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Nigeria President Picks Banker Cardoso As Next CBN Governor

 President Bola Tinubu has nominated the former head of Citibank in Nigeria, Olayemi Cardoso, to serve as the country's new central bank governor, days...

Emefiele: DSS didn’t break any law — Spokesperson

The Department of State Services has condemned the fight that ensued between its personnel and the officials of the Nigerian Correctional Service. The Department of...

Money laundering: CBN places Cameroon, Vietnam, Croatia on watchlist

The Central Bank of Nigeria has asked Deposit Money Banks and Other Financial Institutions in the country to increase monitoring of transactions with businesses...

CBN Lifts bound On $10k Deposit On Domiciliary Account

The Central Bank of Nigeria (CBN) has said cash deposits into domiciliary accounts will no longer be restricted, and customers “shall have unfettered and...

CBN Implements Measures to Unify Exchange Rates

In a significant development, Nigeria's central bank has taken steps to unify foreign exchange (FX) trading, resulting in the devaluation of the official Naira...

Head of Nigerian Central Bank detained by police

Police in Nigeria say they've detained the governor of the country's Central Bank during an investigation. On Friday, Nigeria's new president, Bola Tinubu, announced that...

BVN Remains Valid for Life, No Expiry Date – CBN

The Central Bank of Nigeria (CBN) has refuted claims suggesting that the Bank Verification Number (BVN) issued in Nigeria has an expiry date. The CBN's...

CBN assures the public it’s supplying more new notes to banks

The Central Bank of Nigeria (CBN) has addressed concerns over the disappearance of newly redesigned notes, stating that it is supplying more quantities of...

CBN To Close Millions Of Bank Accounts Without BVN

The Central Bank of Nigeria (CBN) has announced plans to close millions of bank accounts across various financial institutions that are not linked to...

E-naira wallet will address scarcity of cash – SA, CBN Governor

The Special Assistant on Payment to the Governor of the Central Bank, Mary Fasheitan said that usage of the digital naira called eNaira currency,...
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