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Naira Rises to N1,400 per Dollar in Parallel Market

Naira Rises to N1,400 per Dollar in Parallel Market   The Naira yesterday appreciated to N1,400 per dollar in the parallel market from N1,405 per dollar on Tuesday. But the naira was stable at N1,379 per dollar in the Nigerian Foreign Exchange Market (NFEM), as data from...

N100 Banknotes Still Very Valid, Says CBN

N100 Banknotes Still Very Valid, Says CBN   The Central Bank of Nigeria (CBN) has ordered members of the public, businesses, and commercial banks to immediately cease the rejection of the standard N100 banknote, declaring that the currency remains a valid medium of exchange across the...

CBN Warns Nigerians Against Rejecting ₦100 Notes

The Central Bank of Nigeria (CBN) has reaffirmed that both the standard ₦100 banknote and the commemorative ₦100 banknote remain legal tender and must be accepted for all transactions nationwide.

Emmanuel Nnorom Succeeds Elumelu as UBA Chairman After 12 Years

United Bank for Africa (UBA) Plc has announced that Tony O. Elumelu will retire as Group Chairman on August 21, 2026, after completing the 12-year tenure limit for non-executive directors set by the Central Bank of Nigeria (CBN).

CBN Plans ₦2trn T-Bill Issuance in July

The Central Bank of Nigeria (CBN) has announced plans to issue ₦2 trillion in Treasury Bills (T-bills) in July 2026, its largest monthly issuance this year.

Emefiele Case: Investigator Seeks Probe of Buhari, Boss Mustapha Over Alleged $6.2m CBN Fraud

The Special Investigator appointed by President Bola Ahmed Tinubu to probe the activities of the Central Bank of Nigeria (CBN), Jim Obazee, on Friday told the High Court of the Federal Capital Territory that former President Muhammadu Buhari and former Secretary to the Government of the Federation (SGF), Boss Mustapha, should also have been investigated and prosecuted over the controversial release of $6.2 million from the Federal Government's foreign exchange account domiciled at the CBN.