Search results for Cbn Governor

CBN won’t go back to interventions that distort the market anymore — CBN governor Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has cautioned against renewed pressure on the apex b

BREAKING: CBN Keeps Rates Steady at 26.5% Despite Inflation Pressure

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, maintaining the benchmark interest rate at its...

Emefiele approved $6.23m payment to foreign election observers, Police Commissioner confirms

Commissioner of Police, Eloho E. Ekpoziakpho, testified before the Federal Capital Territory (FCT) High Court in Maitama, Abuja, confirming that former Central Bank of Nigeria (CBN...

Cardoso: Global Shocks Not Slowing Nigeria’s Push for Resilience, Single-digit Inflation Target

*Says data-driven MPC stance on rates vindicated  *Edun: Reforms strengthen economy’s ability to withstand global shocks Eromosele Abiodun and Nume Ekeghe in Washington DC The Gove...

Senate Confirms Lamido Yuguda as CBN Deputy Governor, Hails Tinubu’s Choice

The Senate on Wednesday confirmed the appointment of Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), describing him as “a square peg in a square hole.” The c...

How our policies saved Nigeria from economic disaster — CBN deputy governor

CBN Deputy Governor Emem Usoro explains how the bank’s ongoing reforms and policies have saved Nigeria’s economy from disaster, ensuring stability and grow Read More: https://punc...

“Emefiele used forged signature of Buhari, $6.23 billion was unlawfully moved from the apex bank under the p...

The trial of former Central Bank of Nigeria Governor, Godwin Emefiele, took a dramatic turn on Monday, April 27, after a

CBN Stands Firm as Fiscal Risks Mount

Behind the CBN’s calm rate pause lies rising fear over inflation, political spending, and economic stability, writes Festus Akanbi The Central Bank of Nigeria’s (CBN) decision to r...

Senate Confirms Yuguda’s CBN Appointment, Hails Tinubu’s Choice

• Nominee cleared without questioning, described as “square peg in square hole” Sunday Aborisade in Abuja The Senate on Wednesday confirmed the appointment of Mr. Lamido Abubakar Y...

CBN retains interest rate at 26.5%

The decision comes after the central bank earlier reduced the Monetary Policy Rate (MPR) by 50 basis points in February, bringing it down from 27 per cent, a level it had held stea...

Strengthen governance or face regulatory action, CBN warns banks’ directors

By Babajide Komolafe Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday warned bank directors and industry leaders to strengthen corporate governance or...

Soludo Appoints Finance Lawyer Anambra Investment Corporation’s Pioneer CEO

The Governor of Anambra State, Prof. Chukwuma Soludo, has announced Nwabunwanne Okonkwo as the Chief Executive Officer of the newly established Anambra State Development and Invest...

CBN Holds Back on More Rate Cuts Amid Global Inflation Fears

Nigeria’s Central Bank is slowing down plans for further interest rate reductions as global inflation concerns and economic uncertainty continue to shape monetary policy decisions....

CBN Raises N5.63 Trillion as Investors Rush High-Yield OMO Bills

The Central Bank of Nigeria intensified its liquidity control efforts in May after attracting massive investor interest in Open Market Operations bills, with total sales hitting N5...

“We’ve arrested fake pastors and bishops. Whoever wants to perform miracle should come to Amaku...

Governor Charles Soludo has announced that his administration has commenced a rigorous crackdown on fake pastors and proph

Court affirms CBN’s sole ownership of eNaira platform

Why CBN Is Engaging Virtual Asset Firms

   Nume Ekeghe writes on the Central Bank of Nigeria’s quiet but strategic engagement with virtual asset service providers, and how the move is aimed at strengthening financial sys...

Redesigned currency notes produced by CBN different from what Buhari approved – Witness

Mr Emefiele faces four charges, including illegal redesign of naira notes, disobedience to the direction of law, and illegal act causing injury to the public. The post Redesigned c...

Emefiele Trial: Defence Seeks Exclusion of Omoile’s Statement, Alleges Coercion, Breach of Procedure

Wale Igbintade  An Ikeja Special Offences Court has been urged by former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and his co-defendant, Henry Omoile, to reject an e...

Cyber Alert: Central Bank of Nigeria Warns Nigerians Over Surge in Fake Emails Targeting Bank Accounts

The Central Bank of Nigeria (CBN) has raised alarm over a growing wave of fraudulent emails, messages, and online communications designed to deceive Nigerians and compromise person...

CBN: Union, Keystone, Polaris Banks Will Meet Capital Threshold, Actively Raising Funds

• Urges customers not to fret, continue regular transactions  •Apex bank sets up payments committee to fast-track industry reforms  •NCC, NDIC, SEC are key committee members Nume E...

Emefiele: Court fixes May 4 for ruling on admissibility of statement

Emefiele is standing trial on a 19-count charge bordering on alleged gratification, corrupt demands, and abuse of office linked to large-scale financial transactions.

CBN says Nigeria’s foreign exchange turnover rises above $400m daily

According to Mr Cardoso, the apex bank recorded an average daily turnover of about $100 million in late 2023 when he assumed office, but the figure has now increased significantly...

Emefiele: Buhari Approved Local Production of New Naira Notes, Witness Tells Court

Alex Enumah in Abuja A prosecution witness, Mr Chinedu Emere Eneanya, has confirmed that former President Muhammadu Buhari, gave his approval for the local production of the redesi...