BREAKING: CBN sets Minimum Capital Base for banks at ₦500 billion
The Central Bank of Nigeria (CBN) has set new minimum capital requirements for commercial banks with international…
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CBN burst fresh $2.4bn foreign exchange scam
In an astonishing discovery, Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) has revealed that law…
CBN increases interest rate to 24.75%
The Central Bank of Nigeria has raised the monetary policy rate, also known as the interest rate, by 200 basis…
CBN declares lost N193 Billion Intervention Loans, others uncertain
According to a report released by the Central Bank of Nigeria (CBN), N193 billion of the N10.3 trillion in…
BREAKING: CBN clears all FX backlog as external reserves uptick to $34.11bn
The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog that Governor Yemi…
Senate to summon CBN governor over infractions in N30trn Ways and Means loan
The Senate Ad-hoc Committee investigating the N30 trillion Ways and Means loans to the federal government uncovered…
BREAKING: CBN to sack 12 more directors after dismissing 7
Twelve more Central Bank of Nigeria (CBN) directors have been scheduled for dismissal, according to reports…
BREAKING: CBN dismisses 5 directors
The Central Bank of Nigeria (CBN) has dismissed five of its directors.
The dismissal followed attempts to reform…
CBN hikes Customs duty rate by 1.1 percent
Following a few days of calm, the Central Bank of Nigeria (CBN) boosted the exchange rate used to calculate customs…
Why we revoked 4,173 BDCs operators’ licences – CBN
On Friday, the Central Bank of Nigeria withdrew the licenses of 4,173 Bureau De Change operators for failing to…