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New banks minimum capital requirement will strengthen financial system – Expert

A financial expert, Prof. Uche Uwaleke, has commended the Central Bank of Nigeria (CBN) for raising the minimum capital requirement for Nigerian banks. Uwaleke, a...

CBN sells dollars to BDCs at N1,251/$1

The Central Bank of Nigeria (CBN) has sold dollars to Bureau De Change operators at the rate of N1,251/$1. According to a statement issued by the apex...

Emefiele weeps as court adjourns arraignment case

The suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, wept in Court on Thursday after the High Court of the Federal Capital Territory...

Dollar crashes after Tinubu, CBN governor’s meeting 

The dollar crashed to between N805 and N790 at the parallel exchange market on Tuesday, according to a Daily Trust report. It started a steady...

CBN moves to stabilize naira against dollar

The Central Bank of Nigeria, CBN is planning new measures to check the deteriorating value of naira in the foreign exchange market. These measures are...

Godwin Emefiele: Dramatic downfall of top banker captivates Nigeria

Nigeria's once-powerful central bank chief has been charged with illegally owning a shotgun and hundreds of cartridges, marking a spectacular fall for a man...

Court orders Emefiele’s release from DSS custody

In a significant turn of events, a recent court ruling has nullified the arrest, detention, and interrogation of the suspended Governor of the Central...

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