A businessman, known as AIS_Savita on an X post on Tuesday, lodged a complaint against Moniepoint Microfinance Bank, alleging the…
CBN reduces banks’ LDR to 50%
The Central Bank of Nigeria has announced a review of the loan-to-deposit ratio (LDR) for banks, from 65 percent to…
Alleged $4.5bn Fraud: Court Grants Emefiele N50m Bail
Justice Rahman Oshodi on Friday granted the embattled former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele bail…
JUST IN: CBN sells $10,000 to BDC operators at N1,101/$
The Central Bank of Nigeria (CBN) has announced it will once again sell dollars to bureau de change operators. This…
BREAKING: Court remands Emefiele in EFCC custody
• pleaded not guilty to 23 counts Justice Rahman Oshodi of the Ikeja Special Offences Court on Monday remanded former…
Nigeria’s FX reserve dips by $1.02 billion in 18 days on CBN’s naira defence
Nigeria’s foreign exchange (FX) reserve has experienced a sharp decline of about $1.02 billion within 18 days, as the Central…
Bank recapitalisation: CBN moves to check illicit funds, partners security agencies
The Central Bank of Nigeria (CBN) is set to closely oversee the recapitalization efforts within the Nigerian banking sector, in…
Fresh Hurdles For Banks As CBN Raises Capital Requirement To N500bn, N200bn
Banks in the country face the fresh hurdle to raise their minimum capital requirements to N500 billion and N200 billion…
CBN sells dollars to BDCs at N1,251/$1
The Central Bank of Nigeria on Monday disclosed that it sold $10,000 to each Bureau De Change operators at a…
Disquiet In CBN As Cardoso Retires ‘Emefiele’s Directors’
Barring any last minute changes, at least eight directors at the Central Bank of Nigeria (CBN) would be served early…