6 h. ago CBN Denies Purported Introduction Of N5,000, N10,000 Banknotes

The Central Bank of Nigeria has denied a viral claim circulating on social media, saying that it has introduced two new denomination, N5,000 and N10,000 notes. In a statement on Thursday, CBN described the report as fake. The purported Whatsapp message quoted one Deputy CBN Governor, Ibrahim Tahir Jr., saying that the move is aimed […] The post CBN Denies Purported Introduction Of N5,000, N10,000 Banknotes appeared first on Information Nigeria.

Politics

44 h. ago Foreign Reserve Hits $23bn, Highest In Over Three Years — CBN

Central Bank of Nigeria has announced the highest Net Foreign Exchange Reserve (NFER) position as of the end of 2024. In a statement by CBN on Tuesday, the report marked an increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021. The growth in reserves reflects a combination of […] The post Foreign Reserve Hits $23bn, Highest In Over Three Years — CBN appeared first on Information Nigeria.

Politics

51 h. ago CBN posts $23.11bn net FX reserve, strongest position in 3 years

From Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) has achieved its strongest foreign exchange reserve position in over three years, posting an impressive $23.11 billion in net reserves at the end of 2024. The development signals a robust recovery and enhanced financial stability for the country’s economy. It also reflects a substantial improvement […] The post CBN posts $23.11bn net FX reserve, strongest position in 3 years appeared first on The Sun Nigeria.

Politics

7 d. ago Cardoso champions gender equity as women hold 35% of CBN’s director positions

From Adanna Nnamani, Abuja In a landmark development for gender representation in Nigeria’s banking sector, the Central Bank of Nigeria (CBN) has disclosed that women now constitute 35 percent of its  directors and half of its Non-Executive Board. This, according to the apex bank, indicate  a strategic push towards gender-balanced leadership under Governor Olayemi Cardoso.  […] The post Cardoso champions gender equity as women hold 35% of CBN’s director positions appeared first on The Sun Nigeria.

Politics

9 d. ago Cardoso engages Harvard scholars on CBN’s intellectual, economic leadership

From Adanna Nnamani, Abuja The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the bank’s strong commitment to fostering intellectual engagement and advancing policy-driven solutions for sustainable economic growth. Cardoso stated this while hosting a delegation of scholars from the Harvard Kennedy School (HKS) as part of their Africa Trek, which included […] The post Cardoso engages Harvard scholars on CBN’s intellectual, economic leadership appeared first on The Sun Nigeria.

Politics

9 d. ago Cardoso engages Harvard scholars, reaffirms CBN’s role in intellectual, economic discourse

From Adanna Nnamani, Abuja   The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s commitment to fostering intellectual engagement and policy-driven solutions.     According to a statement from the apex bank, Cardoso made this remark while hosting a delegation of scholars from the Harvard Kennedy School (HKS) […] The post Cardoso engages Harvard scholars, reaffirms CBN’s role in intellectual, economic discourse appeared first on The Sun Nigeria.

Politics

1 week ago Ajaero warns governors against undermining court order on LG autonomy

NULGE inaugurates new leadership From Adanna Nnamani, Abuja The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has issued a strong warning to state governments against undermining the implementation of a Supreme Court judgment mandating local governments to establish accounts with the Central Bank of Nigeria (CBN) in order to receive their allocations directly. […] The post Ajaero warns governors against undermining court order on LG autonomy appeared first on The Sun Nigeria.

Events

1 week ago CBN: Harnessing innovation to unleash creative industry’s $25bn goldmine

By Uche Usim At a time the country is in dire need of foreign exchange to drive various developmental projects, the Central Bank of Nigeria (CBN) and the Bankers’ Committee’s are collaboratively championing innovation as a catalyst to unlock the immense potential of the country’s creative industry, valued at $25 billion. Using the fully revamped […] The post CBN: Harnessing innovation to unleash creative industry’s $25bn goldmine appeared first on The Sun Nigeria.

Politics

2 w. ago 4,794 land titles revocation: NNPC, CBN, NUC, NDDC others affected – FCDA

Urges those seeking reinstatement to write Wike Insists PDP owes N7.6m in ground rents From Juliana Taiwo-Obalonye, Abuja The Federal Capital Territory Administration (FCTA) has explained that among the 4,794 land titles revoked due to non-payment of ground rents were government institutions, private organisations, and individual property owners. It added that the outstanding debts had […] The post 4,794 land titles revocation: NNPC, CBN, NUC, NDDC others affected – FCDA appeared first on The Sun Nigeria.

Politics

3 w. ago CBN sells N678bn treasury bills, investor subscriptions hit N1.27trn

By Chinwendu Obienyi The Central Bank of Nigeria (CBN) sold N678 billion worth of Treasury bills (T-bills) in its latest auction, despite total investor subscriptions reaching N1.27 trillion, highlighting strong demand amid tight market liquidity. At the NTB PMA auction conducted by the Debt Management Office (DMO) recently, the yield spiked to 22.52 percent from […] The post CBN sells N678bn treasury bills, investor subscriptions hit N1.27trn appeared first on The Sun Nigeria.

Economics

3 w. ago Hardship: Reps Call For Immediate Suspension Of New CBN’s ATM Charges

House of Representatives has called on Central Bank of Nigeria to suspend the increment in Automated Teller Machine transaction charges due to economic hardship facing the country. INFORMATION NIGERIA reports that the development is coming, following a motion of urgent public importance, made by a member, of the house, Marcus Onobun on Tuesday. Onobun stressed […] The post Hardship: Reps Call For Immediate Suspension Of New CBN’s ATM Charges appeared first on Information Nigeria.

Politics

4 w. ago Court orders permanent forfeiture of $1.4M linked to ex CBN gov, Emefiele

From Lukman Olabiyi Justice Ayokunle Faji of the Federal High Court, Lagos, has ruled that $1.4 million tied to fraud involving former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, be permanently forfeited to the federal government. Delivering the judgment yesterday ,Justice Ayokunle Faji stated that the funds were proven to be proceeds of unlawful […] The post Court orders permanent forfeiture of $1.4M linked to ex CBN gov, Emefiele appeared first on The Sun Nigeria.

Politics