Tag: CBN
Emefiele social programmes: Banks withhold N530bn CBN funds, Cardoso may order...
About N531.4bn of the Central Bank of Nigeria intervention funds remains unused in the coffers of nine Deposit Money Banks in the country, findings...
External reserves drop by $950m in 17 days — CBN report
Nigeria’s foreign exchange reserves have taken a significant hit, dropping by approximately $1.02bn within 18 days as the Central Bank of Nigeria steps up...
CBN, EFCC probe banks, firms over alleged forex racketeering
• CBN implements Deloitte FX audit report, EFCC may summon CEOs over $2.4bn invalid requests
• Several FX requests fraudulent, made with invalid, illegal documents,...
Naira appreciates to N1,382/dollar, Presidency cautions speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market.
This came as...
Senate summons CBN officials over N30tn loans
The Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways and Means loan was...
CBN plans tough sanctions for banks
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s...
Reps threaten CBN gov’s arrest over REMITA leakages
The House of Representatives Public Accounts Committee, on Tuesday, summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to unfailingly appear before...
Court Orders CBN To Pay German ₦63.7m, $10,000 For Illegal Detention
The Federal High Court in Abuja has ordered the Central Bank of Nigeria to pay a German, Martin Gegenheimer, the sums of ₦63.7m and...
Notify customers before debt recovery moves, CBN tells banks
The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection.
This is to ensure...
Inflation rate will drop to 21% in 2024, CBN GOV promises...
Nigerians have been reassured by the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, that the country’s inflation rate will decline despite...
