Central Bank of Nigeria (CBN)
CBN Governor Reportedly Acquire N10bn Bulletproof SUVs Amid Economic crisis
This alleged spending spree by the CBN leadership comes at a time when many Nigerians are struggling to make ends meet amidst rising costs and economic instability.
Abuja, Nigeria — As Nigeria grapples with severe economic challenges and soaring inflation, … Continue Reading
Exposed: How Emefiele Bypassed CBN Board to Secure $121M(N18.9B) Inflated Contract with Swedish Firm
EFCC Uncovers How Emefiele Spent N18billion to Print N1billion Notes
An investigation has uncovered how former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, bypassed the CBN board to secure approval from ex-President Goodluck Jonathan for an inflated contract … Continue Reading
CBN Greenlights Unity Bank, Providus Bank Merger with Financial Support
The Central Bank of Nigeria (CBN) has granted approval for the proposed merger between Unity Bank Plc and Providus Bank Limited, a move aimed at bolstering the stability of the nation’s financial system and averting potential systemic risks.
According to … Continue Reading
CBN Orders Transfer of Dormant Account Funds to Apex Bank
The Central Bank of Nigeria (CBN) has directed all commercial banks and financial institutions to transfer funds from inactive or dormant accounts to its coffers.
This directive, announced in a circular by CBN Acting Director of Financial Policy … Continue Reading
Emefiele printed his own customised naira – Ex-CBN director
A former Director of Currency Operations at the Central Bank of Nigeria, Ahmed Umar, has made a bombshell revelation in court, alleging that the immediate past governor, Godwin Emefiele, printed his own design of the naira currency without approval from … Continue Reading
Why Heritage Bank’s licence was revoked — CBN reveals
The Central Bank of Nigeria (CBN) announced yesterday that it has revoked Heritage Bank’s operating licence due to the bank’s inability to improve its financial status. The Nigeria Deposit Insurance Corporation (NDIC) has started the bank’s liquidation process and will … Continue Reading
BREAKING: CBN Revokes Heritage Bank’s Operating License
The Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank. This decision was announced by the Acting Director of Corporate Communications at CBN, Hakama Sidi Ali, through an official statement.
According to the CBN, the revocation … Continue Reading
CBN Sacks 200 More Staff in Ongoing Restructuring Efforts
The Central Bank of Nigeria (CBN) has sacked at least 200 officials, adding to the ongoing disengagements in the apex bank.
This move follows the termination of 117 staff members between March 15 and April 11, 2024. The … Continue Reading
Court seizes N830m, $4.7m and multibillion naira assets linked to Emefiele (full list)
A Federal High Court in Ikoyi, Lagos, has issued an interim forfeiture order for $4,719,054, N830,875,611, and various properties linked to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Yellim Bogoro granted the order on … Continue Reading
CBN Instructs banks to Charge 0.5% cybersecurity levy for every transactions
The Central Bank of Nigeria (CBN) has mandated banks across the country to introduce a cybersecurity levy on transactions, according to a circular issued by the apex bank on Monday. The implementation of this levy is set to commence … Continue Reading