Tag: CBN
Industrial Court awards N50m in damages against First Bank Plc in favour of former employee
The Owerri Division of the National Industrial Court (NIC) has awarded N50 million in damages against First Bank Plc in favour of a former employee, C [...]
I have capacity to be president in 2027 – Seyi Makinde
Governor Seyi Makinde of Oyo State has declared that he possesses the capacity to lead Nigeria as President come 2027.
Makinde emphasised that [...]
Odo Ocheme, Adamu Abubakar, Imam Abubakar on the run after fraudulently obtaining $6.2m from CBN using letters from presidency, SGF
Justice Inyang Ekwo of the Federal High Court in Abuja has fixed November 3, 2025, for the arraignment of staff of the Central Bank of Nigeria, Odoh O [...]
Sterling bank indicted in money laundering, financial crime against Maiden Systems Ltd
The House Committee on Public Accounts is beaming its searchlight on the Central Bank of Nigeria (CBN) and Shell Petroleum over alleged money launderi [...]
‘FBN Holdings crisis may lead to collapse, regulatory takeover,’ Shareholders warn
A shareholders’ group has sounded the alarm over the ongoing crisis at FBN Holdings Plc, warning that unresolved governance and strategic disputes cou [...]
Dismissed employees of CBN drag apex bank to court, claim violation of contractual rights
A legal battle is brewing between the Central Bank of Nigeria (CBN) and its former employees, who were dismissed in a series of mass termination of ap [...]
Reps urge CBN to suspend retirement of 1,000 staff
The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the “planned” retirement of 1,000 staff.
The apex bank is said [...]
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 [...]