Search Result for: cbn

CBN debunks report of failing capital adequacy in Nigerian banks

The Central Bank of Nigeria (CBN) has urged Nigerians to disregard reports listing Nigerian banks as failing the Capital Adequacy Ratio (CAR)...

Just in: CBN halts processing fees on large cash deposits

The Central Bank of Nigeria (CBN) has announced the immediate suspension of processing fees on large cash deposits. The change cited under...

CBN raises alarm over counterfeit Naira notes in circulation

The Central Bank of Nigeria (CBN) has raised alarm over the circulation of counterfeit banknotes across the country. According to the apex...

CBN Gov. Cardoso approves apex bank’s reviewed service charter

In its bid to strengthen the core values and the working mechanism of the banking sector, the Central Bank of Nigeria (CBN)...

CBN to freeze accounts without BVN,NIN from March 2024

The Central Bank of Nigeria (CBN) said on Friday that it will freeze accounts or wallets without Bank Verification Number (BVN) and...

Ex-CBN Gov. Emefiele back to prison over unmet bail conditions, trial adjourned to January 2024

A former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has yet to meet his bail conditions five days after he was...

CBN set for recapitalization of the nation’s banks

The CBN Governor, Dr. Olayemi Cardoso, announced this at the 58th Annual Bankers Dinner by the Chartered Institute of Bankers of Nigeria...

Embattled CBN Gov. Emefiele granted N300m bail

A Federal High Court in Abuja on Wednesday granted a former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to a bail...

Again CBN postpones MPC meeting

Amid the high inflation rate, the Central Bank of Nigeria (CBN) has postponed its Monetary Policy Committee meeting (MPC). No date has...

Old Naira notes remain legal tender, no one should reject them — CBN

The Central Bank of Nigeria (CBN) has clarified that all banknotes it has issued remains a legal tender and should not be...

Update on Emefiele: Court Grants ex-CBN governor bail

A former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, was on Wednesday granted bail by Justice Olukayode Adeniyi, of...

No plans to redenominate the Naira – CBN

The Central Bank of Nigeria (CBN) has refuted report in a section of the media that it plans to redenominate the Naira...

Barely 60 minutes after regaining freedom, ex-CBN Gov. Emefiele arrested by EFCC

“Emefiele was allegedly arrested by the anti-graft agency after regaining freedom from the custody of the Department of State Service (DSS)” Embattled...

Foreign exchange: CBN lifts restrictions on 43 items

The Central Bank of Nigeria (CBN) has announced that Importers of all the 43 items previously restricted in 2015 are now free...

Tinubu’s economic reforms target $1trn GDP growth by 2030 – CBN Gov. Cardoso

The Central Bank of Nigeria Governor, Mr. Yemi Cardoso, says the administration of President Bola Ahmed Tinubu, can grow the country’s Gross...

Senate confirms Cardoso as CBN gov., four others as deputy governors

The Senate has confirmed the appointment of Dr. Yemi Cardoso as the Central Bank of Nigeria (CBN) Governor and four others as...