Browsing Tag
CBN
91 posts
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.
Analyst Highlights Regulatory Risks Following CBN License Withdrawal for 46 Microfinance Banks
The CBN has revoked the licenses of 46 microfinance banks for failing to meet regulatory standards, a move experts warn could lead to financial instability for local small business owners.
Nigerian Naira Gains Value Against Dollar
The Nigerian Naira strengthened against the dollar in both the official and parallel markets, although trading volume at the NFEM dropped significantly.
NDIC Appointed Liquidator for 46 Failed Microfinance Banks
Following the revocation of licenses for 46 microfinance banks by the CBN, the NDIC has stepped in to manage their liquidation and warned the public against illegal transactions with these failed institutions.
Presidency exposes fraudulent account setup by fake government official
The Presidency reports that Prince Adeniyi Adeyemi Matthew used forged documents to create a fraudulent CBN account while masquerading as the head of a non-existent government agency.
Central Bank of Nigeria cancels licenses of 46 microfinance banks
The Central Bank of Nigeria has revoked the licenses of 46 microfinance banks effective July 1 due to their failure to meet required regulatory standards and operational obligations.
Central Bank of Nigeria Withdraws Licences of 46 Microfinance Banks
The Central Bank of Nigeria has officially revoked the operational licences of 46 microfinance banks due to their failure to meet mandatory regulatory and financial requirements.