Following grievances from individuals, groups and cooperate organizations over the notice by the Central Bank of Nigeria, CBN, to deduct 0.5% from bank transactions, the House of Representatives have asked the apex bank to withdraw the circular. The bill which was sponsored by the house member representing Obio/Akpor Constituency, Kingsley Chinda said that the […]

  Access Holding PLC has announced the appointment of Ms. Bolaji Agbede as acting group chief executive officer. The announcement was made on Monday in a corporate filing of the Nigerian Stock Exchange. The Board of Directors in a statement said the appointment s subject to the Central Bank of Nigeria’s approval. “Further to its […]

  The Central Bank of Nigeria (CBN) has announced the disbursement of $61.64 million to foreign airlines through various Deposit Money Banks (DMBs).  Mrs Hakama Sidi-Alihis, the Acting Director of Cooperate Communications made this disclosure in Abuja on Sunday. This move aligns with the CBN’s commitment to clear all backlogs of pending matured foreign exchange […]

  Following the visit of the Economic and Financial Crimes Commission, EFCC, to Dangote’s group headquarters on January 4, 2024, the company has expressed readiness to assist the anti-graft agency in its investigations. The Group said it was cooperating with the commission which is investigating the possible misuse of foreign exchange from the central bank. […]

  Former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has been released from the custody of the Department of State Services (DSS). A reliable source told the Cable that Emefiele was taken into custody by the Economic and Financial Crimes Commission, (EFCC) immediately after his release from DSS. The former CBN boss […]

    The Central Bank of Nigeria has allowed commercial banks to freely trade foreign exchange at any rate This announcement is coming after the suspension of Godwin Emefiele the CBN governor. Details shortly.  

    The Central Bank of Nigeria, CBN, yesterday, reacted to reports that it planned to phase out the newly redesigned N1,000, N500 and N200 Naira notes. Dr. Isa AbdulMumim, Ag. The Director, Corporate Communications of the bank, yesterday, described the reports as “fake news.” While advising members of the public to ignore such reports, […]

      The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, the CBN spokesperson, announced the development in a statement on Monday. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law […]

  Kaduna State Governor, Nasiru El-Rufai has claimed that what President Muhammadu Buhari approved was different from what the Central Bank of Nigeria, CBN, did regarding the redesigning and swapping of the currency. In a statement titled: ‘Nigeria Update: ABC of Currency Redesign vs. XYZ of Cash Confiscation Explained’, the governor shared on Twitter, Sunday […]

  The Central Bank of Nigerian has debunked reports of her directing commercial banks to accept N500 and N1000 notes from Nigerians. This was issued in a press release by the apex bank shared on its official Twitter handle on Friday. The statement read: “The attention of the Central Bank of Nigeria has been drawn […]


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