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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...

CBN: Osun Ex-Commissioner Tossed Out of Bank Director Race

Governor Ademola Adeleke's nomination of Wale Bolorunduro, a former Finance Commissioner, to serve as a Director of Living Trust Mortgage Bank, a bank owned...

Govs Renew Bid to Delay LG Autonomy

A fresh controversy has erupted in Nigeria's political landscape as state governors have launched a last-ditch effort to block the direct payment of federal...

CBN Targets Financial Inclusion for Women, Vulnerable Groups

The Deputy Governor (Corporate Services) of the Central Bank of Nigeria (CBN), Ms. Emem Usoro, has emphasized the importance of financial inclusion for women...

Nigeria’s Forex Reserves Shink by $1.3b in February

The Central Bank of Nigeria (CBN) has released its latest report, revealing a significant decline in the country's foreign exchange reserves. According to the report,...

CBN Announces Major Leadership Shake-Up with 16 New Director Appointments

The Central Bank of Nigeria (CBN) has appointed 16 new directors to head key departments, marking a significant leadership shake-up. The new appointees will...

Naira Strengthen Angainst Dollar, Ends February at #1,494/$

The Nigerian naira has shown remarkable strength against the US dollar, closing February 2025 with an 8.5% gain on the parallel market at ₦1,490/$,...

Nigerians to Pay Around N500 for ATM Withdrawals

Withdrawals made at GTBank automated teller machines will continue to be free of charge. New Automated Teller Machine (ATM) transaction costs have been announced by...

Naira Stability and Inflation: The CBN Monetary Policy Explained

The Central Bank of Nigeria (CBN) has taken a decisive step towards stabilizing the naira and curbing inflation, marking a significant shift in the...

$4.5bn Fraud: Emefiele Accuses Judge of Bias, Seeks Withdrawal

Former Governor of the Central Bank of Nigeria, Godwin Emefiele, has demanded the withdrawal of Justice Rahman Oshodi from his ongoing trial over alleged...

CPPE React to CBN’s Rate Decision: More Measures Needed

The Central Bank of Nigeria's (CBN) decision to pause interest rate hikes has been commended by the Centre for the Promotion of Private Enterprise...

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