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 […]
Tag: CBN
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 […]
CBN Contract Scandal: Ex-Governor Emefiele Under Fire for Alleged Corruption Scheme
A witness from the Economic and Financial Crimes Commission (EFCC), Agboro Omowera, testified in a Federal Capital Territory High Court in Maitama, revealing that 10 […]
Senate Launches Probe into N30 Trillion Funds gotten from Emefiele led CBN
The Senate President, Godswill Akpabio, has called on the committee members investigating the N30 trillion “Ways and Means” secured from the Godwin Emefiele-led Central Bank […]
Nigeria’s Central Bank Struggles: Economist Intelligence Unit Warns of Naira Crisis
The Economist Intelligence Unit (EIU) has stated in its latest Country Report on Nigeria that the Central Bank of Nigeria lacks the liquidity to support […]