CBN to freeze bank accounts without BVN, NIN from March 2024

The Central Bank of Nigeria, CBN, has disclosed that accounts without a bank verification number, BVN,…

Supreme Court approves indefinite use of old, new banknotes

The Supreme Court has approved that both the old and the redesigned Naira banknotes remain valid…

SERAP urges World Bank to suspend loans to States over misspending 

The Socio-Economic Rights and Accountability Project, SERAP, has urged the World Bank President, Mr Ajay Banga,…

CBN to increase Capital Base of Banks

The Central Bank of Nigeria , CBN, has disclosed plans to increase the capital base of…

FCT High Court grants former CBN Governor, Godwin Emefiele bail

In a recent development, a Federal Capital Territory High Court in Abuja has granted bail to…

CBN postpones MPC meeting amidst rising inflation

The Central Bank of Nigeria ,CBN, has announced the postponement of its Monetary Policy Committee ,MPC,…

CBN extends validity of old naira notes indefinitely

The old naira notes’ validity has been indefinitely extended by the Central Bank of Nigeria, or…

Federal Government moves to check excessive borrowing by States

In a move to curb excessive borrowing by state governments from banks and the capital market,…

CBN affirms legal tender status of old and new naira notes

The Central Bank of Nigeria ,CBN, has instructed all its branches nationwide to continue issuing various…

Court grants Emefiele bail after 151 days in detention

An Abuja High Court, sitting at Maitama, has granted bail to the detained  former Governor of…