Tag: CBN
Christmas, cash scarcity and attacks on CBN’s proactive stance
By Toni Kan
Let us look at a few figures.
Nigeria’s population is put at a little over 200 million people while the UK population is...
CBN to fine banks N150m for facilitating mint naira trade
The Central Bank of Nigeria (CBN) has announced a N150 million fine for any bank branch found guilty of supplying mint naira notes to...
Mass retirement at CBN is voluntary – Spokesperson
The Central Bank of Nigeria (CBN) has reassured its employees and the public that the ongoing mass retirements within the bank are entirely voluntary...
Looking beyond CBN’s cocktail of policies to 2025
By Toni Kan
Six months ago, a friend I go on daily runs with took ill on a Monday evening. It was sudden and by...
CBN to launch redesigned website Monday
The Central Bank of Nigeria (CBN) has announced the launch of its newly redesigned website set to go live on Monday, December 2, 2024....
How I delivered $400,000 cash to Emefiele – Witness
A witness for the Economic and Financial Crimes Commission (EFCC) John Adetola testified on Thursday at the Lagos Special Offences Court in Ikeja, describing...
Reps to summon Cardoso, bank CEOs over unverified POS operators
The House of Representatives has resolved to invite CBN governor Olayemi Cardoso and the chief executive officers of commercial banks to propose solutions to...
CBN hikes interest rate to 27.5%
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has increased the country’s interest rate by 25 basis points.
This increase raises...
CBN’s renewed focus on diaspora remittances: What’s the big deal?
By Toni Kan
My friend Paul is Jamaican. He has a strong Jamaican twang that sometimes leaves me wondering what he is saying.
Paul and I...
$2m, Lekki, Ikoyi property linked to Emefiele forfeited to FG
A Federal High Court in Lagos has ordered the final forfeiture of $2.04 million linked to the former governor of the Central Bank of...