According to the CBN, the decision aims to strengthen corporate governance and improve risk management in the banking sector. To minimise financial risks, the apex bank instructed banks to take ...

CBN data showed that the naira fell to N1,530.15 per dollar on Monday, from N1,517.24 last Friday; this means a loss of N12.91 on the official market. Meanwhile, on the black market, the naira ...

According to a press statement from the CBN on Sunday, Cardoso made this known during a courtesy visit to the CBN headquarters by the Saudi Arabian Ambassador to Nigeria, Faisal bin Ibrahim ...

The Supreme Court has overturned a garnishee order issued against the Central Bank of Nigeria (CBN) in an attempt to recover a N50 million judgment debt against the Inspector General of Police ...

The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has urged Nigerians to defend the country’s recently revamped National Theatre, noting that the creative sector can fetch the ...

SERAP urged him to “ensure that the exercise of CBN statutory powers and functions does not inflict misery on poor Nigerians and contribute to human rights abuses.” The CBN recently announced ...

In apparent reflection of liquidity constraints in the interbank money market, banks’ borrowing from the Central Bank of Nigeria, CBN, rose by 171 percent month-on-month (MoM) to N24.81 ...

Although inflation remains a significant challenge, with consumer prices reaching 34.80 per cent in December, the Central Bank of Nigeria (CBN’s) aggressive tightening, which raised the monetary ...

The Central Bank of Nigeria (CBN) has ordered bank directors with non-performing insider-related loans to step down immediately as part of new measures to strengthen corporate governance and risk ...

Data from the Central Bank of Nigeria (CBN) website showed the Naira gained N6.57. This marks a 0.44 per cent increase compared to Thursday, Feb. 27, when it closed at N1,499.07 to the Dollar.

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit at the Federal High Court in Lagos, seeking to stop the Central Bank of Nigeria (CBN) from implementing the recent ...

A Kano State High Court has issued an order of perpetual injunction, preventing the Central Bank of Nigeria (CBN) from withholding funds from the Federation Account to the 44 local governments of the ...