
CBN - Central Bank Of Nigeria







According to First Bank of Nigeria Limited in a statement, recent allegations of fraud against the company are baseless and lack supporting evidence.

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The Central Bank of Nigeria (CBN) has slammed the N150 million penalty on banks found guilty of selling new naira banknotes to customers as cash scarcity worsens.

The Central Bank of Nigeria (CBN) has adjusted the Customs duty rates as the Nigeran currency improve in value In the Nigeria Foreign Exchange Market (NFEM).

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The CBN has denied reports that the N200, N500, and N1,000 banknotes from the previous series will no longer be recognized as legal money by December 31, 2024.

The Abuja Court of Appeal has vacated the order stopping allocations to Rivers state. This comes amid a lingering feud between Nyesom Wike and Sim Fubara.

The Lagos State Special Offences Court will rule on January 7, 2025, on an objection by ex-CBN Governor Godwin Emefiele and Henry Omoile in a $4.5bn fraud case.

In an attempt to have enough money to run their operations, point-of-sale operators have decided to buy cash from market vendors and petrol station workers.
CBN - Central Bank Of Nigeria
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