Tag:CBN

PFIPC Scandal Deepens as CBN Admits Opening Dollar, Pound Accounts for ‘Fake’ Agency

The controversy surrounding the alleged Presidential Foreign Investment Promotion Council (PFIPC) deepened on Monday after the Central Bank of Nigeria (CBN) confirmed it opened...

How CBN Hired 16 New Directors

The Central Bank of Nigeria (CBN) has appointed 16 new directors to head various departments, according to internal documents. Although the appointments have yet to...

Customers to pay for using ATM as CBN Removes three free monthly withdrawals

The Central Bank of Nigeria (CBN) has announced that, starting from March 1, it will eliminate the three free monthly withdrawal transactions for customers...

CBN Governor Unveils New FX Code, Warns Banks, BDCs Against Violations

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, unveiled a new Foreign Exchange (FX) Code on Tuesday, aimed at establishing clear...

Banking Blunder: CBN Cracks Down on Zenith, Fidelity, UBA, 6 others for hoarding cash

Nine Deposit Money Banks (DMBs) have been fined a total of N1.35 billion for failing to adequately load their Automated Teller Machines (ATMs) during...

Why CBN Disqualified 41.65 Million Shares in Access Holdings’ Rights Issue

The Central Bank of Nigeria (CBN) has disqualified 41.65 million shares, valued at N822.60 million, from Access Holdings Plc’s recently concluded rights issue. According to...

CBN to retire 1,000 employees with N50bn severance package

The Central Bank of Nigeria is reported to be preparing to retire approximately 1,000 employees as part of a strategic workforce realignment. A severance package...

Expert faults Cardoso, CBN over hike in interest rate

Mr Daniel Akeju, an advisor and treasury manager has faulted the Central Bank of Nigeria (CBN) recent increase in the Monetary Policy Rate (MPR)...

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Tinubu returns 13 out of 50 Oil Blocks  to Licensing Basket

The Federal Government has announced that 13 of the 50 oil and gas blocks offered under the 2025 Licensing...
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What Really Killed Abacha? Former DSS Director Makes Explosive Claim

A former Assistant Director of the Department of State Services (DSS), Dennis Amachree, has claimed that late military Head...

PFIPC Scandal Deepens as CBN Admits Opening Dollar, Pound Accounts for ‘Fake’ Agency

The controversy surrounding the alleged Presidential Foreign Investment Promotion Council (PFIPC) deepened on Monday after the Central Bank of...

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Tinubu returns 13 out of 50 Oil Blocks  to Licensing Basket

The Federal Government has announced that 13 of the...

What Really Killed Abacha? Former DSS Director Makes Explosive Claim

A former Assistant Director of the Department of State...