30 results
- 22 Sept 2023
Yemi Cardoso Assumes Duty as Acting CBN Governor
Dr Olayemi Cardoso, on Friday, formally assumed duty as the acting Governor of the Central Bank of Nigeria (CBN). According to a statement by Isa AbdulMumin, CBN’s Director, Corporate Communications,…
- 9 Jun 2023
Tinubu Appoints Shonubi as Acting CBN Governor
President Bola Tinubu has appointed Mr. Folashodun Adebisi Shonubi, deputy governor (Operations Directorate) as acting governor of the Central Bank of Nigeria (CBN) following the suspension of Godwin…
- 1 Mar 2024
CBN Revokes Licenses of over 4,000 Bureau De Change Operators
Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. Yemi Cardoso, CBN Gov The CBN’s Acting Director of Corporate Communications, Sidi Ali…
- 13 Mar 2014
Low Purchasing Power Chasing Coins out of Circulation – CBN
Dr. Sarah Alade, acting governor, Central Bank of Nigeria (CBN) has said that that the low purchasing power of the coin as opposed to other currency denomination is a major reason for its limited…
- 10 Nov 2020
Emefiele and Nigerian Youths: An Appraisal
By Jackson Ugbechie Central Bank of Nigeria (CBN), under the leadership of Mr. Godwin Emefiele, has come under attack recently. Mr. Godwin Emefiele, CBN governor Reason? The CBN applied and obtained…
- 8 May 2018
CBN Injects additional $210m into Forex market
The Central Bank of Nigeria (CBN) has revitalized the inter-bank foreign exchange market with another 210 million dollars. Mr Isaac Okorafor, Acting Director, Corporate Communications, CBN,…
- 13 May 2014
CBN Chides Banks over Money Laundering
Dr. Sarah Alade, acting governor of the Central Bank of Nigeria (CBN), has linked banks to money laundering and other related crimes and accused them of aiding or abetting the crimes knowingly or…
- 20 Jul 2018
CBN Begins Chinese Yuan sales
The Central Bank of Nigeria (CBN) on Friday launched the sale of foreign exchange in Chinese Yuan (CNY) signalling the consummation of the Nigeria-China Currency Swap Agreement. The CBN acting…
- 24 Dec 2020
Yuletide: CBN Probes Scarcity of Funds in ATMs
Central Bank of Nigeria (CBN) said it will investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State. Mr Osita Nwanisobi, CBN‘s acting director,…
- 16 Nov 2025
SERAP Demands Answers over Missing N3 Trillion in CBN Account
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr. Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), “to promptly account for and explain the whereabouts of the…
- 5 Feb 2024
No Plans to Convert Domiciliary Accounts into Naira – CBN
Central Bank of Nigeria (CBN) has said that it has no plans to convert domiciliary account holdings valued at 30 billion dollars into Naira. Mrs Hakama Sidi-Ali, CBN’s acting director, Corporate…
- 25 Jul 2023
CBN Increases Interest Rate To 18.75 Per cent
Central Bank of Nigeria (CBN), on Tuesday, raised the Monetary Policy Rate (MPR) or interest rate from 18.5 percent to 18.75 percent. Folashodun Shonubi, acting CBN governor, announced the…
- 26 May 2025
Court to Deliver Judgment in NIBSS’ Suit against CBN, Others over BVN Database Management
Federal High Court in Abuja on Monday, fixed July 4 for judgment in the suit filed by the Nigeria Inter-Bank Settlement System (NIBSS’) Plc against the Central Bank of Nigeria (CBN) and others.…
- 6 Jul 2016
Don’t Panic, No Nigerian Bank is in Distress- CBN
Central Bank of Nigeria (CBN) has discredited reports that some banks in the country may have gone or may be going into distress. Isaac Okorafor, acting director of Corporate Communications, CBN,…
- 1 Dec 2024
CBN Launches New Website Today
Central Bank of Nigeria (CBN) will today launch its newly redesigned website, www.cbn.gov.ng . Mrs Hakama Sidi Ali, acting director, Corporate Communications, CBN, , made this known in a statement on…
- 25 May 2026
