cbs

Presidency denies secret recruitments in CBN, FIRS

The Presidency has refuted any secret recruitment of children and close pals of government functionaries at the Central Bank of Nigeria, CBN, and the Federal Inland Revenue Service, FIRS. It also explained the reason behind the exclusion of the private sector

CBN makes clarification on alleged hacked website

The Central Bank of Nigeria has debunked reports that its website was hacked on Friday. CBN in a statement on its Twitter page on Friday maintained that contrary to reports, its website was safe. It urged Nigerians to avoid peddling fake news as its website

CBN Speaks on Scarcity of Naira Notes

The Central Bank of Nigeria (CBN) has explained why there are reports of the scarcity of naira notes in some parts of the country. Torizone reports that some northern states, including Borno State, are experiencing a scarcity of Naira notes weeks before the

BREAKING: Court Grants Former CBN Governor Bail

The court ordered that he should be released to his counsel and must be produced in court when needed. The Federal Capital Territory High Court has admitted the embattled former Central Bank Governor, Godwin Emefiele, to bail. The court ordered that he should

OPay clarifies new CBN directive, reassures customers

As a regulatory-compliant institution, OPay follows the rules set by the CBN and other regulators to ensure the financial system's integrity. To achieve this, we have closed non-compliant accounts, implemented strict security measures, and educated customers

Music: Pherowshuz - Na Devu Cos Am

Pherowshuz drops a dope joint this week called 'Devu 'Cos Am'. Phero The Great drops words of wisdom on this conceptual and spectacular track. This is another offering from Pherowshuz to his dedicated fan base. Enjoy.

CBN limits cash withdrawals to N100,000 weekly

The Central Bank of Nigeria, CBN, has issued a revised cash withdrawal policy, stating that cash withdrawals above N100,000 and N500,000 will henceforth attract 5 per cent and 10 per cent, respectively, as a measure towards implementing the naira redesign

Sharapova out of Rio as CAS delays doping decision

The Court of Arbitration for Sport said Monday it has put back its ruling on the two-year doping ban for Maria Sharapova for two months to September, ruling the tennis superstar out of the Rio Olympics. The 29-year-old Russian, one of the biggest names in

CBN Governor, Emefiele 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

BREAKING: Why we banned cryptocurrency in Nigeria - CBN

The Central Bank of Nigeria (CBN) has reacted to condemnations trailing the directive to Deposit Money Banks (DMBs) to desist from transacting in cryptocurrencies. In a statement on Sunday, Osita Nwanisobi, Acting Director, Corporate Communications, clarified

BREAKING: CBN Crashes Dollar Price, Sells at New Rate

The Central Bank of Nigeria has reduced the price of dollar to Naira in a latest move. The Apex Bank announced the sale of huge amount of dollars to Bureau De Change (BDC) operators who will in turn sell to individual buyers at a regulated price. The Central

CBN issues fresh guidelines on payments system

The Central Bank of Nigeria (CBN) on Thursday issued regulatory guidelines for the operation of Indirect Participants in the Payments System, with effect from Nov. 11. The apex bank made this known in a circular issued by CBN's Director, Payments System Management

CBN redesigns 200, 500, 1000 naira notes

The Central Bank of Nigeria (CBN) on Wednesday announced plans to redesign the 200, 500, and 1,000 naira notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. Emefiele said the redesign will take effect from Thursday

CBN Confirms evacuation of banknotes to DMBs

The Central Bank of Nigeria, CBN has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The CBN has also directed all commercial

CBN clarifies stand on illicit conversion of currency

The Central Bank of Nigeria (CBN) has clarified the statement made by the Governor, Godwin Emefiele, at Tuesday's post-Monetary Policy Committee (MPC) meeting briefing, warning bank customers against converting the naira to foreign exchange, for electioneering

Kano School dares CBN, receives fees in cryptocurrency

Despite the ban on cryptocurrency, the Central Bank of Nigeria (CBN), a private secondary school in Kano, New Oxford Science Academy, Chiranchi, on Thursday announced that it is accepting cryptocurrency as payment for school fees. Proprietor of the school,

President Tinubu Suspends Godwin Emefiele as CBN Governor

President Bola Tinubu has suspended Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele from office with immediate effect. This was contained in a statement on Friday evening by the Director of Information in the Office of the Secretary to the Government

CDS Speaks on Possibility of Coup Against Tinubu

The Chief of Defense Staff, General Christopher Musa has assured that the Nigerian Military would not execute a coup against the democratically elected government of President Bola Tinubu. According to him, members of the Armed Forces of Nigeria are satisfied