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Central Bank of Nigeria

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...

Tinubu Announces Forensic Audit of CBN and Overhaul of Civil Service Payroll

ABUJA, Nigeria - President Bola Tinubu announced on Friday, August 4, 2023, that a comprehensive forensic audit of the Central Bank of Nigeria, CBN,...

Tinubu Appoints Jim Obazee as Special Investigator to Nigeria’s Central Bank

ABUJA, Nigeria - President Bola Tinubu has appointed a Special Investigator to probe the Central Bank of Nigeria, CBN, and related Government Business Entities,...

Nigeria’s Central Bank Hikes Interest Rates Amid Rising Inflation

LAGOS, Nigeria — The Central Bank of Nigeria's Monetary Policy Committee has announced a modest increase in monetary policy rates to 18.75 percent, a...

Suspended CBN Governor Godwin Emefiele Granted N20 Million Bail in Firearms Case

LAGOS, Nigeria - The Federal High Court in Lagos has on Tuesday, July 25, 2023, granted bail to Godwin Emefiele, the suspended Governor of...

Masked and Armed DSS Agents Whisk Erstwhile Central Bank Governor Emefiele from Lagos Court

LAGOS, Nigeria - The suspended Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, was whisked away from the Federal High Court...

Tug of War: DSS and Prisons Officials Clash over Custody of Emefiele [WATCH]

LAGOS, Nigeria — An unusual drama unfolded on Tuesday, July 25, 2023, at the Federal High Court in Ikoyi, Lagos, as operatives of the...

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