Business
Anxiety as CBN sacks 50 more staff
A total of 50 staff of the Central Bank of Nigeria (CBN) were sacked on Monday, April 8 by the current management of the apex bank. This brings to 117 the total number of disengagements […]
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Business
CBN Sacks Another 40 Staff
The Central Bank of Nigeria (CBN) has continued with the disengagement of staff in furtherance of its ongoing restructuring as it sacked a fresh batch of 40 staff mostly from the development finance department (DFD). […]
Business
Foreign Airlines Dispute CBN’s Claim Of Settled FX Backlog
Against claims by the Central Bank of Nigeria (CBN) that it has successfully settled all outstanding foreign exchange (FX) obligations, foreign airlines say the status quo remains the same. Kingsley Nwokeoma, President, Association of Foreign […]
Business
N193 Billion Intervention Loans Declared Lost By CBN
A report by the Central Bank of Nigeria (CBN) has revealed that out of the total loans of N10.3 trillion disbursed as intervention, N193 billion has been declared lost and another N418.9 billion remains doubtful.According […]
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CBN staff, top bank executives accuse Jim Obazee of Intimidating them Even After Tenure Expiration
Top officials at the Central Bank of Nigeria, CBN, and other commercial banks have alleged witch-hunt and undue intimidation by Jim Obazee, the Special Investigator appointed by President Bola Tinubu to probe a former CBN […]
Business
CBN Stops Dollar Payments For Personal, Business Travel Allowances
The Central Bank of Nigeria (CBN) has announced a ban on the payment of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) by cash. The apex bank made this known in a circular dated […]
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Three Nigerians placed on INTERPOL Red Notice for forging Buhari’s signature to steal $6.2m from CBN
The Team of Special Investigator investigating massive fraud in the Central Bank of Nigeria (CBN) has written to the Inspector General of Police (IGP) to place three Nigerians on Interpol Red Notice for massive fraud […]
Business
Central Bank Raises Customs Duty Rate By 2.6%, 5th Time In 2024
Misery of Nigerian importers have continued to worsen as the Central Bank of Nigeria (CBN), on Wednesday, readjusted the Customs exchange rate from N1444.56/$1 to N1,481.482/$1. According to information gathered, the exchange rate was reviewed […]
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Ex-SGF, Boss Mustapha Exonerates Self, Buhari From Alleged $6.2m election observers fund
Immediate past Secretary to the Government of the Federation SGF, Boss Mustapha, on Tuesday exonerated himself and former President Muhammadu Buhari from the alleged fraudulent payment of $6.2 million to foreign election monitoring observers. He […]
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Buhari, Boss Mustapha, Emefiele told CBN to pay $6,230,000 to international election observers: EFCC Witness
A Former branch controller of the Central Bank of Nigeria, Ogau Onyeka Michael, has narrated how his former boss, Godwin Emefiele, asked the apex bank to illegally pay $6,230,000 to international election observers. In his […]