Nigeria has secured a permanent seat on the Board of the African Monetary Institute (AMI), strengthening its role in Africa’s financial integration drive, according to the Central Bank of Nigeria (CBN).

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over allegations of missing or diverted public funds amounting to ₦3 trillion.

In Nigeria, where trust between government and citizens remains as wide as the horizon, it is no surprise that the World Bank’s decision to reduce its planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million has naturally raised eyebrows.

Naira Hits N1,430/$ at Parallel Market The naira strengthened to between 1,425 and 1,430 per dollar at the parallel market following the Central Bank of Nigeria’s renewed directive allowing the sale of foreign exchange to Bureau De Change operators, a development stakeholders say is already...

Banks Using Unaccredited Cheque Printers Risk N10m Fine - CBN   Deposit Money Banks risk a N10m fine and withdrawal of cheques from circulation if they engage unaccredited cheque printers, the Central Bank of Nigeria (CBN) has said. The apex bank disclosed this in a circular dated...

NDIC Targets ₦1.5tn Debt Recovery from 150 Liquidated Banks The Nigeria Deposit Insurance Corporation (NDIC) has intensified efforts to recover an estimated N1.5 trillion in outstanding debts and assets trapped in failed financial institutions by strengthening the capacity of debt recovery agents and deploying new...