FG declares CBN staff Odoh Ocheme, 2 others wanted over $6.2m fraud

The Federal Government announced the declaration of a Central Bank of Nigeria, CBN staff, Odoh Ocheme, and two others for allegedly forging former President Muhammadu Buhari’s signature to embezzle $6.2 million from the apex bank. former President Muhammadu Buhari In response, the…

CBN set to launch Naira stablecoins February 27

The Central Bank of Nigeria, CBN has approved the launch of the Nigerian naira cNGN, stablecoin. https://twitter.com/AS_Consortium/status/1743212418447069581?t=vOhsXkb-TFNpjLOX-3xxWw&s=19 Africa stablecoins consortium’s post on X The cNGN, according to the CBN, which will be launched on February, 27th 2024, is powered by the Africa…

CBN extends use of old Naira notes indefinitely

The Central Bank of Nigeria, CBN, has revised the deadline for the legal tender status of old N200, N500, and N1000 notes. Initially set for December 31, 2023, this deadline has now been removed indefinitely. CBN Logo This was confirmed in a…

‘We Have Sufficient Stock of Currency Notes’ – CBN

The Central Bank of Nigeria, CBN recently addressed concerns about the scarcity of the Naira, attributing it to high-volume withdrawals by Deposit Money Banks, DMBs and panic withdrawals from Automated Teller Machines, ATMs. Central Bank of Nigeria Headquarters, Abuja Despite the reassurance…

CBN releases new guidelines to checkmate forex trade BDC’s

The Central Bank of Nigeria, CBN, has on Friday, 18th August 2023, released a fresh operational guidelines for Bureau de Change, BDC, operators in the country. The guideline, has fixed the allowable limits by BDC’s at the Nigeria Foreign Exchange Market. The…

DSS condemns brawl with prison officials over Emefiele, orders probe

The Department of State Service, DSS, has condemned the incident involving its officials and personnel of the Nigerian Correctional Service, NCS, at the Federal High Court in Lagos. Operatives of the DSS and prison officials engaged in a brawl on the court…

Court grants Suspended CBN Governor, Emefiele, N20m bail

A Federal High Court sitting in Lagos has granted the suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, bail on Tuesday, 25th July, 2023. Justice Nicholas Oweibo granted Emefiele bail in the sum of 20 million Naira and a…

Suspended CBN Governor, Godwin Emefiele, arraigned by DSS, pleads not guilty to firearms charges

The suspended Central Bank of Nigeria, CBN Governor, Godwin Emefiele, has been arraigned before Justice Nicholas Oweibo at the Federal High Court sitting in Ikoyi, Lagos on 2 counts of illegal possession of firearms and ammunition on Tuesday, 25th July, 2023. Emefiele…