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Latest News
Critics Tag CBN’s Handling of Excess Cash as Threat to Economy
This piece, “Is Poverty the Ultimate Reward for Pension Contributors?” was reposted last week. Because of poor administration, inflation, and…
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CBN Orders Banks to Submit Capital Plans Within 10 Days
Beginning on June 30, 2025, the Central Bank of Nigeria (CBN) has instructed all banks to submit a comprehensive Capital…
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Naira Cards Now Active for Global Use as Nigerian Banks Lift Longstanding Ban
Two Nigerian commercial banks have announced the resumption of international transactions on naira cards. United Bank of Africa (UBA) and…
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Senate Applauds CBN’s Reform Efforts, Reviews Mid-Year Performance
The Senate praised the Central Bank of Nigeria (CBN) for what it called positive changes in the country’s monetary and…
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CBN Pumps $41m into Forex Market as Naira Stays Strong, Oil Prices Climb Amid Mideast Tensions
The naira was stable at around ₦1,549 per dollar as of Thursday thanks to a $41 million injection from the…
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EFCC Drags Ex-CBN Governor Emefiele to Court Over 753 Houses, N7.8bn Fraud—Bank Officials to Testify
Witnesses in the Economic and Financial Crimes Commission’s (EFCC) case against former Central Bank of Nigeria (CBN) Governor Godwin Emefiele,…
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CBN Refutes Allegations of Instability in Banking Industry
According to the Central Bank of Nigeria (CBN), the country’s banking industry is still robust, safe, and stable. Hakama Sidi-Ali,…
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CBN Debunks Claims on New N5,000, N10,000 Banknotes
Online allegations that the Central Bank of Nigeria (CBN) introduced ₦5,000 and ₦10,000 banknotes to facilitate cash transactions have been…
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Senate Accuses CBN of Stalling 30 Trillion Ways and Means Probe
The Senate has accused the Central Bank of Nigeria (CBN) of hindering its probe into the ₦30 trillion Ways and…
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CBN Explains Reason Behind ATM Withdrawal Charge Hike
In order to encourage banks to enhance cash availability at their ATMs, the Central Bank of Nigeria (CBN) has defended…
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