CBN

Emefiele: FG Asks Interpol To Place Three Nigerians On Watchlist Over CBN $6.2m Fraud

The Federal Government has asked the International Police (Interpol) to place three Nigerians on its watch list over alleged forgery and withdrawal of...

Tinubu writes Senate, seeks confirmation of five CBN board directors

President Bola Tinubu has asked the Senate to screen and confirm the five people appointed as directors of the board of the Central...

Lagos Assembly worries about Naira value, urges FG, CBN to take bold steps to shore up its value

The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the dollar. As at...

We must moderate our demands for forex, says Cardoso

The governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called on Nigerians to cut down on their demands for...

NNPCL, CBN partner for seamless banking operations

In their bid to foster transparency and seamless commercial operations, the Nigerian National Petroleum Company Limited (NNPCL) and the Central Bank of Nigeria...

Nigeria’s inflation rate will drop to 21% in 2024, says CBN Gov. Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has guaranteed that despite increasing food and commodity prices, Nigeria’s inflation...

CBN reforms yielding positive results, says Cardoso

Recent reforms introduced by the Central Bank of Nigeria (CBN) are beginning to show positive results in the foreign exchange market, the governor...

CBN uncovers $2.4 bln fraudulent FX backlog of $7 bln outstanding FX claims

The Central Bank of Nigeria Governor, Dr. Olayemi Cardoso, has disclosed that $2.4 billion out of the reported $7 billion outstanding foreign exchange...

CBN redeploys 1,500 staff to Lagos

The Central Bank of Nigeria (CBN) says it has redeployed 1,500 staff members to its Lagos office from the headquarters to enhance productivity,...

Just in: CBN pumps $500m into forex market, vows to resolve all backlogs soon

The Central Bank of Nigeria (CBN) says it has pumped an additional $500 million into the volatile foreign exchange market to address persistent...

Sanusi Lamido hails movement of some CBN departments from Abuja to Lagos, says It’s strategic

With 90 percent of commercial banks headquartered in Lagos, former Central Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi has described the relocation...

Forex: CBN working towards genuine price discovery – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has said that the bank will work towards real price discovery...

CBN clears $2bln outstanding forex liabilities

The Central Bank of Nigeria (CBN) says it has paid approximately $2 billion in its bid to cushion the lingering challenges in the...

CBN appoints new managements for Union Bank, Polaris Bank, Keystone Bank

The Central Bank of Nigeria (CBN) has appointed new executives for Union Bank, Keystone Bank and Polaris Bank, following the dissolution of their...

CBN dissolves managements, boards of Titan Trust Bank, Union Bank, two others

The Central Bank of Nigeria (CBN) has welded the big stick by dissolving the boards and managements of Titan Trust Bank, Union Bank...

FX backlog: CBN disburses $61.6m to foreign airlines

A $61.64 million payment to international airlines has been made through a number of Deposit Money Banks (DMBs) by the Central Bank of...