CBN Board to Get Five New Directors President Bola Tinubu has asked the Senate to confirm the appointment of five persons as members of the board of directors of the Central Bank of Nigeria (CBN). The President’s request is contained in a letter read by Senate...

$6.2m Fraud: FG Seeks INTERPOL Support to Nab Alleged Perpetrators The special investigator appointed by President Bola Tinubu has requested the Interpol National Central Bureau to place a Central Bank of Nigeria (CBN) staff member and two others on its Red Notice. This follows the discovery...

Buhari’s Signature Forged to Withdraw $6.2m from CBN for Election Observers – Ex-SGF The immediate past Secretary to the Government of the Federation, SGF, Mr. Boss Mustapha, on Tuesday, appeared as a witness in the ongoing trial of the former Governor of the Central Bank...

What Cardoso Cannot Do By Okey Ikechukwu The new Governor of the Central Bank of Nigeria (CBN) has, so far, demonstrated a hands-on determination to make a difference regarding the fate and fortunes of the Naira. The forces arrayed against him and his team include the...

Frequent FX Rate Adjustment, 48.5% Customs Duty Increasing Production Cost The recent 48.5 percent hike in customs duty by the Central Bank of Nigeria (CBN), through the upward adjustment of the exchange rate for calculating import duties, is expected to push up production costs for...

Education, Medical Tourism Responsible for Naira Depreciation – Cardoso  The governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has blamed the depreciation of the naira on the growing numbers of Nigerians going abroad for education and medical treatment. Cardoso spoke on Tuesday during a plenary...