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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...

Central Bank sacks First Bank directors

The Central Bank of Nigeria yesterday, Thursday fired the entire members and board of directors in First Bank of Nigeria. The CBN disclosed that, in...

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The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs).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...

Breaking: President Buhari Directs CBN To Blacklist Firms Importing Palm Oil,...

Nigerian President, Muhammadu Buhari has given directives to  the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling...

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...

Naira Opens Up Huge Trade Deals’ in UK

The listing of the nation’s currency- Naira, under the pre-approved currencies policy of United Kingdom will facilitate more trade deals among the countries. Besides, it...

Calls for N500b Venture Capital Fund to Boost Entrepreneurship by CBN...

Former Deputy Governor, Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has called for the creation of a N500billion Venture Capital Fund, to support...