•Governor Siminalayi Fubara Justice Joyce Abdulmalik of the Federal High Court Abuja has stopped the Central Bank of Nigeria from further releasing monthly financial allocations to the Rivers State Government. Justice Abdulmalik held that the receipt and disbursement of monthly allocations since January this year by the Rivers State Governor, ...
•Senate The Senate today stripped the Central Bank of Nigeria (CBN) of powers to recommend candidates to the president for appointment as Managing Director/Chief Executive Officer and board members of the Nigerian Deposit Insurance Corporation (NDIC). Under the new arrangement, the Red Chamber amended the NDIC Act and gave the President powers...
•Old Naira notes The Central Bank of Nigeria (CBN) has dismissed reports suggesting that the old N200, N500, and N1,000 banknotes will cease to be legal tender on December 31, 2024. Although not particularly mentioned, but this reaction followed the demand by the House of Representatives yesterday which tasked CBN with the need to sensitise [&...
•Old Naira notes The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin the gradual withdrawal of old N200, N500, and N1,000 notes from circulation ahead of the December 31, 2024 deadline. During a plenary session today, lawmakers also urged the CBN to increase the issuance of the new banknotes […]
Justice Inyang Ekwo of the Federal High Court in Abuja has ordered the Central Bank of Nigeria to pay Kasmal International Services N579,130,698,440 with 10% interest per annum for its role in stamp duty collection. The interest will apply from January 1, 2015, to January 31, 2020, reports The PUNCH. Kasmal, through their lawyer Alex […...
The Central Bank of Nigeria (CBN) has announced the launch of the Electronic Foreign Exchange Matching System (EFEMS) for all foreign exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM). This is in a bid to enhance transparency, governance, and market-driven exchange rate operations, reports Nigerian Tribune. The new ...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria has further raised its Monetary Policy Rate(MPR) by 50 basis points to 27.25 per cent from 26.75 per cent. This was revealed by the CBN Governor, Olayemi Cardoso after the apex bank’s 297th Monetary Policy Committee meeting held on September 23 and 24 to review recent […]
The Central Bank of Nigeria (CBN) has commenced the process of appointing substantive directors to replace those who were relieved of their appointments, including some who retired about 11 months ago. An internal advertisement published by the apex bank, a copy of which was sighted by our correspondent, gave this hint, reports Daily Trust. In...
The Central Bank of Nigeria (CBN) has constituted a new board of directors for Keystone Bank Limited (the bank) as part of the strategy to strengthen the bank’s operations for sustained business growth. The apex bank also appointed two additional executive directors for the lender, reports Daily Trust. In a statement by the financial instituti...
•CBN Governor Yemi Cardoso and Senate The Central Bank of Nigeria (CBN) has decided to maintain its limit on Ways and Means Advances to the federal government at 5 per cent for the fiscal years 2024-2025, despite a recent bill passed by the National Assembly that proposed increasing this limit to 10 per cent. Ways […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
© 2026 The Frontier, Published by Okims Media Links Limited.
designed by winnet services
