Central Bank of Nigeria

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that law enforcement agencies were investigating $2.4 billion unverified claims out of the $7 billion foreign exchange backlog he inherited. …

When the Central Bank of Nigeria (CBN) Governor, Dr. Yemi Cardoso, amplified President Bola Tinubu’s call for the upgrade of the Nigerian economy to $1 trillion GDP at the 58th annual bankers’ dinner, last November, some players within the…

The Central Bank of Nigeria (CBN) has put the minimum capital base for commercial banks with international authorisation at N500 billion. This was contained in a circular issued by the…

The Central Bank of Nigeria (CBN) says it has cleared all valid foreign exchange backlogs. This was disclosed by the Bank’s Acting Director, Corporate Communications, Mrs. Hakama Sidi Ali, in…

The Senate has said it would invite a former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, over the N30 trillion ‘Ways and Means’ obtained under his watch by the President Muhammadu Buhari administration if the current…

Amidst the backdrop of the Naira’s strengthening trajectory in the foreign exchange market, the Central Bank of Nigeria (CBN) has implemented a significant downward adjustment to the exchange rate for cargo clearance, now standing at…

Immediate past Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, may spend more time behind bars as he failed to produce the ₦300 million bail amount specified by the Federal Capital Territory (FCT) High Court. - The…

The trial of former Governor of the Central Bank of Nigeria (CBN) got underway, on Tuesday, at the High Court of the Federal Capital Territory (FCT), in Abuja. Incidentally, three witnesses of the Economic and Financial Crimes…

Justice Hamza Muazu of the Federal Capital Territory High Court sitting, in Abuja, has granted the immediate past Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, bail in the sum of N300 million and two sureties in like…

The Central Bank of Nigeria (CBN) has rubbished rumours that it intends to redenominate the naira in January 2024. The apex bank on Tuesday in a statement signed by CBN’s Director of Corporate Communications, Isa AbdulMumin, posted on X…