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Federal High Court blocks CBN from releasing funds to Rivers State

Justice Joyce Abdulmalik of the Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to stop releasing monthly financial allocations...

Jonathan discloses real cause of Sanusi’s removal from CBN

Former President Goodluck Jonathan has revealed that the suspension of Sanusi Lamido Sanusi from his position as governor of the Central Bank of Nigeria...

6 key reasons behind Providus Bank, Unity Bank’s merger

In a move set to reshape Nigeria's banking landscape, the Central Bank of Nigeria (CBN) has approved a groundbreaking merger between Providus Bank and...

CBN approves financial support for Unity Bank, Providus Bank merger

The Central Bank of Nigeria (CBN) has approved financial support to facilitate the proposed merger between Unity Bank Plc and Providus Bank Limited. This...

CBN sells dollars to BDC operators at N1450

The Central Bank of Nigeria (CBN) has sold dollars to eligible Bureau De Change (BDC) operators at the rate of N1450 per dollar. This announcement...

CBN Gov. links high interest rates to ₦27 trillion government loan

Yemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has attributed the rising high interest rates to the excessive ₦27 trillion loan facility...

Banks must accept old US dollar notes or face penalties, warns CBN

The Central Bank of Nigeria (CBN) has issued a stern warning to its regulated entities against the continued rejection of old series and lower...

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