2 h. ago Naira gains as CBN accounts for 39.85% of dollar inflows in NFEM

The naira on Monday appreciated in the official foreign exchange (FX) market as the Central Bank of Nigeria (CBN) accounted read more Naira gains as CBN accounts for 39.85% of dollar inflows in NFEM

Politics

10 h. 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

15 h. ago CBN Manages Project Account On Behalf Of OAGF, Witness Tells Court In Trial Of Ex

A staff of the Central Bank of Nigeria (CBN), Okoroafor Chinyere, who is also one of the witnesses in the trial of the former Minister of Power, Saleh Mamman, has told Justice James Omotosho of the Federal High Court, sitting in Abuja, that the apex bank managed the project account on behalf of the Office […]

Politics

16 h. ago Five Nigerian banks make progress in recapitalisation efforts

Tribune Online Five Nigerian banks make progress in recapitalisation efforts FIVE major Nigerian banks have made progress in their recapitalization efforts, moving closer to meeting the Central Bank of Nigeria’s (CBN’s) minimum capital requirements. The banks have ramped up fundraising initiatives to strengthen their financial positions, boosting investor confidence and reinforcing stability in the banking sector. FirstHoldCo, the parent company of FirstBank, recently concluded its […] Five Nigerian banks make progress in recapitalisation efforts Tribune Online

Politics

16 h. ago N1.18trn worth of Nigerian Treasury Bills to mature this week

Tribune Online N1.18trn worth of Nigerian Treasury Bills to mature this week As CBN auctions N700bn NIGERIA’S financial landscape is set for a significant shake-up this week as N1.18 trillion worth of Nigerian Treasury Bills are scheduled to mature. This development comes on the heels of the Central Bank of Nigeria’s (CBN’s) decision to auction N700 billion worth of Treasury Bills at the next Primary Market Auction […] N1.18trn worth of Nigerian Treasury Bills to mature this week Tribune Online

Politics

20 h. 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

39 h. ago LivingTrust Mortgage Bank Gets CBN Approval To Appoint 8 New Directors

LivingTrust Mortgage Bank Plc has secured the approval of the Central Bank of Nigeria (CBN) to appoint eight professionals to its board, signaling a strategic move to strengthen leadership and drive the company’s growth agenda. In a notification addressed to the Nigerian Exchange Group Limited (NGX Group) and signed by Dr. Olumide Adedeji, the managing […]

Politics

5 d. ago ‘CBN’s bank recapitalisation, FX reforms to strengthen economy’

The financial services sector is expected to play a pivotal role in Nigeria’s journey towards achieving a $1 trillion economy read more ‘CBN’s bank recapitalisation, FX reforms to strengthen economy’

Politics

1 week ago Kano: Appeal Court halts reinstatement of Lamido Sanusi as Emir

From Godwin Tsa, Abuja The Court of Appeal sitting in Abuja stopped the reinstatement of the former Governor of Central Bank CBN, Sanusi Lamido as the Emir of Kano. The suspension by the appellate court is to await the judgment of the Supreme Court in the pending appeals over the Kano Emirate tussle. After resuming […] The post Kano: Appeal Court halts reinstatement of Lamido Sanusi as Emir appeared first on The Sun Nigeria.

Politics

1 week 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

1 week ago Halt ATM Charges Hike, Stoppage Of Free Interbank Withdrawals, Reps Tell CBN

The House of Representatives has asked the Central Bank of Nigeria (CBN) to immediately suspend the increase of Automated Teller Machine (ATM) transaction charges and stoppage of free ATM withdrawals for customers from other banks in the country. This followed the adoption of a motion on matters of urgent national importance moved by the member […]

Politics

1 week ago FG stays within legal borrowing limit, despite economic challenges —Bagudu

Tribune Online FG stays within legal borrowing limit, despite economic challenges —Bagudu Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, yesterday declared that the federal government has adhered to the legal borrowing limit of 5 percent from the Central Bank of Nigeria (CBN) despite challenges in the domestic and global economic environment. The minister said Nigerians are already appreciating the gains of key reforms so […] FG stays within legal borrowing limit, despite economic challenges —Bagudu Tribune Online

Politics

2 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

2 w. ago Again, Court Orders Final Forfeiture Of $1.4m Linked To Emefiele

Justice Ayokunle Faji of the Federal High Court in Lagos has ordered the final forfeiture of $1.4million linked to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to the federal government. The judge initially granted a final forfeiture order on June 24, 2024, but set it aside on June 27, 2024, […]

Politics

2 w. ago Cardoso sees national theatre unlocking $25bn in creative sector

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has described the ongoing renovation of the National Theatre in read more Cardoso sees national theatre unlocking $25bn in creative sector

Politics

2 w. ago CBN strengthens leadership with 16 new directors across departments

The Central Bank of Nigeria (CBN) has appointed 16 new directors to head key departments within the Bank, effective March read more CBN strengthens leadership with 16 new directors across departments

Politics

3 w. ago MPC: Ensuring Stability In Exchange Rates, Inflation Control

The first Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) in 2025 provided critical insights into the country’s economic direction. The CBN reaffirmed its commitment to ensuring stability in the foreign exchange (FX) market, achieving inflation moderation, and driving economic recovery through a well-coordinated monetary and fiscal policy approach. Over the […]

Politics

3 w. ago MPC’s bold pause: Pivoting Nigeria’s economy from stability to growth

Tribune Online MPC’s bold pause: Pivoting Nigeria’s economy from stability to growth IN recent years, Nigeria has embarked on comprehensive economic reforms to stabilise financial markets, achieve exchange rate convergence, and curb inflation. At the heart of these efforts is the Central Bank of Nigeria (CBN), working in synergy with fiscal authorities to foster macroeconomic stability and lay the groundwork for sustainable growth. In its efforts to […] MPC’s bold pause: Pivoting Nigeria’s economy from stability to growth Tribune Online

Politics

3 w. ago Customers groan as banks begin implementation of new ATM fees

Banks have commenced implementation of the new Automated Teller Machine (ATM) transaction fee charge on customers following the Central Bank of Nigeria (CBN’s) directive. The News Agency of Nigeria (NAN) correspondent who monitored some banks’ ATM gallery in Abuja and environs yesterday, reports that some customers were lamenting about the increase. All the banks’ ATMs […] The post Customers groan as banks begin implementation of new ATM fees appeared first on The Sun Nigeria.

Economics

3 w. ago Direct CBN to suspend implementation pending court verdict, SERAP tells Tinubu

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “direct Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) to suspend the implementation of the increase in Automated Teller Machine (ATM) transaction fees, pending the hearing and determination of the lawsuit before the Federal High Court, Lagos challenging the legality […] The post Direct CBN to suspend implementation pending court verdict, SERAP tells Tinubu appeared first on The Sun Nigeria.

Politics