The Court of Appeal in Abuja has overturned previous orders that barred the Central Bank of Nigeria (CBN) and the Accountant General of the Federation from disbursing funds to the Rivers State Government.
In a ruling delivered by a three-member...
The House of Representatives has raised concerns over the persistent cash scarcity affecting commercial banks across Nigeria, urging the Central Bank of Nigeria (CBN) to take immediate action.
Moving a motion under Matters of Urgent Public Importance, Hon. Uguru...
The Central Bank of Nigeria (CBN) has addressed concerns about its staff retirement program, stating that the recently introduced Early Exit Package (EEP) is entirely voluntary and based on extensive consultations with staff union representatives.
Acting Director of Corporate Communications,...
Newly revealed court documents have linked 753 forfeited properties in Abuja to Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN). An FCT High Court granted the Economic and Financial Crimes Commission (EFCC) the final forfeiture...
The House of Representatives has initiated an investigation into the planned retirement of over 1,000 employees by the Central Bank of Nigeria (CBN) and the proposed N50 billion severance package.
During Tuesday’s plenary, Rep. Kama Nkemkama moved a motion citing...
The Central Bank of Nigeria (CBN) is preparing to retire around 1,000 employees before year-end, as part of a workforce realignment under Governor Olayemi Cardoso. The bank has allocated over ₦50 billion for severance packages through its Early Exit...
The Central Bank of Nigeria (CBN) has vowed to crack down on banks failing to make cash available to customers. Governor Olayemi Cardoso, speaking at the Chartered Institute of Bankers of Nigeria dinner in Lagos, announced that the CBN...
The Central Bank of Nigeria (CBN) has acknowledged the persistently high inflation rate in the country but expressed optimism about the effectiveness of its monetary policies in addressing the economic challenges.
Speaking at the 2024 Annual Bankers’ Dinner organized by...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the benchmark interest rate by 25 basis points, increasing it from 27.25% to 27.50%. All 12 committee members unanimously supported the adjustment, aimed at addressing...
Nigeria's foreign reserves reached $40.08 billion on November 7, 2024, marking their highest point in nearly two years, as per Central Bank of Nigeria (CBN) data. This increase highlights the impact of recent CBN policies aimed at boosting foreign...
