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CBN suspends officials allegedly involved in fraud
The Acting Director, Corporate Communications, of the apex bank, Isaac Okorafor made the disclosure on Thursday night. Okorafor explained...
Naira decline: There is $20bn lying idle in some domiciliary accounts – Deputy CBN Governor
Disclosing this during an interactive session organised by the Joint National Assembly Committee on Appropriation with government...
Unidentified gunmen kidnap 91-year-old former CBN Director, Ogedegbe
The 91-year-old Ogedegbe was abducted on Sunday at St. Michael’s Anglican Church in Emevor, Isoko North Local Government Area of Delta...
How CBN compelled banks to refund N6.2bn illegal charges in 2015
This is contained in a statement made available by the Director, Corporate Communications, CBN, Mr Ibrahim Mu’azu in Abuja on Saturday....
CBN, commercial banks to create solid minerals desk – Fayemi
Fayemi disclosed this at the budget defence of his ministry, while responding to question by a member of the Senate Committee on Solid...
CBN to stop releasing forex for medicals bills, schooling
This was as it noted that medical bills and school fees constituted as much as 15 percent of Nigeria’s forex demand. Disclosing this...
CBN restriction of Forex on imported goods has come to stay – Saraki
Saraki, while responding to a request by the Tomato Sub-Sectoral Group of the Manufacturers Association of Nigeria (MAN), seeking his...
Naira hits all time low, now N310 to dollar
The Nigerian currency traded at N307 at the close of market on Thursday, showing a depreciation of one per cent. However, it maintained...
CBN agrees 5% lending rate to farmers – Ogbeh
Audu Ogbeh The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said the Central Bank of Nigeria (CBN) had agreed to five...
CBN forecloses naira devaluation, to lower interest rates
The CBN Governor, Mr Godwin Emefiele explained after the MPC meeting that interest rates would be lowered to ease liquidity in the...
Current accounts holders to pay N1 on every N1,000 transaction – CBN
This was contained in a circular signed by the Director of Financial Policy and Regulation of CBN, Kevin Amugo and addressed to...
N50 stamp duty: Salary accounts, self-to-self transactions exempted – CBN
DAILY POST recalls that the Federal Government had on Tuesday, imposed stamp duty of N50 on bank customers for money received into their...
Forex saga: Go after illegal Bureau De Change operators – Group tells CBN
This was disclosed at the end of a national delegate meeting of the Association of Bureau De Change Operators of Nigeria (ABCON) held in...
CBN will no longer sell forex to BDCs – Emefiele
The CBN Governor, Mr Godwin Emefiele, announced this at a news conference on Monday in Abuja. He said that the apex bank’s decision was...
Senate urges CBN to relax forex policy
He gave this charge during a meeting with the Managing Director of the International Monetary Fund, IMF, Christine Lagarde, disclosing...
Lagarde holds talks with CBN Governor, bank MDs
The meeting, which held at the CBN headquarters in Abuja, was reportedly used to discuss issues relating to the development of the...
CBN Governor promises robust economy, stable currency in 2016
Emefeile made the remark at an Interactive Session with Media Editors in Abuja. He declined to give details of the measures and...
Forex crisis hit Diamond Bank, stops use of Naira card in Dubai, China, others
The current crisis in foreign exchange has taken toll on Diamond Bank. Indication of this became apparent as the bank just announced a...
CBN sources reveal how it operated accounts for Dasuki, other government agencies
Explaining how the CBN works, they stated that when a payment mandate (being instrument to withdraw money) is issued by a client, which...
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