Browsing Tag
CBN
67 posts
Ikeja Court Admits Godwin Emefiele’s Statements as Evidence in $4.5bn Fraud Case
A court in Ikeja has cleared the way for the trial of former CBN Governor Godwin Emefiele by admitting his contested statements as evidence in a multi-billion dollar fraud case.
Central Bank Confirms N100 Note Status as Valid Currency
The Central Bank of Nigeria has confirmed that the standard N100 note remains valid tender following reports of businesses rejecting the currency.
Candid Oil Services Appointed as Official Pre-shipment Inspector for Nigerian Oil Exports
The Central Bank of Nigeria has appointed Candid Oil Services Limited as the pre-shipment inspection agent for oil exports, designating Taurus Oil and Gas Depot as its primary terminal.
Naira Gains Value Against Dollar Across Markets
The naira recorded gains in both the official and parallel markets as the exchange rate gap narrowed significantly.
Special Investigator Demands Trial for Buhari and Mustapha Over $6.23 Million CBN Scandal
Special Investigator Jim Obazee has called for the trial of former President Buhari and ex-SGF Boss Mustapha alongside Godwin Emefiele, alleging their involvement in a $6.23 million Central Bank of Nigeria fraud case.
Depositors face partial recovery as CBN shuts 46 microfinance banks
Bank Customers’ Association of Nigeria President Dr. Uju Ogunbunka warns that the revocation of 46 microfinance bank licenses will cause widespread financial hardship, incomplete deposit recovery, and a potential decline in national financial inclusion.
Federal Government Expands Domestic Debt Issuance by 241 Percent
The Central Bank of Nigeria plans to raise N5.8 trillion via Treasury Bills in Q3 2026, marking a 241 percent increase over the previous year.
EFCC witness testifies that Emefiele did not profit from $6.2m CBN fraud
A key witness in the EFCC case against former CBN Governor Godwin Emefiele has testified that the defendant did not personally benefit from the alleged $6.2 million fraud.
EFCC witness testifies that Emefiele did not gain from $6.2 million CBN theft
A police commissioner testifying for the EFCC confirmed that former CBN Governor Godwin Emefiele did not receive any share of the $6.2 million stolen from the apex bank.
Judge urges settlement in N98.5 billion patent infringement lawsuit
A Federal High Court in Lagos has directed parties in a N98.5 billion patent infringement case to attempt an out-of-court settlement before trial begins.