cbs

"Parents don't have money" - Brilliant boy who scored 9As in WAEC, 7As, 2Bs in NECO seeks help to further education

A concerned Nigerian, @iamowolewa, took to his X (formerly Twitter) page to seek help for Adeshina Shalom Ololade, a young Nigerian boy who is unable to further his education despite having scored 9As in WAEC and 7As, and 2Bs in NECO. According to @iamowolewa

BREAKING: CBN takes over Skye bank

The Central Bank of Nigeria, CBN, has taken over one of the nation's commercial banks, Skye Bank pending when a buyer is found. This was after it dissolved the Board of the financial institution. New Telegraph reports that the CBN took the decision as Skye

CBN Devalues Naira, Bank Rate Now 630/$1

The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window the previous day, Daily Trust gathered. The devaluation came 48 hours after President Bola Ahmed Tinubu announced

CBN: 'Emefiele currently not with us' - DSS

The Department of State Services, DSS, has said the suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele is currently not under its custody. Reports of Emefiele's arrest had emerged shortly after he was suspended by President Bola Tinubu

Just In: CBN extends deadline for naira swap

The Central Bank of Nigeria, CBN, on Sunday extended the deadline for the exchange of old naira notes. Godwin Emefiele, the CBN governor, extended the date by 10 days. In a press statement issued on Sunday, Emefiele said the new deadline is now February 10

CBN directs banks to sell forex to BDCs

The Central Bank of Nigeria has directed agent banks to approved international money transfer operators to sell foreign currency accruing from inward money remittances to licenced Bureau De Change operators. The directive is in a circular with reference number

CBN Governor Emerges President Of African Central Banks

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been elected as the President of the Association of African Central Banks (AACB). Emefiele, who was elected at the 39th Ordinary meeting of the Assembly of Governors of the AACB, will

CBN Loans To FG Hits N25 Trillion

So far, the Central Bank of Nigeria (CBN) has loaned out the sum of N25.36 trillion to the Federal Government. The reported figure was reached following N1.83tn the federal government borrowed from the apex bank in March 2023 through Ways and Means Advances

Yemi Cardoso assumes duty as acting CBN Governor

Dr Olayemi Cardoso has assumed duty as acting Governor of the Central Bank of Nigeria. Cardoso has assumed duty in acting capacities following the resignation of Godwin Emefiele. President Bola Ahmed Tinubu recently nominated his longtime ally as the new substantive

EXCLUSIVE: DSS to handover Ex-CBN Boss, Emefiele

Barring any last-minute changes, the Department of State Security Services, DSS is set to release the embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele. According to Sources in the Presidency and the Ministry of Justice, Emefiele will

IGP redeploys 14 AIGs, 26 CPs [FULL LIST]

The Inspector-General of Police, Kayode Egbetokun, has ordered the posting and redeployment of 40 senior police officers, comprising 14 Assistant Inspectors General of Police and 26 Commissioners of Police. They were posted to various commands and formations

CBN: Nigerian government borrowing too much

The Central Bank of Nigeria, CBN, has expressed concern over the borrowing attitude of government, saying the pace has exceeded the target for the 2017 fiscal year. The CBN said this at its Monetary Policy Committee, MPC, second quarter 2017 meeting. The MPC

Senate backs CBN on naira redesign

The proposed Naira redesign by the Central Bank of Nigeria has gotten the support of the senate. At plenary on Wednesday, November 16, the senate resolved to provide the legislative support for the policy of the Central Bank of Nigeria (CBN) to redesign the

CBN sacks 5 directors [Full List]

Five directors of the Central Bank of Nigeria (CBN) have reportedly been sacked. According to Newsmen, the sack kicks off the reorganization process at the apex bank. Reliable sources familiar with the internal workings of the bank told Torizone that the affected

Naira Recovers Value After CBN Update

After the central bank refuted a widely circulated claim about currency redenomination, the Nigerian naira partially recovered from the significant daily loss it had suffered earlier in the week. The Nigerian Naira strengthened 17.96% to close at N815.32 on

CBN issues new directive to banks

The Central Bank of Nigeria (CBN) has directed banks to raise the quality of their products and services to attract more people into the financial system. CBN Governor, Olayemi Cardoso, disclosed this at the release of the 2023 EFInA Access to Finance (A2F

Meet acting CBN Governor, Folashodun Shonubi

Folashodun Adebisi Shonubi is now the acting Governor, Central Bank of Nigeria (CBN). Shonubi was born on the 7th of March, 1962. He attended the University of Lagos from 1978 to 1983 and obtained a Bachelor of Science in Mechanical Engineering. Thereafter

WAEC to introduce CBT for WASSCE

The West African Examinations Council (WAEC) has said it has plans to introduce the Computer Based Test (CBT) mode in the administration of its examinations. Mr Patrick Areghan, WAEC's Head of National Office (HNO), gave a hint in an interview with NAN on