CBN

Ex-military Head of State, Yakubu Gowon has come out to reject reports by a Member of the British Parliament that he looted half of the Central Bank of Nigeria (CBN) at the end of his reign. He recently had his say during an interview with BBC and Nigerians have been ...

The Central Bank of Nigeria (CBN) and the Bankers Committee have come out to say that a renovated and fully operational National Arts Theatre will eventually lead to the build-up of a more resilient economy. The CBN Governor, Mr. Godwin Emefiele revealed this recently at the official handover ceremony of ...

The Central Bank of Nigeria, CBN is prepared to partner the private sector to combat coronavirus in Nigeria. This came as Lagos State commissioned an ultra-modern disease isolation centre in Yaba. According to him, the unveiling of the newly built isolation centre will definitely help in boosting the capacity of ...

The Central Bank of Nigeria (CBN) has said receiving international cash transfers in foreign currencies by Nigerians will affect the Naira negatively. Ms. Ozemena Nnaji, Director, Trade, and Exchange in the apex bank said this to the House of Representatives Committees on Diaspora, Banking and Currency, and National Planning at ...

Governor of Central Bank of Nigeria (CBN), Dr. Godwin Emefiele has said Nigeria’s economic growth can be traced to several policy measures by CBN. Dr. Godwin revealed this at the 11th Annual Bankers Committee Retreat with theme: “Delivering Inclusive Growth: Leveraging Digital Finance” in Ogere, Ogun State. According to him, ...

The Central Bank of Nigeria (CBN) recently announced that the full implementation of the cashless policy will begin from March 31, 2020. In the circular that was captioned, “Re: Implementation of the Cashless Policy,” and sent to all banks, CBN announced the start of charges on deposits which will be ...

The Central Bank of Nigeria (CBN) has once again cautioned the citizenry against investing in the ponzi scheme, Mavrodi Mundial Moneybox ( MMM). The scheme operators stopped the accounts of its investors in Nigeria few days ago.CBN Director of Development Finance Dr. Mudashiru Olaitan gave the warning at a business ...

The Central Bank of Nigeria (CBN) would like to inform the general public of its decision to effect changes in key personnel on the Board and Management of Skye Bank PLC with effect from today Monday, 4th July 2016. Specifically, these changes relate to the Chairman, all Non-Executive Directors on ...

The Managing Director and some top management of Skye Bank of Nigeria today resigned in anticipation of the planned dissolution of the board and management cadres by the Central Bank of Nigeria (CBN) which has discreetly worked on removing directors of some commercial banks that have demonstrated a level of ...

At least five million bank accounts were deactivated by Deposit Money Banks operating in the country on Saturday night following the October 31, 2015 deadline set by the Central Bank of Nigeria for bank customers to register and obtain their Bank Verification Numbers, findings by our correspondents showed on Monday.The ...

The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Wednesday disclosed that the current administration under President Muhammud Buhari has been able to increase Nigeria’s foreign reserve from $29 billion to $31.89 billion one month. Former President Goodluck Jonathan left $29 billion in Nigeria’s foreign�reserve. Emefiele, who paid ...

Emir Muhammed Sanusi of Kano has again reiterated his stance that the Nigerian National Petroleum Corporation (NNPC) failed to remit billions of dollars to the federation account. Speaking through a piece he wrote for Financial Times, the Kano Emir stated that he can be suspended as Governor of the Central ...

President Jonathan on Wednesday, November 12 unveiled the new N100 note to commemorate Nigeria’s 100 years of amalgamation at the state house during the Federal Executive Council meeting. While presenting the notes to other members of the Council, the president said it was a laudable gesture by the CBN to ...

The Central Bank of Nigeria has re-introduced bank charges on Automated Teller Machines. Bank customers as from 1st of September, 2014 will now pay N65 when they make use of other banks ATMs. � � Though in the directive, CBN stated that the first 3 withdrawals in a month on ...

Against all odds, former CBN Governor Sanusi Lamido Sanusi has�arrived for his turban ceremony in Kano today. Photo is courtesy�Dele Momodu.As emir of the northern city of Kano, Sanusi becomes the second-highest Islamic figure after the Sultan of Sokoto in Nigeria. He replaces Ado Bayero, who died on June 6 ...

A Federal High Court in Lagos has restrained the Nigeria Police and the Department of State Services from arresting or harassing the suspended Governor of the Central Bank of Nigeria, Sanusi Lamido. The court also ordered the DSS to release Mr. Sanusi’s passport to him immediately while also awarding the ...

The Senate this morning confirmed the appointment of Mr Godwin Emefiele as the new Governor of the Central Bank of Nigeria. Emefiele was the Chief Executive Officer of Zenith Bank before his new appointment. He replaces Sanusi Lamido Sanusi who was suspended by the Federal Government� on February 20th over ...

Officials of the State Security Service, SSS, have seized the travelling documents of suspended Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, shortly after he arrived Lagos from Niger, where he had gone to attend a meeting of governors of central banks in the West African sub-region. Shortly ...

Sanusi tells CNBC AFRICA “I have been told by my office that a letter was received. As you know, I flew in this morning to Niamey along with other Governors of West African Central Banks to meet with the President of Niger and President of Ghana. Fortunately, I came in ...

The Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi has been suspended by President Goodluck Jonathan. Here is a statement the President’s Special Adviser on Media and Publicity, Reuben Abati just released: Having taken special notice of reports of the Financial Reporting Council of Nigeria and other investigating ...