Justice Halilu Yusuf of the Federal Capital Territory High Court on Monday granted ₦2 billion bail to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, following his arraignment on an eight-count charge. The charges include unlawful acquisition of a 753-unit housing estate, alleged theft, and control of billions of naira through proxy accounts. In…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, and the Minister of Finance, Wale Edun, have been summoned to appear before the Joint Committee on Public Accounts and Public Assets of the House of Representatives on Monday. This was disclosed in a joint statement released in Abuja on Saturday by the Chairman…
The Central Bank of Nigeria (CBN) has debunked a new report in circulation suggesting that the bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The Central Bank of Nigeria (CBN), through its Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, has dismissed recent reports…
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN), seeking a court order to compel the bank to disclose details of direct payments made to the 774 local government councils in Nigeria, including the specific amounts sent to each. This legal action follows a landmark Supreme…
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident Bank Verification Number (NRBVN) platform to serve Nigerians in the diaspora. Launched on Tuesday, this innovative digital gateway is expected to help the CBN achieve its target of $1 billion in monthly diaspora remittances, totaling approximately…
The Central Bank of Nigeria (CBN) has once again raised alarm over the continued spread of fraudulent offers falsely linked to the Bank, including fake contracts, loans, grants, and intervention funds. In a statement released on Monday by the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, the CBN warned that, despite a public…
The Central Bank of Nigeria (CBN) will review the documentation requirements for transactions conducted through the Pan-African Payment & Settlement System (PAPSS) in Nigeria. This initiative is part of CBN’s ongoing commitment to foster seamless intra-African trade, financial inclusion, and operational efficiency for Nigerians engaging in cross-border payments within Africa. In a circular dated April…
The Federal Capital Territory (FCT) High Court, in Abuja has dismissed an application filed by the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, seeking to reclaim a vast estate in the city comprising 753 duplexes and apartments which has already been forfeited to the governmentJustice Jude Onwuegbuzie ordered the final forfeiture…
The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market. The increase comes as global markets react to the shock of tariffs imposed by U.S. President Donald Trump. Recently, the U.S. president introduced a 14% import tariff on products from Nigeria, which has impacted…
The Central Bank of Nigeria (CBN) has disowned a circular claiming it has introduced two new denominations—N5,000 and N10,000 notes. The Central Bank of Nigeria (CBN) has dismissed a recent circular circulating on social media as “fake,” stating its official X (formerly Twitter) account. The counterfeit circular claimed that new N5,000 and N10,000 banknotes would…
