CBN
The Central Bank of Nigeria on Thursday debunked rumours of naira scarcity in the country, amid reports that there is no sufficient cash circulation in some commercial banks nationwide. CBN in a statement by its spokesman, Isa AbdulMumin, blamed some customers for panic withdrawal using the Automated Teller Machines (ATMs). AbdulMumin, however, assured that the […]
Two separate bills demanding greater transparency in the operations of the Central Bank of Nigeria, CBN, passed second reading in the Senate on Wednesday. The first bill titled: Central Bank of Nigeria (Establishment Amendment) Bill 2023″ was sponsored by Senator Steve Karimi, is seeking to prevent a person occupying the office of Central Bank Governor […]
The federal government’s debt to the central bank of Nigeria through the ways and means advances fell to n4.36tn after most of it was restructured in June, 2023, Saturday NEWSMEN has learnt. The figure was according to the provisional data from the apex bank through its quarterly statistical bulletin for the second quarter of 2023. […]
The Senate, on Tuesday, warned President Bola Tinubu against illegal spending and advised him to seek a supplementary budget for its Compressed Natural Gas initiative. The Senate through its Committee on Gas, led by Senator Jarigbe Jarigbe, urged the executive arm of government to expeditiously present a 2023 Supplementary Budget to the National Assembly to […]
The new Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said he will prioritise clearing the apex bank’s backlog of unsettled foreign exchange obligations in the near term. He said this on Tuesday during the screening session of members of the Senate. Cardoso promises to enhance transparency, fix corporate governance, and ensure confidence […]
Human rights lawyer Femi Falana, SAN, has slammed the floating of the naira by the Central Bank of Nigeria. Falana also disclosed that he is challenging the decision to float the naira in court, noting that it is ‘illegal’. On June 14, when the naira was trading at a range of 730 to […]
The Central Bank of Nigeria has introduced a foreign exchange price verification system designed for importers to have access to forex. The apex bank in a statement from its Trade and Exchange Department on Thursday night, said a price verification report from the portal is now mandatory for all Form M requests while it […]
The Federal Government will on Thursday arraign suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and his associates for N6.9 billion procurement fraud at the Federal Capital Territory (FCT) High Court in Abuja. Emefiele will be arraigned alongside a female CBN employee, Sa’adatu Yaro and her company, April1616 Investment Limited on 20 charges of […]
The Central Bank of Nigeria has released the Consolidated Financial Statements for the last seven years, making it the first time since 2015 that the apex bank will be making its book available for public scrutiny. The Consolidated Financial Statements, which were released by the CBN, are for 2016, 2017, 2018, 2019, 2020, 2021 and […]
The Central Bank of Nigeria has said the country’s inflation rate is better compared to most African nations. The acting Governor of the CBN, Folashodun Shonubi, stated this on Tuesday at the 2023 Zenith Bank International Trade Seminar. Shonubi, who was represented by the Deputy Governor, Economic Policy at the CBN, Kingsley Obiorah, said there […]
