N1.4bn Bank Fraud: EFCC Arrests Kogi Assembly Candidate with N326m, $610,500 Cash
Nov. 2, 2022 The Economic and Financial Crimes Commission, EFCC, has arrested the Kogi State House of Assembly candidate of the New Nigeria Peoples Party, NNPP, Ismaila Yusuf Atumeyi with…
Moghalu lists three merits of redesigning the naira, one demerit; suggests 90-day window
By Adeyemi Adeleye Prof. Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria (CBN) has commended the apex bank on the proposed redesigning of the Naira as…
Buhari approves redesign, production, circulation of new N200, N500, N1,000 Notes – CBN
October 26, 2022 …directs commercial banks to stop charging interests on cash deposits with immediate effect The Central Bank of Nigeria (CBN) on Wednesday said President Muhammadu Buhari has given…
CBN sells Polaris Bank to 6 months old company, experts kick
The Central Bank of Nigeria (CBN) and the has announced the sale of Polaris Bank to a new core investor, Strategic Capital Investment Ltd. (SCIL), a company registered on April…
CBN, NIBSS set to introduce national card scheme; target card efficiency
The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, in conjunction with Bankers’ Committee will soon float a national card scheme to improve the payment system…
No cause for alarm, sale of Polaris Bank followed due process – Reps committee
October 20, 2022 Mr. Henry Nwawuba, Chairman, House of Representatives Ad hoc Committee investigating the sale of Polaris Bank, on Thursday, said the ongoing sale of the bank followed dues…
Raise oil production to reduce 2023 budget deficit- Experts urge FG
October 19, 2022 Some financial analysts have urged the Federal Government to raise the nation’s oil production to OPEC quota, as panacea to ensure fiscal sustainability and reduce the proposed…
Bill to amend CBN Act passes 2nd readingÂ
September 27, 2022 The Senate on Tuesday at plenary, passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act. Leading debate on the general principles…
CBN: Managing the Forex Crisis, By Arize Nwobu
Crisis is a time when difficult or important decisions must be made. And that is what the Central Bank of Nigeria (CBN) did recently in the effort to manage the…
Scanner contract: NASS summons CBN Gov, Finance Minister, others
September 26, 2022 The National Assembly has summoned the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele to…