Court Grants Emefiele 50 Million Naira Bail in Fraud Case
An Ikeja Special Offences Court on Friday admitted the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to bail…
CBN Raises Interest Rate From 18.75% to 22.75%
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from…
High Court Keeps Former CBN Governor Emefiele in Kuje Prison, Postpones Bail Decision
Emefiele will stay detained until the court’s decision on the bail motion, which is expected to be made on November…
The CBN Extends Validity For Old Naira Notes Indefinitely
According to the News Agency of Nigeria (NAN), in October 2022, the CBN redesigned the ₦200, ₦500, and ₦1,000 denominations….
CBN Calms Nigerians’ Fears, Confirms Old Naira Notes Remain Legal Tender
By Adeke Chukwuka Despite widespread rumors, the Central Bank of Nigeria (CBN) has confirmed that the old naira notes, such…
Court Adjourns Emefiele’s Case to January 25 Over $53 Million Debt
By Adeke Chukwuka A Federal High Court in Abuja has issued a statement, setting January 25 as the deadline for…
New CBN Governor Cardoso Vows to Boost GDP to $1 Trillion in 8 Years
The recently appointed Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, has revealed intentions to boost the nation’s gross…
2022 Budget: FG to Borrow 4.89tn
Due to diminishing revenue, Nigeria’s finance minister, Zainab Ahmed, has announced that the federal government wants to borrow around N4.89 trillion from both domestic and external sources to fund the deficit in its projected 2022 budget of N13.98 trillion.
CBN Freezes Risevest, Bamboo, Trove and Chaka Bank Account.
Central Bank of Nigeria has frozen the accounts of Risevest, Bamboo, Trove, and Chaka founders for the next six months.
Banks rally for Loans from CBN as Liquidity falls 2,800%
A lack of funds forced banks to move for loans from Central Bank of Nigeria (CBN), as the volume of idle cash (liquidity) in the interbank money market plummeted by 2,183 percent last week.
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‘Nigeria Will Become Major Global Economy Under Tinubu’ – Shettima
Vice President Kashim Shettima is confident that President Bola Tinubu will make Nigeria a significant economic force in the world. At the Commonwealth Enterprise Investment Council (CWEIC) delegation...15 hours ago
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