Staff Severance, Other Expenses Gulp N306bn - CBN
The Central Bank of Nigeria has revealed that it spent N306.63bn to offset staff expenses and the emoluments of former employees it asked to take an early exit option from the bank in 2024.
This amount represents an...
CBN and the Task of Repositioning Nigeria's Global Economic Standing
By Zekeri Idakwo Laruba
In a powerful testament to Nigeria’s commitment to economic revival, institutional reform, and international collaboration, the Central Bank of Nigeria (CBN), in partnership with J.P. Morgan and the Nigerian Exchange Group (NGX),...
CBN Deepens Fight Against Forex Speculators as Naira Slides
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order in the country’s foreign exchange market by identifying and eliminating bad actors whose activities...
Akinniyi, Isa-Olatinwo, 14 Others Appointed CBN Directors
The Central Bank of Nigeria has appointed 16 new directors across key departments, ending nearly two years of acting leadership in several units as the apex bank moves to strengthen its regulatory framework.
The appointments were part of Governor...
Over 19.7 million Accounts Dormant, Unclaimed - CBN
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System.
The data, which tracks monthly account statuses throughout 2024, indicates a steady...
