Odoh Eric Ocheme has been revealed as one of the suspects wanted for allegedly forging former President Muhammadu Buhari’s signature to effect the disbursement of… Read More »Suspect Involved In $6.2 Million CBN Fraud, Wanted For Forging Buhari’s Signature Revealed
The Central Bank of Nigeria (CBN) has implemented a new updated Cash Reserve Requirement (CRR) mechanism, leading to the cessation of daily CRR debits. The… Read More »CBN Announces New Reserve Requirement Structure
The Central Bank of Nigeria (CBN) has refuted claims of intending to convert $30 billion domiciliary deposits into naira. Reports suggested that the Federal Government… Read More »No Plans To Convert $30 Billion Domiciliary Deposits To Naira – CBN Debunks Rumours
The Central Bank of Nigeria (CBN) has set off a wave of uncertainty among its staff with the sudden announcement of a head office decongestion… Read More »Central Bank Decongestion Sparks Anxiety Among Staff
Former Secretary to the Government of the Federation, Boss Mustapha, has debunked the allegation of illegal withdrawal of $6.3 million from the Central Bank of… Read More »Boss Mustapha Refutes $6.3m CBN Looting Allegation
The Central Bank of Nigeria (CBN) has lifted its two-year-old ban on cryptocurrency, replacing it with a comprehensive regulatory framework aimed at harnessing its potential… Read More »CBN Lifts Ban On Cryptocurrency Transactions
The Central Bank of Nigeria (CBN) has alerted Nigerians to be cautious of counterfeit naira notes in circulation. The apex bank issued this warning in… Read More »Counterfeit Naira Banknotes In Circulation, CBN Alerts Nigerians
The Central Bank of Nigeria (CBN) has reviewed banking charges and rates including ATM Maintenance Fees; Electronic Fund Transfers and Bulk Payments. This was disclosed in the… Read More »CBN Cuts Bank Charges, Others
The Central Bank of Nigeria (CBN) has said that its intervention in the foreign exchange market (forex) declined to $1.65 billion in August 2021. In the forex report for… Read More »CBN Sale Of Forex To Banks Decline To $1.65bn
The Federal Government of Nigeria’s deficit spending in 2021 rose by 39 per cent, year-on-year (YoY) to N5.5 trillion in August. This was disclosed by… Read More »FG’s 2021 deficit rises 39% to N5.5trn
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), says that in less than four weeks, the eNaira app had witnessed almost 600,000 downloads since… Read More »Emefiele says eNaira downloads almost 600,000 in less than 4 weeks
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per… Read More »CBN retains benchmark lending rate at 11.5%, other parameters remain constant
Kogi State Commissioner for Information and Communication, Mr. Kingsley Fanwo, has said that the State Government has facts to disprove the allegation of the bailout… Read More »Alleged EFCC return of bailout fund to CBN: We’ll be vindicated again — Kogi Govt
The Central Bank of Nigeria (CBN) says the faking of higher denomination banknotes in Nigeria dropped 20.80 per cent in volume and 12.18 per cent… Read More »CBN says fake N1000, N500 note declined in 2020
MTN Nigeria Communications Plc says it has received Approval in Principle from the Central Bank of Nigeria (CBN) for a licence application for the MOMO… Read More »MTN Nigeria get CBN approval for MOMO Payment Service Bankbe
In a move to encourage Nigerians to further embrace the recently launched eNaira, the Central Bank of Nigeria (CBN) has advanced reasons why it is… Read More »CBN Says eNaira Much Better Than Cryptocurrencies
The much-anticipated eNaira will make its expected debut as President Muhammadu Buhari is expected to launch the e-currency tomorrow at the Presidential Villa. A statement… Read More »eNaira To Be Launched On Monday
The Central Bank of Nigeria (CBN) on Sunday revealed that the importation of wheat costs the country about $2 billion annually, thereby exerting pressure on… Read More »CBN Reveals Nigeria Spends $2bn On Wheat Importation Annually