CBN
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Business
CBN Resolves Additional Verified Forex Liabilities, Releases $500 Million
In its determination to address the backlog of verified foreign exchange (forex) transactions, the Central Bank of Nigeria (CBN) has…
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Business
CBN Identifies Violations in FX Market Regulations, Prepares Sanctions for Offenders
The Central Bank of Nigeria (CBN) says an independent forensic review of the foreign exchange (FX) backlog revealed “grave infractions,…
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BREAKING
New Management Appointed for Dissolved Union, Keystone, and Polaris Banks by CBN
Hours after it announced the dissolution of the boards and managements of three banks yesterday, the Central Bank of Nigeria…
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Investigation
EFCC Investigates Dangote, BUA, and 50 Others for Forex Transactions with CBN
The Economic and Financial Crimes Commission EFCC had spread its investigations into over 50 firms allegedly involved in forex transactions…
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Investigation
CBN Special Investigator Reveals Emefiele’s Operation of 593 Unauthorized Accounts in the US, UK, and China
The former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank…
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Business
CBN probes banks, PoS operators over naira scarcity
The Central Bank of Nigeria (CBN) has warned banks and point of sale (PoS) operators against “hoarding” and “colluding” to…
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News
Naira Scarcity Sparks Lamentation as Emefiele Era Makes a Comeback
Nigerians have taken to various social media platforms to decry the rising level of the scarcity of the Naira. The…
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