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CBN sacks boards of Titan, Polaris, Union, Keystone Banks, names interim management

The Central Bank of Nigeria has booted out the entire Board of Directors governing Polaris, Union and Keystone Banks. The CBN announced the decision in a statement...

Telecom companies, banks and unresolved USSD debts

By Sonny Aragba-Akpore Despite the hype around financial inclusion which telecommunications regulator, the Nigerian Communications Commission (NCC) puts at 70%, the controversy surrounding the...

Tinubu appoints Obazee special investigator to probe CBN, others

President Bola Tinubu has appointed the former Executive Secretary of the Financial Reporting Council of Nigeria (FRC), Jim Obazee as the Special Investigator of the Central Bank of...

CBN collapses all forex windows into one as Naira dips marginally

The Central Bank of Nigeria (CBN) has effectively unified all segments of the foreign exchange (forex) market collapsing all previous windows into one, a...

The acting CBN Governor and the powers of the President to remove and suspend CBN chiefs

Folashodun Adebisi Shonubi, CBN Deputy Governor of Operations, is the acting CBN Governor. He has been a Deputy Governor for nearly five years. Born...

CBN Governor suspended by President Tinubu

The Central Bank of Nigeria governor, Mr. Godwin Emefiele has been suspended from office by President Bola Tinubu. A statement by the Director of Information,...

CBN: We have not devalued the Naira ▪︎ Yes, you have, we have evidence, says Daily Trust

The Central Bank of Nigeria (CBN), says it has not devalued the naira to N631 from the previous rate of N461 per US$. But the...

Hurray…or maybe… as CBN empties vaults, orders banks to work on Saturdays and Sundays to meet cash needs

This weekend may see an end to the cash needs of lamenting Nigerians as the Central Bank of Nigeria (CBN) claims it has emptied...

Cash Crunch: NLC plans total strike, to picket all Central Bank offices next week

Miffed over the cash crunch in the country, the Nigeria Labour Congress (NLC) has directed all its affiliate unions to mobilise for the picketing...

At last, CBN obeys Supreme Court order, directs banks to receive old N200, N500, N1000 notes

As first disclosed by former Central Bank of Nigeria (CBN) governor and sitting Governor of Anambra State, Prof Charles Soludo , the CBN has...

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