CBN Gov, Emefiele Resumes Duty After Annual Leave
January 16, 2023 The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Monday, resumed duty after his annual vacation abroad. This was disclosed in a statement by…
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 leading economic diversification, says there’s the urgent need for a conscientious effort to diversify our economy
August 27, 2022 The Central Bank of Nigeria (CBN) says it is leading the drive towards diversifying the nation’s economy away from oil through its numerous interventions. Mr. Godwin Emefiele,…
CBN increases FX allocation to banks
June 6, 2021 The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly…
Transactions in Cryptocurrencies speculative, unreliable, should be discouraged – CBN
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of Nigeria (CBN) says. The apex bank gave the explanation in a statement on its official…
Yuletide: CBN to investigate scarcity of funds in ATMs across Lagos
The Central Bank of Nigeria (CBN) says it will investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State. The CBN‘s Acting Director,…