Nigeria’s foreign exchange reserves increased by 5 percent to $33.58 billion in the last two months. This is according to the Central Bank of Nigeria, CBN’s latest FX data as of June 19, 2024. Accordingly, the foreign exchange reserves figure…
By Matthew Denis, Abuja Contrary to reports making rounds, the Central Bank of Nigeria (CBN) has dismissed a purported sack of the current board and management of Unity, Keystone and Polaris Banks. Speaking on Monday Night with our correspondent on…
By Opeyemi Abdulsalam As they struggle to cope with the shock of their abrupt termination, former workers at the Central Bank of Nigeria have accused the administration of mistreatment and injustice. They asserted that it was against the bank’s human…
By Opeyemi Abdulsalam The Enugu Electricity Distribution Company (EEDC) has sent a disconnection notice to state governments, Central Bank of Nigeria (CBN) offices, Nigerian Army, among other parastatals and companies over N180 billion electricity debt. This was contained in a…
The federal high court sitting in Lagos has granted the federal government an order of interim forfeiture of properties valued at N11,140,000,000 linked to Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN). Chukwujekwu Aneke, the presiding…
…As CBN settles N400bn First Bank loan By Seun Ibiyemi and Matthew Denis (Abuja) The Central Bank of Nigeria (CBN) says it has no plans to revoke the licences of Unity, Polaris, and Keystone banks. Online reports had claimed the…
The Central Bank of Nigeria has lifted a six-week-long ban on onboarding new customers imposed on five of the country’s most prominent fintech startups: Paga, OPay, Kuda, Palmpay, and Moniepoint. The regulator’s directive to freeze new customer signups first came…
The Central Bank of Nigeria, CBN, has lifted its ban on onboarding new customers imposed on five prominent fintech startups: Paga, OPay, Kuda, Palmpay, and Moniepoint with immediate effect Opay in a statement on Monday through its official X handle…
By Abdulsalam Abdulla The Central Bank of Nigeria (CBN) has announced the revocation of Heritage Bank’s operating license. In a statement issued by the Acting Director of Corporate Communications, Hakama Sidi Ali, the CBN outlined the reasons behind this decisive…
The Central Bank of Nigeria on Friday, announced that international oil companies can sell their retained 50 per cent of repatriated export proceeds in the Nigerian Foreign Exchange Market. This decision comes after the CBN placed limits on the transfer…
