The Naira on Wednesday marginally depreciated against the US dollar, exchanging at N793.70 at the Investors and Exporters window. According to newsmen, the Naira decreased by 6.83 per cent compared with N742.93, which it exchanged for the dollar on Tuesday.…
A Federal High Court Abuja, on Wednesday, threatened to issue a warrant of arrest against suspended Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, over his failure to appear in court to explain circumstances surrounding the 53 million dollar-judgment…
The Central Bank of Nigeria, CBN, has announced that the Monetary Policy Committee meeting will hold next Monday and Tuesday for the first time without the banks’ suspended governor, Godwin Emefiele. CBN disclosed this on Monday in a notice posted…
The Federal Government borrowed N1.83tn from the Central Bank of Nigeria through the Ways and Means loan in the first quarter of 2023. Provisional data from the apex bank through its quarterly statistical bulletin disclosed this recently. According to the…
Former lawmaker, Senator Shehu Sani has said the probe of the Central Bank of Nigeria, CBN, cannot only be professionally and thoroughly done by outside auditors. Sani stated this in a tweet on Saturday while reacting to the suspension of…
The Central Bank of Nigeria has confirmed the appointment of Dr Isa Abdulmumin as the substantive Director of Corporate Communications. The development comes months after Osita Nwanisobi, the former director of Corporate Communications, retired. In February, the CBN appointed Abdulmumin…
A senior officer of the Nigerian Army recently received more than one-quarter of a billion naira from the Central Bank of Nigeria (CBN). News Men exclusively obtained a copy of the two-page letter written to the Army authority and the…
The Central Bank of Nigeria has clarified that Bank Verification Number, BVN, has no expiry date contrary to claims making the round. The apex bank’s explanation came amid speculations that the BVN has a ten years lifespan. Debunking the claims…
The Senate on Wednesday asked the Central Bank of Nigeria, CBN, to liaise with commercial banks like the First Bank, United Bank of Africa, UBA and the Access Bank that operate branches in Oron Local Government Area of Akwa Ibom…
The Central Bank of Nigeria, CBN, is set to release all N1,000, N500 and N200 notes in its custody to Deposit Money Banks. A source at the CBN disclosed this to the News Men on Wednesday. According to him, the…
