The Economic and Financial Crimes Commission (EFCC) on Monday, failed to produce the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, before the High Court of the…
Central Bank of Nigeria
Central Bank of Nigeria Debunks Naira Scarcity, Blames Customers of Panic Withdrawal
The Central Bank of Nigeria on Thursday debunked rumours of naira scarcity in the country, amid reports that there is no sufficient cash circulation in some commercial banks nationwide. CBN…
Naira Rebounds As CBN Clears Forex Debt Backlog
The naira has risen to one thousand one hundred and twenty naira against the dollar as the foreign exchange market reacted to news that the Central Bank of Nigeria has…
CBN Clarifies Plans to Restructure, Redenominate Naira
The Central Bank of Nigeria (CBN) has dismissed rumors suggesting any plans for the redenomination of the Naira, set to take effect from January 2024. The response from the CBN…
CBN to penalize banks with cheque processing errors from Nov 1st
The Central Bank of Nigeria, CBN, has said it will start penalizing Deposit Money Banks, (DMBs), whose equipment distort images and data being transmitted during cheque transaction processes from November 1st…
CBN Collected N3.2tn and Printed Only N402bn, says Falana
Senior Advocate of Nigeria, Femi Falana, has disclosed that the Central Bank of Nigeria (CBN) collected approximately three point two trillion Naira from various sources but had only printed four…