Tag:CBN

Naira appreciates by 1.5% against dollar, now N1,431.49/$

The Naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday. Data from the official trading platform of...

MPR: Obaseki blasts CBN, warns of tougher times ahead

The Edo State Governor, Mr. Godwin Obaseki, has predicted tougher economic times for the country due to bad economic policies by the Federal Government,...

NDIC partnering CBN to tackle potential risks in banking sector  — MD

The Nigeria Deposit Insurance Corporation (NDIC) has said that it is partnering with the Central Bank of Nigeria(CBN) to proactively address potential risks within...

e-payment hits N611.06trn in 2023

Data from the Nigeria Interbank Settlement System have shown that electronic payments in Nigeria was N611.06 trillion in 2023, representing a 54.55% growth from...

How we uncovered $2.4bn false forex claim — CBN governor, Cardoso

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog is not valid for...

Cash scarcity: Nigerians groan as banks, PoS operators trade blame

Some residents of Ibadan have decried the persistent cash scarcity, even asamidst banks and Point of Sales (PoS) operators are trading blames over the...

Emefiele: CBN dissolves Boards of Union, Polaris banks, others

The Central Bank of Nigeria (CBN) has dissolved the boards of Union Bank, Keystone Bank and Polaris Bank. The apex bank in a statement by...

CBN Settles Additional FX Forwards with Banks

In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria...

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Wild Jubilation in Enugu as Ekweremadu’s wife, Beatrice Returns from UK Prison

There was wild jubilation in Enugu State as Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President, Senator Ike...
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INEC Laments Cost of By-Elections, Seeks Alternatives

The Independent National Electoral Commission (INEC) has expressed concern over the high cost of by-elections and called for the...

How Troops Eliminated Bello Turji’s Second-in-Command, Others

Troops from Operation Fassan Yamma have successfully neutralised Bello Turji's second-in-command, Aminu Kanawa, along with 24 other terrorists, following...

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Wild Jubilation in Enugu as Ekweremadu’s wife, Beatrice Returns from UK Prison

There was wild jubilation in Enugu State as Mrs....

INEC Laments Cost of By-Elections, Seeks Alternatives

The Independent National Electoral Commission (INEC) has expressed concern...