CBN

Otedola Predicts Sharp Naira Slide Billionaire businessman Femi Otedola has warned that the naira could fall below N1,000 to the dollar before the end of the year. He cited ongoing economic pressures and currency market trends as…
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CBN Rolls Out Fresh Dollar Plan The Central Bank of Nigeria has approved the sale of up to $150,000 weekly to each Bureau De Change operator in a fresh effort to steady the foreign exchange market. The decision was announced as…
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Former Central Bank of Nigeria governor Godwin Emefiele has denied reports linking him to the financing of t+rrorism in the country. The claim surfaced online this week, prompting Emefiele to issue a firm response through a statement…
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A fresh dispute has emerged over the handling of public money as SERAP asked the Central Bank of Nigeria to explain how more than N3 trillion reported missing in the 2022 audit vanished. The group made the demand in a letter to CBN…
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The trial of former Kogi State governor Yahaya Bello took a new turn as a prosecution witness told the Federal High Court in Abuja that the state government’s fund withdrawals did not violate any banking regulations. The witness,…
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A new policy released by the Central Bank of Nigeria is stirring tension among Point-of-Sale operators, as industry leaders warn that about 40 percent of agents may be forced out of business. The policy, which sets stricter rules for…
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The Central Bank of Nigeria has introduced fresh regulations for Point of Sale and agent banking operations nationwide, setting a new daily cash-out ceiling of N1.2 million per agent and outlining stricter measures to monitor compliance…
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The Association of Local Governments of Nigeria (ALGON), Osun State chapter, has accused the Central Bank of Nigeria (CBN) of colluding with the All Progressives Congress (APC) to illegally open and operate local government accounts with…
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By Malik Dauda A Federal High Court sitting in Abuja, on Wednesday, July 19, 2023, threatened to issue a warrant of arrest against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over his failure to appear…
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On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De Change segment of the market. The President, Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, said the crude oil price which fell…
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