Nigeria’s central bank raised its main lending rate by a smaller-than-expected 25 basis points on Tuesday, July 25, 2023, saying it preferred a moderate increase to anchor inflation expectations while continuing to support investment. In […]
After six weeks in the custody of the Department of State Services (DSS), suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been arraigned at the federal high court in Ikoyi, Lagos […]
By Oluwafemi Popoola An erudite journalist and scholar, Laolu Akande, has described the suspension and arrest of the embattled Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, as a sigh of relief, insisting that […]
By Marvellous Nyang The Department of State Services (DSS) has confirmed the arrest of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The DSS Public Relations Officer (PRO), Peter Afunanya, who […]
• Arrested by DSS By Marvellous Ngang President Bola Tinubu has suspended the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office with immediate effect. This was made known by Willie […]
The Central Bank of Nigeria (CBN) has directed all commercial banks to open to customers on Saturdays and Sundays to ease the naira scarcity problems currently being witnessed across the country. This was disclosed in […]
By Marvellous Nyang After days of keeping mum on the Supreme Court judgement, the Central Bank of Nigeria (CBN) has said that old naira notes, N200, N500, and N1,000 banknotes remain legal tender till December […]
By Marvellous Nyang The National Council of State (NCS) has declared its support for the naira redesign policy of the Central Bank of Nigeria (CBN) as approved by the Federal Government. However, to ease the […]
The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits to N500, 000 and N5 million for individuals and corporate accounts respectively. The apex bank also reviewed downward, the stipulated […]
By Marvelous Nyang The Central Bank Of Nigeria (CBN) has come up with a new policy on cash withdrawal for individuals and organisations effective from January 9, 2023. The CBN in a fresh memo to […]
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