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No plan to convert $30bn in depositors domiciliary account to Naira – CBN, Edun

The Federal Government has denied the media report that it plans to convert the $30 billion in depositors’ domiciliary accounts to Naira. But the CBN...

Naira scarcity: CBN blames Banks, PoS operators for hoarding banknotes

The Central Bank of Nigeria, CBN, has cautioned Deposit Money Banks and Point-of-Sale operators against hoarding banknotes as the Naira scarcity persists a few...

Monetary reforms yielding positive results, says CBN

The Central Bank of Nigeria said that its monetary policy reforms are beginning to have positive effects on the country’s economy. Reacting to the...

CBN lifts forex ban on 43 items

The Central Bank of Nigeria has lifted the ban on importers of 43 items restricted from accessing foreign exchange on its official platform. It disclosed...

W’Bank warns CBN against FX control, direct lending, subsidy programs

The World Bank on Wednesday advised the Central Banks of Nigeria, Ethiopia, and Uganda to refrain from unconventional measures that might undermine their monetary...

Nigeria’s External Reserves Fall By $915m After Currency Float

Nigeria’s external reserves dropped by $915 million after the Central Bank of Nigeria officially floated the Naira and liberalised the foreign exchange market. Report from...

Sen. Shehu Sani the Revealed That CBN under Buhari Led Administration remain the most fraudulently

Shehu Sani reveals most fraudulent government institution under Buhari’s administration Senator Shehu Sani has revealed the most fraudulent institution of Government under the administration of...

Undocumented Diaspora Remittance Reason For Forex Crisis – CBN

The Central Bank of Nigeria says undocumented diaspora remittance is the reason for the continued fall in Naira in the foreign exchange market. Report has...

Tension Heightens Over CBN Interest Rate Hike Amid Hardship

Financial experts are not at ease with some of the economic policies of President Bola Ahmed Tinubu. From fuel subsidy removal to Naira floating and...

CBN Upgrades eNaira For Easy Transaction

The Central Bank of Nigeria (CBN) has upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the eNaira. The NFC feature...

Emefiele’s Arrest Propelled By Political Vendetta – Inibehe Effiong

A legal practitioner and social critic, Inibehe Effiong, has alleged that the Department of State Services, DSS, is a political tool in the hands...

Why We Placed Cameroon, Vietnam, Croatia On Watchlist – CBN

The Central Bank of Nigeria (CBN) has asked commercial banks and other financial institutions in the country to increase monitoring of transactions with businesses,...

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Former Kogi governor, Yahaya Bello is on the watchlist

The Federal Government has placed Yahaya Bello, the immediate-past governor of Kogi state on its watchlist. Security agencies in the country have been alerted and...

Soldier killings: Tears as Gov Diri visits troubled Bayelsa communities

It was a moment of tears as Bayelsa State Governor, Senator Douye Diri visited the troubled Igbomotoru communities of Southern Ijaw Local Government Area,...

CDA News updates you need to know Friday Morning

Good morning dear esteemed readers! Here is today’s summary from Nigerian Newspapers: 1. The Nigeria Immigration Service has placed former Kogi governor, Yahaya Bello on...

CDA News updates you need to know Friday Morning

Good morning dear esteemed readers! Here is today’s summary from Nigerian Newspapers: 1. The Nigeria Immigration Service has placed former Kogi governor, Yahaya Bello on...