Central Bank of Nigeria

Expert Outlines Gains of CBN’s Exchange Rate Unification

The Director/CEO of Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has commended the bold economic decisions of the newly inaugurated Bola Ahmed Tinubu administration, especially the unification of the Central Bank of Nigeria (CBN) exchange...

CBN Moves to End Multiple Exchange Rates, Floats Naira

June 14, (THEWILL) - The Central Bank of Nigeria (CBN) is set to effect exchange rate convergence, a move that will end the multiple exchange windows that have been widely criticised over the years. Banking sources told THEWILL Wednesday...

LP Faults Emefiele’s Suspension, Says Action Vindictive, Unconstitutional

The Labour Party (LP) weekend condemned the suspension and investigation of the Central Bank Governor, Godwin Emeifele. THEWILL reports that President Bola Tinubu on Friday approved the suspension of Emefiele, over "an ongoing investigation of his office and the...

Shonubi Becomes CBN Acting Governor

President Bola Ahmed Tinubu has appointed Mr Folashodun Adebisi Shonubi as acting Governor. following the suspension of Godwin Emefiele as Central Bank of Nigeria (CBN) governor, Shonubi will superintend the affairs of the apex bank until the investigation of...

Emefiele: Travails of The Passionate Central Banker

President Bola Tinubu on June 9, suspended Mr Godwin Emefiele from office as Governor, Central Bank of Nigeria (CBN). This is coming one year ahead of the end of Emefiele’s second term in June 2024. A release from the...

How Emefiele Was Arrested By DSS Operatives At His Ikoyi-Lagos Residence Saturday Morning

June 10, (THEWILL) - The suspended Governor of the Central Bank of Nigeria (CBN), was arrested on Saturday morning, inside his highbrow Ikoyi home in Lagos, hours after he was suspended from office, from his post by President Bola...

Ohanaeze Condemns Emefiele’s Suspension

June 10, (THEWILL) - The apex Igbo socio-cultural organisation, Ohanaeze Ndi Igbo, on Saturday, condemned the suspension of Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN). THEWILL reports that President Bola Tinubu on Friday, approved the...

e-Naira: CBN Seeks Partnership With UniUyo

June 09, (THEWILL) - The Central Bank of Nigeria (CBN) has called on the Management of the University of Uyo to partner with the apex bank in the sensitisation of its staff and students on the use of e-Naira...

‘Ways And Means’: Expanding Debt Without Accountability

Nigeria’s upper legislature recently approved N23.7 trillion to be securitised, a move that raises Nigeria’s aggregate debt from N46 trillion to N70 trillion. The lawmakers later amended the CBN Act to accommodate more loans via ways and means and...

CBN Debunks Devaluation of Naira Report

The Central Bank of Nigeria (CBN) has denied devaluing the naira contrary to a report in a national newspaper. Dr Isa AbdulMumin, Ag. Director, Corporate Communications of the CBN in a statement issued Thursday described the publication as false and...
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Niger Mass Abduction: Tinubu Orders Joint Military, Police Manhunt

The President's directive came after gunmen reportedly invaded several communities in the remote Borgu area of the state on Friday, August 21, killing residents, attacking worshippers and taking an unspecified number of people into nearby forests.
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