A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Obiorah, testified on Thursday that the CBN board never recommended the 2022 Naira redesign to former President Muhammadu Buhari.
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The Civil Society Legislative Advocacy Centre (CISLAC) has expressed grave concern over the recent Federal High Court ruling that prevents…
The Central Bank of Nigeria (CBN) has refuted circulating rumours claiming that the old N200, N500, and N1000 notes will cease to be legal tender after December 31, 2024.
The House of Representatives on Tuesday called on the Central Bank of Nigeria (CBN) to raise agricultural lending from 1.4 per cent to 7 per cent of its total lending over the next five years.
A former Deputy Governor of the Central Bank of Nigeria (CBN), Edward Adamu, on Wednesday told the Federal Capital Territory High Court Abuja that Godwin Emefiele, a former Governor of the Bank did not follow the laid down procedure in the process that led to the redesign of some notes of the Nigerian currency.
Nigeria’s debt payments have surged by 69% in the first half of 2024, reaching N6.04 trillion, up from N3.58 trillion…
The Central Bank of Nigeria (CBN) says it sold $543.5 million to authorised dealer banks between September 6 and 30.…
The Central Bank of Nigeria (CBN), says it is partnering with Microfinance Banks (MFBs), to enhance financial inclusion to stimulate growth of Micro, Small and Medium Enterprises (MSMEs) in the country.
He clarified that Sanusi was not sacked but suspended due to infractions in the CBN’s financial reporting:
“He was suspended because the Financial Reporting Council queried the expenditure of the CBN. There were serious infractions that needed to be looked at. That was the reason, but somehow, the time was short. So before we finished, his tenure elapsed. Probably, he would have been called back.”
The Central Bank of Nigeria (CBN) says the lifting of petroleum products from Lagos-based Dangote Refinery will moderate the cost of transportation and ease food inflation.