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Economy: CBN announces new recapitalisation for banks

The Central Bank of Nigeria (CBN) has announced plans to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs) in...

CBN: Rice, cement, poultry products, others not totally banned

The Central Bank of Nigeria (CBN) has clarified that the 43 items were never explicitly prohibited from importation or sale in Nigeria. The CBN Governor,...

Court sends Emefiele to Kuje prison

Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been remanded in Kuje correctional centre until November 22. Justice Hamza Muazu of...

CBN: Old naira notes remain legal tender indefinitely

The Central Bank of Nigeria (CBN) says the old naira notes will remain legal tender indefinitely. It would be recalled that the CBN redesigned N200,...

CBN, NBET, power firms owe NDPHC N180bn

The debt profile of Nigeria’s power system to the Niger Delta Power Holding Company (NDPHC) stands between N150 billion and N180 billion. Managing Director of...

Saudi govt to invest in Nigeria’s refineries, support CBN’s FX reforms

Saudi Arabian government has pledged to invest in the revamp of Nigeria’s refineries, as well as provide financial support to sustain the foreign exchange...

Old, new naira notes remain legal tender – CBN

The Central Bank of Nigeria (CBN) on Wednesday, November 8, 2023 declared that all old and new naira banknotes remain legal tender. The apex bank,...

Sanusi: CBN must drive down inflation rate

Former Emir of Kano and onetime Governor of the Central Bank of Nigeria (CBN), Muhammadu Sanusi, has expressed concerns at the nation's inflation rate. Sanusi...

Cardoso: I’ll make CBN impactful to Nigerians by curtailing inflation

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the CBN, under his leadership, will focus mainly on the core mandate of...

Reps summon CBN, DisCos over $321m, N18.2bn loans for electricity projects

The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DisCos) over the alleged...