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CBN raises banks’ capital base to N500bn

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The Central Bank of Nigeria (CBN) on Thursday announced an increase in the capital base for commercial banks. The apex bank's acting spokesperson Hakama Ali...

CBN announces clearance of valid FX transactions to eliminate legacy backlog

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The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have been settled, to fulfil a key pledge by the...

Tinubu set to withdraw Ruby Onwudiwe’s nomination as CBN board member

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President Bola Tinubu is set to withdraw his nomination of Dr Ruby Onwudiwe as a member of the board of Central Bank of Nigeria...

Emefiele favoured his wife in awarding contract – Witness

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Michael Agboro, seventh prosecution witness (PW7) in the trial of the ex-governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has told an...

Upsurge in dollar inflow as remittances quadruple, foreign investors’ return –...

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The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in...

Fagbemi, Wale Edun deny knowledge of CBN/Systemspecs revenue collection agreement

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Attorney-general of the federation (AGF) Lateef Fagbemi and minister of finance Wale Edun on Thursday denied knowledge of contract entered by the Central Bank...

FG unsure of charges to level against Emefiele – Akpabio

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Senate President Godswill Akpabio has said that the Presidency is unsure of the charges to institute against former Central Bank of Nigeria governor, Godwin...

$6.23m fraud: Presidency requests Interpol to arrest Emefiele’s alleged co-conspirators

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The Presidency has requested the Interpol National Central Bureau to place a member of staff of the Central Bank of Nigeria (CBN) and two...

Emefiele’s CBN put $6.2m aside for international election observers – Deputy...

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The Economic and Financial Crimes Commission (EFCC) on Monday opened its case in the trial of ex-governor of the Central Bank of Nigeria, Godwin...

$30bn domiciliary deposits won’t be converted to naira — CBN

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The Central Bank of Nigeria (CBN) on Saturday debunked reports of plans to convert $30 billion domiciliary deposits to naira. Some news platforms (excluding QEDNG)...