CBN

A Federal High Court sitting in Lagos has ordered the permanent forfeiture of $1,426,175.14 allegedly linked to fraudulent activities involving former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. The ruling, delivered by…
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The Central Bank of Nigeria (CBN) has appointed 16 new directors to head key departments. According to TechCabal, the directors’ appointments took effect on March 3. The appointments were said to have been made to bolster the apex…
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The absence of the 9th Defense Counsel, Chief Adegboyega Awomolo, SAN on Tuesday stalled the hearing in a suit seeking to stop statutory allocations to the 44 Local Government Councils of Kano State. The applicants in the suit are…
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The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a transparent and resilient financial system by reinforcing regulatory compliance and risk management across Nigerian financial institutions. Ms. Shola…
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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank's dedication to enhancing economic cooperation between Nigeria and the Kingdom of Saudi Arabia. During a courtesy visit to the CBN…
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday voted unanimously to retain the Monetary Policy Rate (MPR), which is the baseline lending rate, at 27.50 per cent. The MPC took the decision at the end…
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The Central Bank of Nigeria (CBN) has issued a directive to bank directors with non-performing insider-related loans to step down immediately while ordering banks to commence remediation of the loan default of the affected individuals…
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Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has advocated stronger economic ties with the Middle East and the Nigerian diaspora community in the region. Cardoso spoke on Monday at a meeting with Assistant Governor for…
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A Kano State High Court, on Monday, issued an order of perpetual injunction restraining the Central Bank of Nigeria (CBN) from withholding funds from the Federation Account to the 44 Local Governments of the state. The applicants are…
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Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, to use his “leadership position to immediately withdraw the patently unlawful, unfair, unreasonable and…
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