Stewardship, Not Seizure: What the Union Bank Case Is Really About
There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions are raised, and before the ink is…
- 23 Feb 2025
SERAP Drags CBN to Court over ATM Fee Hike
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over the failure to reverse the increase in Automated Teller Machine (ATM)…
- 4 Jul 2021
SERAP Sues Buhari over $25Bn Overdrafts Taken from CBN
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit, asking the court “to compel President Muhammadu Buhari to disclose spending details of the overdrafts and loans obtained…
- 19 Jul 2018
Illegal Charges: CBN Orders Banks to Return N65Bn to Nigerians
Central Bank of Nigeria (CBN) said it has ordered banks in the country to refund some N65billion to Nigerians. The money were recovered from the banks as wrongful deductions and charges from…
- 21 May 2014
Sanusi Remains Suspended as CBN Chief- Court
Mallam Sanusi Lamido Sanusi, suspended governor of Central Bank of Nigeria (CBN) yesterday, lost his bid to return to office as the Federal High Court sitting in Abuja declined to set aside his…
- 26 Jan 2023
Old Naira Notes: Reps threaten to arrest CBN Governor, Bank CEOs
Members of the House of Representatives have threatened to invoke the relevant sections of the law to issue a warrant of arrest on the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin…
- 1 Sept 2019
Experts Okay Deposit Forfeiture for Loan Defaulters
The Central Bank of Nigeria (CBN) new policy regime mandating banks to go after customers who default on the repayment of their loans by seizing their deposits in other accounts is backed by law,…
- 11 May 2025
SERAP Challenges CBN to Publish Local Government Allocations
Socio-Economic Rights and Accountability Project has called on the Central Bank of Nigeria to immediately disclose whether it has commenced the direct disbursement of allocations to the 774 local…
- 31 Dec 2025
Banks to Impose N50 Stamp Duty on Transfers of N10,000 and Above from January 1
Commercial banks in Nigeria will begin charging a N50 stamp duty on electronic transfers of N10,000 and above starting January 1, 2026, in line with the newly enacted Tax Act. CBN The Electronic…
- 7 Feb 2021
Criminal Cartel Hijack Bank Data, Demand Ransom in Bitcoins
Criminal cartel recently hijacked a local commercial bank’s data and demanded for a ransom payment in bitcoins, according to the Tribune. This reportedly prompted the Central Bank of Nigeria (CBN) at…
- 22 Apr 2017
CBN to Sanction Banks Denying Forex Access to SMEs
The Central Bank (CBN) threatened on Friday to sanction banks denying Small and Medium Enterprises (SMEs) access to foreign exchange (Forex) from the newly instituted SMEs Forex Window. The window…
- 6 Dec 2022
Buhari Nominates Aishah Ahmed, Edward Adamu as CBN Deputy Governors
President Muhammadu Buhari has forwarded the names of Aishah Ahmed and Edward Adamu to the Senate for confirmation as deputy governors of the Central Bank of Nigeria (CBN). President Buhari’s request…
- 14 Oct 2021
CBN Asks Banks to Report Dead Customers’ BVN to NIBSS within 24hrs
Central Bank of Nigeria (CBN) has directed banks and other financial institutions to report Bank Verification Number (BVN) of all dead customers to Nigeria Interbank Settlement System (NIBSS) within…
- 8 Apr 2015
Transact Business in Dollars and Go to Jail, CBN Warns
The Central Bank of Nigeria (CBN) has warned that anyone who transacts business using foreign currencies in Nigeria risks six months imprisonment or a fine. Ibrahim Mu’azu, CBN director,…
- 13 Jan 2019
HEDA Demands Details of CBN, MTN Settlement of $8.1Bn Repatriation Feud
Human and Environmental Development Agenda Resource Centre (HEDA), a non-governmental organization has invoked a Freedom of Information Act on the Central Bank of Nigeria (CBN), demanding for…