A company based in the United Arab Emirates has called on the Central Bank of Nigeria (CBN) to investigate Ecobank Transnational...
Business

Nigeria’s Central Bank Revokes Heritage Bank’s License

Manny Akpan | Business & Economy Editor -
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...
Economy

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

Manny Akpan | Business & Economy Editor -
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...
Crime

Former CBN Governor Emefiele Released on Bail as EFCC Trial Begins

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

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

Pius Godsday | Politics Reporter -
LAGOS, Nigeria — In a recent court development, Godwin Emefiele, former Governor of the Central Bank of Nigeria (CBN), was granted bail by the...
Business

CBN Clears Entire Foreign Exchange Backlog for Foreign Airlines

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria - The Central Bank of Nigeria, CBN, has achieved a significant milestone in its financial operations by completely settling the foreign exchange...
Government

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

Manny Akpan | Business & Economy Editor -
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)...
News

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

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