•Tinubu and Cardoso A rights group, Nigerian Unemployed Youth Vanguard, has asked President Bola Tinubu to immediately restructure the leadership of the Central Bank of Nigeria (CBN) while describing as unbearable, the harsh economic condition being inflicted on Nigerians by some policies of the apex bank. Addressing journalists in Abuja today...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) has issued a warning message to Nigeria and other West African nations regarding trends in borrowing practices. Traditionally, nations often relied on loans from the Paris Club, a group of creditor countries, reports The Nation. However, the CBN has observed a significant shift towar...
Three officials – two from Central Bank of Nigeria (CBN) and one from the Office of the Accountant-General of the Federation (OAGF) – have been quizzed over $3.4billion loan granted to Nigeria by the International Monetary Fund (IMF), which is allegedly. They were interrogated last week by the Independent Corrupt Practices and Other Related Of...
•CBN Governor Cardoso The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing to observe regulatory provisions. This was disclosed in a statement yesterday by the bank’s Acting Director, Corporate Communications, Sidi Ali Hakama. According to the apex bank, ...
The House of Representatives has mandated its committees on Power, Banking Regulations, Rural Electrification Agency, Housing and Habitat, to investigate the disbursement and use of funds under the National Mass Metering Program (NMMP) by the Central Bank of Nigeria (CBN) to the Licensed Electricity Distribution Companies (DISCOs). This follow...
•Urum Kalu-Eke One of the five nominees by President Bola Tinubu for appointment as members of the Board of Directors of the Central Bank of Nigeria (CBN), Urum Kalu-Eke, has declined the appointment. This is even as the Senate confirmed four other nominees for appointment as members of the Board of Directors of the CBN, […]
•CBN Governor, Olayemi Cardoso The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this yesterday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 20...
•Nigerian Senate The Senate today passed for second reading a bill seeking to amend the Central Bank of Nigeria (CBN) Act to provide for single non-renewal term of six years for the governor and the deputy governors of the apex bank. The bill, sponsored by Senator Mukhail Adetokunbo Abiru (APC, Lagos) and all the 41 […]
•Dollars The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN governor, Godwin Emefiele, stopped the sales of foreign exchange to BDC operators in that segment of the [&hellip...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has raised the Monetary Policy Rate(MPR) by four hundred basis points to 22.75 percent from 18.75 percent. Governor of the CBN Yemi Cardoso announced this after the first MPC meeting for the year in Abuja today, reports Channels TV. “All 12 […...
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