FG’s deficit rises 0.1% to N824.79 bn
The report also showed that the deficit was 7.92 percent higher than the budgeted N764.19 billion for the period.
CBN: Strengthening banks and the financial system
By ARIZE NWOBU THE banks recapitalisation policy scheduled for March 2026, by the Central Bank of Nigeria, CBN, is a proactive and commendable policy which aims at enhancing the solidity of banks in driving the economy for greater impact in a globalised world with fast systemic interactions. Research has shown that banking crisis occur on […]
NESG welcomes CBN’s move to end price verification system for FX transactions
“The increase in industrial output will have a positive spillover effect on other sectors, further stimulating economic activity.”
SERAP gives CBN 7 days to ‘account for missing N100bn dirty notes, other public funds’
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN),…
CBN issues fresh foreign currency deposit guidelines
The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank.
CBN to implement more policies to tackle cybersecurity challenges
According to him, issues such as cybersecurity threats, data breaches, and digital fraud are persistent concerns that could erode consumer confidence in the system.
Inflation: CBN ‘ll adhere to conventional mandate – Cardoso
“In the past, people were panicking and front-loading their requests. Now, a lot of that has calmed down. There’s no inclination to do that because liquidity has returned to the market.”
Foreign reserves boost: FG to sell refined gold to CBN
THE Minister of Solid Minerals Development, Dr. Dele Alake, has said Nigeria’s refined gold will be sold to the Central Bank of Nigeria, CBN, to bolster foreign reserves and meet the London Bullion Market Association Good Delivery Standard.
CBN says rates tightening working
The Central Bank of Nigeria (CBN) has said that its monetary policy of tightening rates was working, as demonstrated by the deceleration of the nation’s headline inflation.
Emefiele’s Trial: Buhari gave approval for Naira redesign – Ex-CBN Director
Trial of the former Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, resumed before a High Court of the Federal Capital Territory, FCT, on Tuesday, with a key prosecution witness, admitting that former President Muhammadu Buhari, gave approval for the Naira to be redesigned.
No plan to revoke Wema, Polaris, Unity, Fidelity licences – CBN
There is no plan to revoke the operating licences of Fidelity, Wema, Polaris and Unity Banks, the Central Bank of Nigeria has said.
No plans to revoke licences of more banks — CBN
“The attention of the CBN has been drawn to some information circulating in the public domain, suggesting that the CBN is set to revoke the licenses of three additional banks following its regulatory action against Heritage Bank Plc on Monday.”
CBN denies alleged plans to revoke licences of Unity, Polaris, Keystone banks
The Central Bank of Nigeria (CBN) has denied reports that it is set to revoke the licenses of Unity Bank, Keystone Bank, and Polaris Bank.
CBN raises interest rate to 26.25%
Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate by 150 basis points to 26.25 Per cent from 24.75 percent.
Emefiele: I was pressured to offer $600k bribe, witness tells court
A prosecution witness in the ongoing trial of the former governor of Central Bank of Nigeria, CBN, Godwin Emefiele…
EFCC witness admittance of giving bribe evidence case against Emefiele purely persecution – Arewa Youths
Socio Cultural group Arewa Youth group has stated that the admittance of the prosecution witness for the EFCC…
