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Relief as CBN releases $265m to airlines

A huge sigh of relief on Friday swept through yhe aviation sector bedevilled by a myriad of knotty issues as the Central Bank of...

Senate summons CBN Governor free fall of naira

The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, to educate and inform senators in...

Emefiele: After ICPC Petition, HEDA Seeks Court’s Interpretation Of Section 9 of CBN Act

Three weeks after it sent a petition to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) querying the political ambition of Central...

Despite Kogi govt denials, EFCC says hidden N19.3bn salary bail-out funds returned to CBN

The Central Bank of Nigeria, CBN, has acknowledged the receipt of the sum of N19, 333,333,333.36 (Nineteen Billion, Three Hundred and Thirty-three Million, Three...

Attempt to defraud CBN of $100m lands oil company’s GMD in court.

By Yemi Oyeyemi, Abuja. The Group Managing Director (GMD) of an oil marketing firm, Triumph Oil and Gas Madgascar Nigeria Limited, Ibrahim Olanrewaju Mahmud has...

Updated: At eNaira launch in Abuja, Buhari says Nigeria’s GDP can increase by $29b

President Muhammadu Buhari has officially launched the eNaira platform and says the adoption of the Central Bank Digital Currency (CBDC) and its underlying...

CBN freezes account of Fintechs, companies assure of funds safety

The Central Bank of Nigeria (CBN) has secured an Abuja federal high court ruling to freeze the accounts of six fintech companies for 180...

Court orders CBN, four others to pay N5.5b judgment debt before Sept 1 over Customs’ unlawful rice seizures

The Central Bank of Nigeria (CBN) appears to be in fresh trouble as a Federal High Court in Abuja has ordered it and four...

BDCs in trouble as CBN stops sale of forex to them, commercial banks take over

The Central Bank of Nigeria (CBN) says it will no longer sell fores to Bureau De Change operators in Nigeria because they are involved...

How Honeywell, Otudeko put First Bank in trouble with CBN, receives query over changes

The internal wrangling that led to management changes in Nigeria's premier bank, First Bank Plc, is unravelling, showing that a loan to Honeywell Flour...

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