The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency (FCY) as collateral for naira loans. This directive contained in a circular by the Acting Director of the Banking Supervision Department, Adetona […]
The Central Bank of Nigeria (CBN) has asked the Nigerian Customs Service (NCS) to adopt the same forex rate from the importation of goods to its clearance in the country. The directive was contained in […]
The Governor of the Central Bank, Yemi Cardoso has said that the measures taken so far by the apex bank to stabilize foreign exchange rates have started yielding positive results. He noted that these measures […]
The Central Bank of Nigeria (CBN) has expressed readiness to hold its first Monetary Policy Committee meeting under the new governor, Olayemi Cardoso. The meeting will hold between 26 and 27 February, 2024. The announcement follows […]
The investigation into the sleaze in the Ministry of Humanitarian Affairs and Poverty Alleviation deepened on Wednesday with the EFCC investigators quizzing several top civil servants linked to the scandals. The ICPC recovered N50bn from […]
The Central Bank of Nigeria (CBN) has appointed new executives to oversee the affairs of Union, Polaris and Keystones banks. This followed after the dissolution of the Board and Management of the three banks. This […]
Former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been released from Kuje Correctional Centre after meeting his bail conditions. His lawyer, Mathew Burkaa, SAN disclosed to journalists on Friday after he […]
The Central Bank of Nigeria (CBN) has given owners of bank accounts without Bank Verification Number (BVN) or National Identification Number (NIN) April 2024 as deadline. The apex bank said that it will freeze accounts […]
By Festus Adedayo Yes, it is a season of claims and counter-claims. Yet, cost of living is hitting the roof. Hunger is pelting the bellies of both the righteous and the infidel. Living life is […]
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has said that the apex bank under the immediate past governor, Godwin Emefiele lost focus from its core mandate. Cardoso disclosed this at the […]
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