CBN and Cardoso’s bid to restore stability, sanity in financial system
By ABDULRAHMAN ABDULRAHEEM The mandate of the Central Bank of Nigeria, CBN, is derived from the 1958 Act of Parliament that established the Bank. The Act has been amended six times since then to respond to contemporary challenges and the expansion of the economy. The Act was amended in 1991, 1993, 1997, 1998, 1999 and 2007. The […]
I wasn’t involved in $6m withdrawal from CBN — Boss Mustapha
“This is not just about me, it is about upholding the integrity of public service and safeguarding the reputation of those who have served this country with honour”
‘What happened to new notes?’ CACOL slams FG, CBN over naira scarcity
The Centre for Anti-Corruption and Open Leadership, CACOL, has called on the Federal Government and the Central Bank of Nigeria to fix the naira scarcity which is currently subjecting Nigerians to untold hardship during this Yuletide season.
CBN says banks now responsible for loans recovery, suspends applications
“(This is) in furtherance of the Central Bank of Nigeria’s (CBN) new policy thrust focusing on its core mandate of ensuring price and monetary stability”
IMF advises CBN to further hike rate at next MPC
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to further hike Monetary Policy Rate (MPR) when next its Monetary Policy Committee (MPC) meets.
Beware of fake naira notes in circulation, CBN alerts Nigerians
The Central Bank of Nigeria, CBN, today alerted banks and Nigerians to beware of counterfeit bank notes, especially higher denominations now spent in food markets and other commercial hubs in the country.
Cardoso approves CBN’s reviewed service charter
The CBN governor, Mr Yemi Cardoso, has approved the reviewed “Service Charter’’ of the apex bank.
Banks, others to halt transactions on accounts/wallets without BVN, NIN – CBN
The Central Bank of Nigeria, CBN, has mandated financial institutions to halt transactions in all funded individual accounts or wallets without Bank Verification Number (BVN) or National Identity Number (NIN) , effective March 1, 2024.
N135bn CBN Intervention Funds: Senate to involve anti-graft agencies to recover money
THE Senate has vowed to ask the Economic and Financial Crimes Commission, EFCC and other anti-graft agencies to go after defaulting beneficiaries of N135 billion disbursed by the Central Bank of Nigeria, CBN for the purpose of national gas expansion programme.
CBN directs banks to issue, accept old, redesigned Naira banknotes
The Central Bank of Nigeria, CBN, has directed banks to issue and accept old and new redesigned Naira notes.
Experts applaud CBN over planned recapitalisation of banks
Two financial experts have commended the Central Bank of Nigeria (CBN) for its plan to further recapitalise Deposit Money Banks (DMBs) in the country.
Nigeria lost $1.4bn in 8 years over CBN’s ban on 43 items – Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso Nigeria lost a total of $1.4bn in 8 years over CBN’s ban on 43 items.
CBN plans new round of recapitalisation for banks
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs).
Extend old naira notes’ lifespan, govt tells Supreme Court
The Federal Government has urged the Supreme Court to extend the period that the old naira notes remain in circulation.
Reps move to reduce powers of CBN Governor
A Bill to create the position of Chairman of the Board of the Central Bank of Nigeria separate from the position of the Governor scaled second reading in the House of Representatives.
Let Emefiele breathe
Yesterday, Wednesday 8 November, 2023, the former central bank governor Godwin Emefiele was granted bail by the High Court of the FCT, Abuja.
