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Mixed Reactions in Parallel Market: While one BDC operator reported a fall to ₦1,577 per dollar, another noted a slight improvement to ₦1,585 per dollar. Inflation...
Governors seek delay in implementing LGA autonomy over financial concerns. Governors reject CBN direct allocation, urging payment via commercial banks. Supreme Court ruling mandates that LGAs...
The EFCC has identified and published a list of 58 companies operating fraudulent Ponzi schemes in Nigeria. These companies are not registered with the Central Bank...
Reps direct CBN to suspend increased ATM charges. Lawmakers say the policy worsens financial hardship and limits financial inclusion. They argue banks impose charges despite...
Wema Bank has filed a case with the Federal High Court in Lagos, seeking a preservative order that would obligate around 26 financial institutions to return...
The appointments, which cover key departments such as banking supervision, payment systems, and consumer protection, reflect the CBN’s commitment to strengthening its operations across various regulatory,...
The EFCC exposed an alleged scheme in which former CBN Governor, Emefiele allegedly conspired with Donatone Limited directors Uzeobo Anthony and Adebanjo Olurotimi to disguise illicit...
The training held in collaboration with the CBN brought together compliance officers, trade operations specialists, and correspondent banking teams from various financial institutions to discuss critical...
Supreme Court halts federal funds to Rivers over Assembly dispute. Court dismisses Governor Fubara’s challenge against Speaker Amaewhule. Rivers Assembly ordered to resume legislative functions immediately....
According to him, the CBN’s interventions are bringing the naira back to its appropriate level. “What is the fair value of the naira? When you do...