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Former CBN staff testifies in court that Emefiele collects bribe before awarding contracts
The second prosecution witness, a former Director of Information Technology of the Central Bank of Nigeria, John Ayoh, has told the Lagos High Court […]
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Yemi Cardoso sacks eight CBN directors and 32 other staff
The governor of Central Bank of Nigeria (CBN), Yemi Cardodo has sacked a fresh batch of 40 staff mostly from the Development Finance Department […]
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Report shows only seven banks can meet CBN recapitalisation requirements if it’s increased from N25b
According to report shared by Punch newspaper no fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet […]
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Nigeria’s apex bank clears all airlines’ foreign exchange debts
The Central Bank of Nigeria has announced the complete settlement of foreign exchange (FX) owed to all foreign airlines operating in the country. […]
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Court declares Emefiele’s arrest invalid
Emefiele’s arrest and detention has been invalidated by the Federal High Court The Federal Capital Territory High Court in Apo has declared the arrest […]
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CBN sets N50k daily limit on contactless payments
The Central Bank of Nigeria (CBN) has set a N50,000 limit for contactless payments (payments made without physical contact between a payment device, such as […]
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Financial system rotten under Emefiele – President Tinubu
President Bola Ahmed Tinubu has broken his silence on the suspended Governor of the Central Bank of Nigeria (CBN). He spoke on Friday, […]
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CBN to allow $10k withdrawals daily as it lifts cash deposit restrictions on domiciliary accounts
The Central Bank of Nigeria (CBN) has announced that cash deposits into domiciliary accounts will no longer be restricted. The statement by the […]
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BREAKING: President Tinubu suspends CBN Governor, Godwin Emefiele
President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele from office with immediate effect. According to a […]
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CBN denies reports of devaluation of the Naira
The Central Bank of Nigeria has denied reports of the devaluing the Naira. DailyTrust had earlier reported that the apex bank has devalued […]
