Senator Ned Nwoko of Delta North has cautioned the Federal Government and the Central Bank of Nigeria (CBN) against artificially inflating the Naira’s value. He […]
Tag: CBN
CBN Boosts Forex Access: BDCs to Sell at N1,036.15 per Dollar!
The Central Bank of Nigeria (CBN) has announced a second intervention this month, allowing licensed Bureau De Change (BDC) operators nationwide to purchase $10,000 each. […]
Yahaya Bello: AGF Warns Against Obstruction of EFCC, Vows to Uphold Rule of Law
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 […]
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, […]