Abuja court orders CBN to update CSO on e-Naira, grants Emefiele N300m bail
A Federal High Court sitting in Abuja has mandated the apex bank to furnish Human and Environmental Development Agenda (HEDA…
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CBN
NDIC Debunks Misleading Reports on Liquidated Banks
By Olusegun Obisanya
The Nigeria Deposit Insurance Corporation has debunked recent misleading publications that it did not…
CBN removes deadline on old Naira notes, says they remain legal tender…
The Central Bank of Nigeria (CBN) has removed the deadline for legal tender status of old N200, N500, and N1000 notes from the…
CBN: Cardoso promises to focus on core mandate
Governor of Central Bank of Nigeria, Olayemi Cardoso, has stated that his leadership in the apex bank will focus on its core…
Naira now exchanges N1,000 for one dollar
The Nigerian currency was as at the parallel market, yesterday, exchanged for N1,000 to dollar. This depreciation has been…
Tinubu names Olayemi Cardoso, Ex-CitiBanker as CBN governor, Dattijo, Usoro…
Nigeria’s President Bola Tinubu has approved the nomination of Olayemi Michael Cardoso to serve as the new governor of the…
Banks lose N9.5bn to cybercriminals within five years
“For fraud trends over the last five years, in 2019, we’re looking at about N3 billion and currently 2023, we are looking at about…
Dealers dump dollar, count losses as Naira gains value
But even amid panic selling, this medium understands that trading volume is still very low, underpinning the level of illiquidity.
CBN clamps down on speculators, restricts diaspora remittances as Naira…
According to Shonubi, the volatility of the naira in the parallel market is not solely driven by economic factors, but also…
CBN States Daily Transaction Limit For Contactless Payments
CBN emphasised that transactions exceeding the limits would be subject to the existing know-your-customer (KYC) requirements and…