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Hot Seat: Nigeria’s Central Bank’s Top Brass to Account for N32.5 Billion Allegedly Misappropriated

ABUJA, Nigeria - The House of Representatives has summoned the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, over alleged payments of...

Nigeria’s Central Bank Hikes Interest Rate, Marking 3rd Intervention

ABUJA, Nigeria - The Central Bank of Nigeria, CBN, has once more decided to hike its interest rate, marking the third such consecutive increase. The...

Major Shakeup in Finance Sector as Nigeria’s Central Bank Revokes 139 Licenses [FULL LIST]

LAGOS, Nigeria - The Central Bank of Nigeria, CBN, has made a substantial and surprising move, revoking the operating licenses of 139 financial institutions...

Confusion in Nigeria’s Financial Sector Over Rumoured Study Leave For Emefiele

LAGOS, Nigeria — A whirlwind of uncertainty swept across Nigeria's financial sector on Friday following a contentious social media report claiming that President Muhammadu...

CBN Report Reveals: Nigeria’s External Reserves Decline by $1.46 Billion in Q1 2023

According to data from the Central Bank of Nigeria, CBN, Nigeria’s external reserves fell by $1.46 billion between January and March. According to the figures...

Naira Redesign: Lawyer Seeks Contempt Proceedings Against CBN Governor

LAGOS, NIGERIA - Lagos-based activist-lawyer Tope Alabi has filed an application with the Federal High Court in Lagos seeking permission to initiate contempt proceedings...

NLC and TUC Suspend Planned Strike Over Naira Note Scarcity

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their planned nationwide strike, which was scheduled to begin on Wednesday,...

NLC to Decide on Nationwide Strike Following Meeting with Minister of Labour and CBN Governor

ABUJA, NIGERIA - The National Executive Committee (NEC) of the Nigeria Labour Congress (NLC) is set to meet today, March 28, 2023, to discuss...

Bracing for Impact: CBN Spikes Interest Rate to 18%

Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by 50 basis points to 18. percent. This was disclosed...

Buhari Breaks Silence On Cash Crunch Crisis, Says CBN, AGF Disobeying Supreme Court Orders

The Presidency has broken its silence on the cash crunch crisis facing the country in the past few weeks, following the Supreme Court Judgement...

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