The Federal High Court in Abuja issued an order on Wednesday, preventing the Central Bank of Nigeria (CBN) from further disbursing monthly financial allocations to the Rivers State government.
According to the News Agency of Nigeria (NAN), the order also...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that a new Bank Verification Number (BVN) platform for Nigerians living abroad will be operational by December 2024.
Cardoso made this statement on Wednesday during a meeting with...
The Central Bank of Nigeria (CBN) has reported that the country’s external reserve has risen to $40.2 billion, as of last week, reflecting a substantial increase from the previous year's reserve of less than $34 billion.
CBN Deputy Governor for...
The International Monetary Fund (IMF) has reported that Nigeria’s currency, the naira, is beginning to show signs of stability. This positive development is attributed to recent interest rate hikes and efforts by the Central Bank of Nigeria (CBN) to...
Former President Goodluck Jonathan has moved to counter claims made by the former governor of the Central Bank of Nigeria (CBN) and current Emir of Kano, Muhammed Sanusi, alleging he was sacked for raising alarm that $49.8bn went missing...
The Central Bank of Nigeria (CBN) has directed all Payment Service Providers to channel all transactions from Point of Sales (POS) terminals, whether at physical or electronic merchant and agent locations, through a CBN-approved Payment Terminal Service Aggregator within...
A federal High Court in Lagos has ordered the temporary forfeiture of properties linked to the embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The presiding judge, Justice Akintayo Aluko, granting an application sought by...
The Central Bank of Nigeria (CBN) has announced it has finally approved the proposed takeover of Unity Bank by Providus Bank Limited with an asset ownership 80-20 percent (80 percent Providus, 20 percent Unity Bank).
The approval was contained in...
Data from the Central Bank of Nigeria (CBN) reveals the country spent approximately $854 million on debt servicing in May, the highest amount spent in one month since the previous high of $4.43 billion in February 2020.
The latest data...
Some members of the minority shareholders community of the defunct Heritage bank have called for a probe of the management and directors the bank. The call came on Thursday following the revocation of the license of the bank by...
