CBN

The House of Representatives has opened an investigation into how N59 billion released by the Central Bank of Nigeria (CBN) for the National Mass Metering Programme (NMMP) was used. The Joint Committee on Power and related sectors queried the Nigerian...

Rep. Abdussamad Dasuki has called on the Federal Government to hand over a seized estate of 753 housing units in Abuja to the military to address their housing challenges. The estate, formerly linked to ex-CBN Governor Godwin Emefiele, was forfeited...

The Federal Government says it will sell 753 housing units recovered from former CBN Governor, Godwin Emefiele. The estate, located in Lokogoma, Abuja, was handed over by the EFCC to the Ministry of Housing and Urban Development. Minister Ahmed Dangiwa...

The Federal Government has rejected claims by economist Bismarck Rewane that it spent nearly $8 billion to stabilise the naira. Rewane, CEO of Financial Derivatives Company, said in an interview that government intervention, including bond sales, played a key role...

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its recent increase in Automated Teller Machine (ATM) withdrawal fees. In the suit, filed at the Federal High Court in Lagos,...

Nigeria’s broad money supply surged to an all-time high of N110.98 trillion in January 2025, according to the latest data from the Central Bank of Nigeria (CBN). This marks a 1.85% increase from N108.96 trillion recorded in November 2024, reflecting continued economic liquidity amid rising inflation. Currency in circulation also...

The Socio-Economic Rights and Accountability Project (SERAP) has demanded that the Central Bank of Nigeria (CBN) reverse its recent increase in ATM transaction fees, describing the move as unlawful, unfair, and unjust. In an open letter to CBN Governor Olayemi Cardoso, SERAP urged him to reconsider the...

The Central Bank of Nigeria (CBN) has announced a review of ATM transaction fees, with new guidelines set to take effect on March 1, 2025. The update, issued in a circular dated February 10, 2025 and signed by John...

The Economic and Financial Crimes Commission (EFCC) has summoned Subomi and Wahab Okoya, sons of billionaire industrialist Razaq Okoya, for questioning over alleged misuse of Nigeria’s currency, the naira. Despite a public apology from one of the brothers expressing regret...

The Central Bank of Nigeria (CBN) has introduced new cash-out limits for Point of Sale (PoS) transactions, restricting agents to a maximum daily transaction limit of N1.2 million. Additionally, customers are now limited to withdrawing N100,000 per day from...