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SERAP sues Buhari over $25billion overdrafts from CBN

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court in Abuja to compel President Muhammadu Buhari to...

Yemi Alade slams CBN over dollar regulation

Popular Nigerian Afropop singer and activist, Yemi Alade, has slammed the Central Bank of Nigeria (CBN) for putting in regulations that are unfit for...

CBN shuts down cryptocurrency exchange bank accounts

The Central Bank of Nigeria (CBN) has sent out a directive shutting down cryptocurrency exchange bank accounts, according to multiple online reports. According to a...

CBN withdraws operating licenses of 42 microfinance banks (Full List)

The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have been shut down following the...

Christmas: Lagos to sell cheap rice for N20,000 per bag

The Lagos State Government says it will begin the sales of rice before the Christmas celebration to residents in collaboration with Kebbi Government and...

CBN authorises Payment Service Banks to sell forex

The Central Bank of Nigeria (CBN) has authorised Payment Service Banks (PSBs) to sell foreign currencies (forex) realised from inbound cross-border personal (remittances) to...

Just In: CBN Devalues Naira, Restores Uniform Exchange Rate Of N380/USD

The Central Bank of Nigeria has made an alteration in exchange rate of dollar to Naira as confirmed in a communique to all banks...

Senate confirms Emefiele for another term of five years

Senate has confirmed the re-appointment of the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, for another term of five years. Emefiele’s re-appointment was...

2 Million Customers No Longer Bank with Nigeria Banks

According to statistics from the Nigeria Inter-Bank Settlement System (NIBSS), Nigerian banks lost over 2 million customers between 2016 and 2017, the number of active bank...

Oyo Restates Commitment to CBN

The Oyo State Government has promised to support the Central Bank of Nigeria’s (CBN) initiative in actualising 80% Financial Inclusion rate by the year...