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Shareholders Reject CBN Move on Unclaimed Dividends

Shareholders across Nigeria have voiced strong opposition to a legislative move mandating the transfer of unclaimed dividends from company registrars to the Central Bank...

Shareholders Renew Allegations of Unlawful Government Asset Seizure

The Independent Shareholders Association of Nigeria (ISAN) has again raised alarm over the Federal Government’s decision to centralise unclaimed dividends under the custody of...

Oshiomhole Blames Buhari-Era Money Printing for Naira Collapse

Senator Adams Oshiomhole, representing Edo North, has blamed the alarming depreciation of the naira on the massive and indiscriminate printing of money by the...

CBN Suspends Dividends, Foreign Investments for Underperforming Banks

A step to fortify Nigeria’s banking system and promote financial stability, the Central Bank of Nigeria (CBN) has issued a directive halting dividend payments,...

Reps Summon Cardoso, Edun Over FRA Breach

In a bold move to ensure transparency and fiscal discipline within Nigeria’s public financial management system, the House of Representatives has summoned the Governor...

Emefiele Challenges Govt over 753 Abuja Houses Seizure

Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has appealed to the Court of Appeal in Abuja seeking to overturn a High Court...

SERAP Seeks Court Order for CBN to Reveal LG Payments

The Socio-Economic Rights and Accountability Project (SERAP) has instituted a legal action at the Federal High Court in Lagos, seeking an order to compel...

Osun APC Remains Sacked, Court Bars CBN, AGF

Federal Government Agencies Sued by Osun State Over Local Government Council Control The Central Bank of Nigeria (CBN), the Accountant-General of the Federation, and the...

SERAP Demands CBN Disclose Direct Funding to Local Governments

The Socio-Economic Rights and Accountability Project (SERAP) has issued a strong demand to the Central Bank of Nigeria (CBN) to publicly disclose whether it...

CBN Splashes N306bn on Severance, Staff Costs

The Central Bank of Nigeria (CBN) has confirmed that it spent a staggering N306.63 billion on staff-related expenses in 2024, marking an unprecedented spike...

Court Slams N220m Contempt Charge Against CBN Governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the apex bank’s Director of Legal Services, Salam-Alada Kofo, are currently facing...

CBN’s $10.50m Funding: World Bank Reveals Grant, Not Loan

In a significant development, the World Bank has confirmed that the $10.50m funding for the Central Bank of Nigeria (CBN) is a grant, not...

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