The Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), has issued a stern warning against any form of obstruction to […]
Tag: CBN
NIPSS Urges CBN to Aim for 12% Annual GDP Growth
Nigeria’s National Institute for Policy and Strategic Studies (NIPSS) has called on the Central Bank of Nigeria (CBN) to target a 12 percent annual GDP […]
Former CBN Governor Godwin Emefiele Granted N50m Bail in Fraud Case
Justice Rahman Oshodi of the Ikeja Special Offences Court has granted bail of N50 million to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. […]
CBN Bans Use of Foreign Currencies as Collateral for Naira Loans
The Central Bank of Nigeria took a significant step on Monday to bolster foreign exchange liquidity by issuing a new circular instructing Deposit Money Banks […]
CBN Bars Foreign Currency as Collateral for Naira Loans in Major Policy Shift!
The Central Bank of Nigeria (CBN) has issued a circular prohibiting the use of foreign currency (FCY) as collateral for Naira loans, signaling a significant […]
Former CBN Governor Emefiele Remanded by Lagos Court for Alleged Abuse of Office
Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, was remanded in the custody of the Economic and Financial Crimes Commission (EFCC) following his arraignment […]
Nigeria’s CBN Governor Reveals $2.4 Billion Forex Scandal
Central Bank of Nigeria (CBN) Governor Yemi Cardoso has revealed that law enforcement agencies are investigating foreign exchange forwards valued at around $2.4 billion, deemed […]
CBN Clears $7 Billion Forex Backlog
The Central Bank of Nigeria (CBN) has successfully cleared the $7 billion b (forex) backlog inherited by Governor Yemi Cardoso. Acting Director of Corporate Communications, […]
Ministry of Agriculture receives CBN’s N100 Billion Fertilizer Boost
The Federal Government’s efforts to ensure food security received a significant boost as the Central Bank of Nigeria (CBN) delivered 2.15 million bags of fertilizer […]
Presidency Reveals CBN Funds Authorized Without Buhari’s Knowledge
The Presidency has clarified that several funds released within the Central Bank of Nigeria (CBN) during the tenure of former governor Godwin Emefiele, which have […]