In a decisive effort to curb the unauthorized distribution of freshly minted naira notes, the Central Bank of Nigeria (CBN) has announced a penalty of N150...
The Court of Appeal in Abuja has overturned a Federal High Court ruling that had prohibited the release of federal monthly allocations from the consolidated funds...
The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI) has blamed the escalating cash scarcity in Nigeria on the Central Bank of Nigeria’s...
The Human Rights Writers Association of Nigeria (HURIWA) has expressed profound concern over the country’s unrelenting cash shortage, describing it as a clear indication of a...
An Ikeja Special Offences Court has adjourned proceedings to December 12, 2024, to hear the application filed by former Central Bank of Nigeria (CBN) Governor, Godwin...
The Nigerian Naira appreciated in the parallel market, trading at N1,550 per dollar on Monday, up from N1,555 per dollar last weekend. However, in the official...
The naira has shown remarkable gains over the past five days, bolstered by Nigeria’s successful $2.2 billion Eurobond issuance and the introduction of the Central Bank...
The Central Bank of Nigeria (CBN) has addressed rumors surrounding forced retirements, emphasizing that its Early Exit Package (EEP) is entirely voluntary and comes with no...
The Central Bank of Nigeria (CBN) is preparing to retire approximately 1,000 employees as part of a strategic workforce realignment aimed at streamlining operations. A severance...
The Central Bank of Nigeria (CBN) has introduced updated guidelines that allow licensed Bureaux de Change (BDCs) to directly acquire foreign exchange from Authorized Dealers. This...
