Central Bank of Nigeria
22 Dec
Youths from the South Eastern part of the country, under the auspices of the Ohanaeze Youths Movement (OYM), on Friday came down hard on the Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee, for his report which was leaked to some media houses in Abuja on Thursday. In the report,…
Emefiele: Middle Belt Youths Forum labels special investigator’s report 'a mountain of cooked story'
22 Dec
Members of the Middle Belt Youths Forum (MBYF) have taken a swipe at the Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee, for submitting what they described as empty and cooked up to President Bola Tinubu. The middle belt youths made their position known in a statement made available to…
14 Dec
The Central Bank of Nigeria (CBN) said despite progress made in the financial inclusion drive, some demographics and areas such as women, youth, micro, small and medium enterprises (MSMEs) as well as rural communities in Northern regions remain disproportionately excluded.
13 Dec
The Central Bank of Nigeria (CBN), Abuja branch last weekend won the 42nd edition of the CBN Governor's Cup. CBN Abuja is the defending champion of the competition. The branch defeated its Lagos counterpart with 3-1 to lift the trophy for the 7th time at the Ilorin township stadium. The match was 1-1 in the…
8 Dec
Barely a month after the Federal Government through the Central Bank of Nigeria (CBN) raised the exchange rate for importation to N783/$, Nigerians are in for more hardship this yuletide as the rate was again raised to N952/$ yesterday...
25 Nov
Commercial banks in the country may be required to increase their capitalisation in coming months.
20 Nov
Stakeholders in real estate sector value chain have reinforced the need for the Federal Government and Central Bank of Nigeria (CBN) to re-capitalise Primary Mortgage Banks (PMBIs) with a view to positioning them to finance transactions, provide long-term funding to developers and end-users. They stressed the need for the government to provide easy access to…
10 Nov
Five months after the Central Bank of Nigeria (CBN) floated the Naira, the Federal Government yesterday adjusted the Nigerian Customs Service (NCS) Exchange Rate calculations of import duties from N770.88/$ to N783.174/$.
1 Nov
CBN Director, Corporate Communications, Isa AbdulMumin, who said this in Abuja yesterday, urged Nigerians to discountenance a text message going around alleging plans to introduce new currency into circulation.
31 Oct
The Central Bank of Nigeria (CBN) has refuted a report on Tuesday suggesting its intention to redenominate the country's legal tender, the naira.
26 Oct 2023
The Senate yesterday considered two bills seeking to ban the governor of the Central Bank of Nigeria (CBN) and deputy governors of the apex bank from participating in politics.
13 Oct 2023
.Dollar sustains upward swing as pressure on supply intensifies Nigeria’s currency, the Naira, is still under immense pressure as the Central Bank of Nigeria (CBN) continues to explore new mechanisms to address the forex challenge. The CBN Governor, Oluyemi Cardoso, in a policy document released in Abuja, said the apex bank is currently evaluating how…
Latest
1 day ago
Nollywood actress, Kate Henshaw, has called for an improved immunisation and more Primary Healthcare Centres (PHCs) in Bauchi State for children welfare in the state. The UNICEF Ambassador made the call in Bauchi on Tuesday while briefing newsmen on her field trip with the United Nations Children's Fund (UNICEF) Bauchi Field Office to observe immunisation…
1 day ago
The Federal Government has set up a seven-man committee to investigate the alleged bullying incidents at Lead British International School, Abuja. This was after the government convened an emergency meeting with management of the school following a disturbing video footage of some students bullying others emerged on the social media earlier on Tuesday. "The committee's…
1 day ago
The pan-Igbo socio-cultural organisation, Ohanaeze Ndigbo, has urged former governor of Anambra State, Peter Obi, to support the 700km Lagos-Calabar coastal road project being executed by the Federal Government. Obi, who was the presidential candidate of the Labour Party (LP) in the 2023 elections, had on Monday said the construction of the Lagos-Calabar coastal highway…
1 day ago
....as secondary market turnover in FMDQ hits ₦48.9tr Total value of transactions executed by domestic investors outperformed foreign investors patronage by circa 64 per cent as at March 2024. According to the latest Domestic and Foreign Portfolio Investment Report of the Nigerian Exchange Limited (NGX), total domestic transactions accounted for about 89 per cent…
1 day ago
FOLLOWING the success of its 'Back to School project' at St. Michael's African School, Ipari-Nla, Ogun State, in February, the Angel Foundation has successfully completed another transformative project at the school, which was commissioned on Monday. It renovated and modernised the school's toilet facilities, enhanced hygiene standards for students and teachers alike, as well as…
1 day ago
Former Central Bank of Nigeria's governor Godwin Emefiele approved the printing of N684.5 million naira with N18.9 billion, the Economic and Financial Crime Commission (EFCC) has said. EFCC made the claim in a new four-count charge filed against Emefiele at the High Court of the Federal Capital Territory. The anti-graft agency's prosecutor Rotimi Oyedepo (SAN)…
1 day ago
The Managing Director of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, has promised that the commission will now meet on a quarterly basis with stakeholders of the commission to enhance the formulation and sustenance of the Commission's overall strategies for the development of the region. Ogbuku made the promise during an interactive forum…
1 day ago
The Kogi State House of Assembly, during plenary on Tuesday, has asked the Economic and Financial Crimes Commission (EFCC) to remove the ‘wanted’ tag that it placed on Yahaya Bello, the immediate past governor of the state. EFCC declared Bello alongside Ali Bello, Dauda Suleiman and Abdulsalam Hudu on 19-count charges bordering on money laundering…
1 day ago
Two Premier League footballers have been arrested over rape allegations. The alleged rape incident is said to have taken place on Friday night. According to UK publication, The Sun, Cops stormed the club’s stadium this weekend and one of the players, aged 19, was spoken to on suspicion of assault and aiding and abetting a…
1 day ago
The University of Nigeria Nsukka (UNN) on Tuesday suspended Mfonobong David Udoudom, a lecturer in the General Studies division, who was caught in a video allegedly harassing a female student. The university said that the indefinite suspension is with immediate effect pending the outcome of a disciplinary panel constituted to investigate the incident. UNN spokesperson,…