Naira: Over 4,000 BDCs Lose Licences In CBN Crackdown
The battle to shore up the value of the Naira and clean up the financial system continued on Friday with the Central Bank of Nigeria (CBN) revoking the operating licences…
JUST IN: South-East Nominee Rejects Tinubu’s Appointment
A nominee for membership of the Central Bank of Nigeria Board of Directors, Urum Kalu Eke has declined the offer stating that he was currently engaged in the World Bank.…
Senate Targets Six-Year Single Tenure For CBN Govs, Limits Ways, Means Borrowing
The Senate on Tuesday proposed a six-year single term for the Governor and Deputy Governors of the Central Bank of Nigeria (CBN). The Red Chamber also sought to limit amount…
Reps Threaten CBN Gov’s Arrest Over REMITA Leakages
The House of Representatives Public Accounts Committee, on Tuesday, summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to unfailingly appear before it on March 5, 2024 over…
Interest Rate Hike: Private Sector, Economists Foresee Fresh Job Losses, Recession
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent. The MPR…
Interest Rate High Again: CBN Raises Interest Rate To 22.75%
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75%. The CBN Governor, Olayemi Cardoso, disclosed…
Hardship: I’m Not Responsible For Nigeria’s Economic Woes – CBN Gov, Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has distanced himself from the economic woes Nigerians are currently experiencing. Cardoso said he and his team are not…
JUST IN: CBN Resumes Sale Of Dollars To BDC Operators
The Central Bank of Nigeria (CBN) has commenced the sale of dollars to Bureau De Change (BDC). This was announced in a statement signed by Dr Hassan Mahmud, CBN’s Director…
Senate To Probe Buhari Govt, Emefiele Over N30tn CBN Loans
The Senate on Tuesday resolved to probe how the N30tn Ways and Means loans of the Central Bank of Nigeria was obtained and spent by the administration of former President…
Atiku’s Solution Will Return Nigeria To Emefiele Era Says Presidency
The Presidency says a controlled floatation of the naira to prevent further devaluation would only return Nigeria to the economic regime of the embattled former Governor of the Central Bank…