CBN’s New Guidelines: FX for Medical, School Fees, BTA
Justice Godfrey Okamgba The Central Bank of Nigeria (CBN) issued additional guidelines for individuals seeking foreign exchange for medical expenses, school…
CBN
CBN Removes Restriction on Cash Deposits into Domiciliary Accounts
The Central Bank of Nigeria (CBN) has stated that customers will now have unrestricted access to funds in…
Heritage Bank Denies Allegations of Funds Diversion by Staff
According to a statement released on Friday by Heritage Bank, the reports indicating that one of its staff…
[JUST IN] CBN Floats Exchange Rate: What are the Implications?
The Nigerian Naira has recently undergone a significant devaluation, with the currency trading at N750-N755 per dollar at…
Nigeria Yet to Remove Fuel Subsidy, Says Bismarck Rewane
Bismarck Rewane, a prominent Nigerian economist and member of the Nigerian Economic Advisory Council, has shed light on…
Emefiele was Suspended over $1bn Transaction Linked to Aliko Dangote – Report
The suspension of Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele is reportedly linked to a…
Expert Calls for CBN Governor with Strong Economic Understanding
Following the suspension of Godwin Emefiele as the Central Bank of Nigeria (CBN) Governor, an industry expert is…
Meet Folashodun Adebisi Shonubi – Acting Governor of CBN
Following the recent suspension of Godwin Emefiele, the Governor of the Central Bank of Nigeria, Folashodun Adebisi Shonubi,…
[JUST IN] DSS Arrests Suspended CBN Governor
The Department of State Services (DSS) has reportedly arrested Godwin Emefiele, the suspended Governor of the Central Bank…
[BREAKING] Tinubu Suspends Godwin Emefiele as CBN Governor
In a breaking development, President Bola Tinubu has suspended Godwin Emefiele, the Central Bank Governor, with immediate effect.…
CBN Issues Microfinance Bank License to Awash, a Fintech Platform
Central Bank of Nigeria (CBN) has issued a microfinance bank license to Awacash, a fintech platform, this represents…
Fiscal Challenges Mount as Revenue Sources Shrink in Two Months
The Federal Government of Nigeria experienced fiscal deficits of N930.8 billion in the first two months of 2023,…
“We Reached a Point of Frustration with Cryptocurrency Operators,” says CBN
The Central Bank of Nigeria (CBN) has explained its decision to halt the growth of digital currencies in…
CBN Dismisses Reports of Naira Devaluation, says Exchange Rate remains N465/$1
The Central Bank of Nigeria (CBN) has refuted the claim that it has devalued the naira. Isah AbdulMumin,…
Microfinance Banks Review Recapitalization Status after CBN License Revocations
The decision by the Central Bank of Nigeria (CBN) to revoke the licenses of some microfinance banks (MFBs)…