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) stress...

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 the...

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 bank,...

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) Governor,...

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 National...

Old, new Naira notes to co-exist till further notice, Supreme Court rules

The Supreme Court on Wednesday ordered that the old N200, N500, N1000 notes should continue to co-exist with the new notes until further...

VP Shettima presides over 4th NEC meeting at State House

The 4th National Economic Council (NEC) meeting is currently underway at the State House, Abuja, with Vice-President Kashim Shettima presiding as Chairman. The...

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 been...

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 rejected...

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 with...

Just in: Reps summons Cardoso, set to investigate decision to lifts FX ban on toothpick, cement and 41 items

The House of Representatives has invited the Central Bank of Nigeria (CBN) Governor, Dr. Yemi Cardoso over the revised policy to lift the...

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 to...

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 Domestic...

Just In: Dr Cardoso assumes duty as Acting CBN Governor

Dr. Olayemi Michael Cardoso, on Friday, formally assumed duty as the Acting Governor of the Central Bank of Nigeria (CBN) pending his confirmation...

AMCON battling 3,000 court cases, restraining orders to sell off debtors’ N3.6trn assets — MD

With over 3,000 cases in court, the Asset Management Corporation of Nigeria (AMCON) has restraining orders from the courts not to sell assets...

Breaking: Pres. Tinubu nominates Yemi Cardoso as new CBN Governor

President Bola Tinubu has nominated Mr Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN). Cardoso is a...