A Federal High Court in Abuja has ordered the Governor of Central Bank of Nigeria (CBN) Godwin Emefiele to appear before it on July 19 over a 53 million dollar-judgment debt arising from the Pars Club refund. Justice Inyang Ekwo, who gave the order during the hearing of the suit insisted that the ...

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window.TML reports that the apex bank debunked the report via its official Twitter handle. Furthermore, a top official of the apex bank, who told this ...

Contrary to information flowing in the social media that the Bank Verification which was introduced into the Nigerian banking industry in 2014 is set to expire next year, the Central Bank of Nigeria has said it has no expiry date. Videos surfaced on various social media platforms on Wednesday, saying that those who enrolled for ...

    Some Nigerians are currently protesting at the headquarters of Central Bank of Nigeria (CBN) to demand the resignation and arrest of the CBN Governor, Godwin Emefiele over the failed new naira notes policy. The protesters wielding placards were sighted at the premises of the apex bank, who noted that Emefiele had inflicted undue ...

    As many Nigerians continue to count monumental losses as a result of the Central Bank of Nigeria’s Naira redesign policy, which Nigerians claim has disrupted lives, business activities and threatened the survival of SMEs, this report explores the feasibility of legal remedies to compensate for their losses. For weeks, cash crunch, arising from ...

    The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 banknotes remain legal tender till December 31, 2023. The apex bank’s Acting Director of Corporate Communications, Isa AbdulMumin disclosed this in a statement on Monday. This is coming 10 days after the Supreme Court ruled that old naira notes should ...

Over the weekend, the Independent National Electoral Commission (INEC) decided to extend the deadline for the collection of Permanent Voters Cards (popularly known as PVCs) by an additional week. The PVC collection that was scheduled to end on January 29, was extended till February 5, according to a statement by the INEC National Commissioner in ...

The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10. CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday. Details to follow shortly.

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has appealed against the judgment of a Federal High Court, Abuja, which compelled him to appear before the court in a $53 million judgment debt suit. Justice Inyang Ekwo of the trial court had in a ruling last year, summoned the CBN governor ...

A former Attorney General and Minister of Justice, Prince Adetokunbo Kayode, and five other Senior Advocates of Nigeria have warned the Department of State Services (DSS) against disrespecting court orders which prevented it from arresting the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, over allegations of terrorism financing and economic crimes. ...

The Central Bank of Nigeria (CBN) urged commercial banks in the country to comply with the directive of loading the newly redesigned naira notes in their Automated Teller Machines (ATMs). CBN Director, Currency Operations, Mr Ahmed Umar, stated this in Abuja on Monday, Jan. 9. Umar, who spoke at the Training Session for State Directors, ...

Among the reasons given by the Central Bank of Nigeria governor, Mr. Godwin Emefiele, for the redesigning of the ₦200, ₦500 and ₦1000 notes is that there is some ₦3.2 trillion in circulation out of which 2.7 trillion is outside the banking system. The assumption is that those stupendous amounts outside could be proceeds of ...

  The Central Bank of Nigeria has reemphasised the need for Nigerians to handle the new naira notes with dignity as strict consequences await those mishandling the currency. Speaking at a sensitisation, enlightenment and bank fair programme held in Osogbo, Osun state on Thursday, ahead of the introduction of the redesign notes, the CBN’s Director ...

The Central Bank of Nigeria (CBN) has on Saturday, refuted rumours that it planned to replace the Naira notes in circulation with digital currency, otherwise known as the eNaira, in due course. The apex bank, through its CBN Director, Corporate Communications Department, Mr Osita Nwanisobi, said the statement released, supposedly during the stakeholders’ engagement on ...

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), on Monday, withdrew the suit he filed against the Independent National Electoral Commission (INEC) and the Attorney-General of the Federation over his presidential ambition. Emefiele, through his counsel, S.T. Maliki, told Justice Ahmed Mohammed that a notice of discontinuance had been filed and served on the ...

The Central Bank of Nigeria has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, other Financial Institutions and Non-Bank Financial Institutions. Punch reports that this was confirmed in a circular released on Friday by the apex bank’s Director, Financial Policy and Regulation Department, Chibuzor Efobi, ...