The  Senate will today (Tuesday) screen the acting Governor of the Central Bank of Nigeria (CBN),  Dr. Olayemi Cardoso, for confirmation, alongside four nominees as Deputy Governors, to steer affairs of the apex bank in the next five years. In a statement on Monday, the Media Office of the Senate Leader, Senator Opeyemi Bamidele said that The Red Chamber, which …

The Secretary to the Government of the Federation (SGF), Senator George Akume has said that the Federal Government would soon publish the audit report of the probe of the Central Bank of Nigeria (CBN). This is as he hinted that the SGF hinted on Monday that the report would reveal how poor governance brought the country to the present predicament. …

The Federal Government on Monday admitted that most of the problems confronting Nigeria were caused by bad governance from the nation’s leadership. The government however scored the administration of President Bola Tinubu high for his sound decision on the Central Bank of Nigeria (CBN), saying the report of audit by a special investigator would be out soon. It was reported …

Currency in circulation (CIC) in Nigeria jumped by N1.7 trillion as cash transactions increased. Figures obtained by The PUNCH from the Central Bank of Nigeria’s data on CIC revealed on Thursday that the currency in circulation hit N2.7 trillion as of the end of August. The currency in circulation fell to N982.1 billion as of the end of February 2023, …

President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five years at the first instance, pending his confirmation by the Senate. The President also approved the nomination of four new Deputy Governors for the CBN for a term of five …

The gap between the maximum lending rate and savings deposit rate in the banking sector widened by 22.14 per cent in July. Bank’s savings deposit rate rose slightly to 5.24 per cent in July from 5.18 per cent and 5.13 per cent in June and May, according to figures from the Central Bank of Nigeria. Figures obtained by The PUNCH …

The Central Bank of Nigeria (CBN) has introduced a foreign exchange price verification system designed for importers to have access to forex. In a statement on Thursday night, the regulatory bank’s Trade and Exchange Department said that a price verification report from the portal is now mandatory for all Form M requests while it takes effect from 31st August 2023. …

The Central Bank of Nigeria (CBN) has said it is set to take new measures to stabilise the naira against the dollar. Acting CBN Governor, Mr. Folasodun Sonubi, made the disclosure to State House Correspondents after briefing President Bola Tinubu on what the bank was doing the halt the slide on Monday at the State House. He said President Tinubu …

The Central Bank of Nigeria (CBN) has released the Consolidated Financial Statements for the last seven years, making it the first time since 2015 that the apex bank will be making its book available for public scrutiny. The Consolidated Financial Statements are for 2016, 2017, 2018, 2019, 2020, 2021 and 2022 financial periods. The CBN declared a profit after tax …

The Central Bank of Nigeria (CBN) has warned members of the public not to spray, hawk, mutilate or counterfeit Naira currency. The apex bank assured members of the public that the organisation will strive to sustain its efforts in ensuring availability of the currency for transactions. This was disclosed in Lokoja on Thursday by the Director, Corporate Communications Department of …