The Central Bank of Nigeria (CBN) has acknowledged reports indicating a potential collaboration between deposit money banks and Point-of-Sale operators, aimed at perpetuating a scarcity of...
Under the leadership of former governor Godwin Emefiele, a report by Jim Obazee, appointed by President Bola Tinubu to investigate, has exposed severe mismanagement, fraud, and...
The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has attributed the ongoing cash scarcity to the inadequate implementation of the naira redesign policy. He disclosed...
The International Monetary Fund (IMF) has urged the Central Bank of Nigeria to raise the Monetary Policy Rate in its next Monetary Policy Committee meeting. Ms....
Nigeria’s Central Bank has cautioned the public about counterfeit naira notes circulating amidst reports of a currency shortage. In a statement titled ‘Beware of Counterfeit Naira...
On Thursday, residents in Abakaliki expressed concerns regarding the resurgence of a shortage of banknotes in commercial banks and among point-of-sale (POS) operators. Conversing with news...
Yemi Cardoso, the Governor of the Central Bank of Nigeria, has given the green light to the updated “service charter” of the apex bank. Under the...
The Federal Government experienced an 11% rise in deficit spending, reaching N7.88 trillion in the first seven months of the year, compared to N7.13 trillion spent...
The Central Bank of Nigeria (CBN) has revealed plans to announce a new capital base for banks in the country. Governor, CBN, Dr. Olayemi Cardoso, hinted...
The Federal Capital Territory High Court Abuja, has granted the immediate past Governor of the Central Bank, Godwin Emefiele, bail in the sum of N300...
