CBN

The house of representatives has launched a probe into the disbursement and utilisation of the N200 billion loan provided by the Central Bank of Nigeria (CBN) for the national mass metering programme (NMMP) to electricity distribution…

The Central Bank of Nigeria (CBN) has rejected the appointment of Dr Wale Bolorunduro into the board of the LivingTrust Mortgage Bank owing to his involvement in the crisis that rocked the bank's board in April 2024. LivingTrust is…

The Central Bank of Nigeria (CBN) has been taken to court over the contentious increase in Automated Teller Machine (ATM) transaction fees. The Socio-Economic Rights and Accountability Project (SERAP) filed the lawsuit against the CBN…

Disengaged staff members of the Central Bank of Nigeria who were relieved of their jobs in a mass layoff last year have dragged the bank before the National Industrial Court of Nigeria in Abuja. In an originating summons, filed on July…

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), said the 1,000 staff who left the bank were not forced to leave. Cardoso spoke on Friday at the resumed house of representatives investigative hearing on the disengagement…

The Federal Government’s deficit spending surged by 28 per cent, Year-On-Year to N12.1 trillion in the first ten months of 2024. An analysis of data in the Central Bank of Nigeria, CBN, Monthly Economic Reports, showed that the increase…

The Central Bank of Nigeria (CBN) has reassured the public that both the old and redesigned naira notes will continue to serve as legal tender without any deadline. In a statement on Friday, Hakama Sidi Ali, CBN’s acting director of…

The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the “planned” retirement of 1,000 staff. The apex bank is said to be preparing to retire 1,000 officials and provide them with a severance package…

The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System, mandating a minimum trade value of $100,000. The directive, dated 25 November 2024 and…

The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on cash…