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Tag: Central Bank of Nigeria (CBN)
CBN lays off 200 staff in restructuring move
The Central Bank of Nigeria (CBN) has retrenched nearly 200 employees across various departments in a bank-wide restructuring exercise. The latest round of job cuts across several departments, including: Human…
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Binance Exit: Nigerians Seek Alternative Crypto Trading Platforms After
Following the exit of Binance from Nigeria, cryptocurrency traders are seeking other naira exchange platforms to carry out their trading. The Nation reported that Binance, on March, 5 announced plans…
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Economic Hardship: Be Patient, We’re Working Day And Night — CBN Tells Nigerians
The Central Bank of Nigeria has urged Nigerians to exercise patience as the bank's management is working diligently to strengthen the Naira. The CBN Governor said this at the 2024…
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High Expectations As CBN Injects $500m Into Forex Market
With Monday’s injection of $500 million into the Foreign Exchange (forex) market, the Central Bank of Nigeria (CBN) has reduced the $10 billion backlog of verified forex transactions by $2.5…
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Relocation of FAAN Depts to Lagos: Is this a wrong political move by BAT – Senator Ndume speaks
Senator Ali Ndume, yesterday warned President Bola Tinubu that there will be political consequences if he insists on moving some departments of the Central Bank of Nigeria (CBN) and the…
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ICPC reveals how N50 billion was recovered from Humanitarian Affairs Ministry, Umar-Farouk
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed how it recovered N50 billion from the Humanitarian Affairs and Poverty Alleviation Ministry while former Minister Sadiya Umar-Farouq…
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FX backlog: 31 banks receive tranche payment from CBN
According to information released by the Central Bank of Nigeria (CBN), 31 banks have received tranche payments from the CBN to settle outstanding foreign exchange forward obligations. In order to…
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UPDATE:Court grants Emefiele N300m bail
Mr. Godwin Emefiele, the arrested former governor of the Central Bank of Nigeria (CBN), has once again been granted bail by an Abuja high court, this time for N300 million.…
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Breaking: CBN says old naira notes are still legal tender
The old naira banknotes will continue to be accepted as legal cash, according to the Central Bank of Nigeria (CBN). The N200, N500, and N1,000 denominations were redesigned by the…
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