Tag: CBN
Naira among worst performing currencies in Africa – World Bank
The World Bank says the naira is among the worst-performing currencies in sub-Saharan Africa in 2024.
In its regional economic outlook report ‘ [...]
Economist challenges Tinubu’s claims on N30trn debt clearance in Independencs Day speech
In his Independence Day speech, one of the things President Bola Ahmed Tinubu said among others is that his administration has cleared the N30 trillio [...]
FG tightens economic hardship on citizens as CBN increases interest rate to 27.25%
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, f [...]
What exactly is Yemi Cardoso doing at the CBN – Toni Kan
On September 22, 2024 Yemi Cardoso will mark one year in office as the governor of the Central Bank of Nigeria, CBN at a time of unprecedented economi [...]
CBN governor, Yemi Cardoso sacks board of NISRAL
In continuation of a series of layoffs at the Central Bank of Nigeria (CBN) since the governor of the apex bank, Olayemi Cardoso, assumed office last [...]
AMCON intensifies asset recovery efforts, enlists international asset tracers
In a bold move to recover outstanding debts of nearly N5 trillion, the Asset Management Corporation of Nigeria, AMCON, has announced plans to engage i [...]
CBN approves merger of Unity, Providus banks
The Central Bank of Nigeria, CBN has approved the merger of Providus Bank and Unity Bank.
The apex bank, in a statement signed by the acting Di [...]
Witness tells court how sacked CBN governor, Godwin Emefiele made contract payments to wife, inlaw
The Seventh Prosecution Witness, (PW7) in the trial of former governor of Central Bank of Nigeria, (CBN), Godwin Emefiele on Monday, June 24, 2024 tol [...]
First Bank confirms Alebiosu as CEO, Ini Ebong as deputy MD
First Bank of Nigeria (FBN) Limited has confirmed the appointment of Olusegun Alebiosu as its substantive managing director (MD) and chief executive o [...]
Abubakar, son of late Isa Funtua arrested for committing N28bn fraud
The Economic and Financial Crimes Commission, EFCC has confirmed that Abubakar Funtua, son of late Isa Funtua, a Federal Minister in the second Nigeri [...]