The Speaker of the House of Representatives, Tajudeen Abbas, has called on the Central Bank of Nigeria (CBN) to explain the dismissal of approximately 1,000 staff members and the subsequent ₦50 billion compensation paid to them. Abbas made this appeal during the opening of an investigative… Tajudeen questions CBN on sacking 1,000 Staff amid hard … Read more
Speaker of House of Representatives, Rep. Tajudeen Abbas, has urged all relevant stakeholders to collaborate with the house in its investigation on the alleged forceful retirement of no fewer than 1,000 staff members of Central Bank of Nigeria (CBN). Abbas made the call at the opening… Reps commence probe into alleged forceful retrenchment of CBN … Read more
The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to ₦100,000 per customer. The apex bank, in a circular titled Cash-out limits for agent banking transactions,’ announced the development to all deposit money banks (DMBs), microfinance… CBN Sets Daily Withdrawal Limit On PoS, Sends Stern Warning To Operators … Read more
Justice Benedict Kanyip of National Industrial Court of Nigeria (NICN), Abuja, on Tuesday, withdrew from separate suits filed by 62 staff members of Central Bank of Nigeria (CBN), who were recently disengaged from the apex bank’s service. Justice Kanyip, who is also the President… Judge withdraws from suit 62 staff filed against CBN … Read more
The inflation rate has spiked to 34.60 percent amid hardship under Tinubu. Newsone Nigeria reports that Nigeria’s inflation rate for November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians under President Bola Tinubu’s leadership. This… BREAKING: Inflation Rate Spikes to 34.60 Percent Amid Hardship Under Tinubu …C0NTINUE READING >>>>
CBN imposes ₦150 Million fine on banks fueling Naira hawking …C0NTINUE READING HERE>>> The Central Bank of Nigeria (CBN) has imposed a hefty penalty of ₦150 million on Deposit Money Banks (DMBs) caught supplying mint naira notes to currency hawkers. According to reports, this measure is part of the apex bank’s efforts to combat the … Read more
CBN Slams ₦150 Million Fine On Banks Supplying New Naira Notes To Hawkers …C0NTINUE READING HERE>>> The Central Bank of Nigeria (CBN) has introduced a stringent penalty of ₦150 million on Deposit Money Banks (DMBs) found guilty of supplying mint naira notes to currency hawkers. Henzodaily reports that this move is part of the apex … Read more
BREAKING: CBN gives update on use of old Naira notes …C0NTINUE READING HERE>>> The Central Bank of Nigeria (CBN) has again released an update and clarified on the use of old Naira notes in the country. TheNewsGuru.com (TNG) reports the apex bank to have made the clarification on Friday in a statement released … Read more
CBN Gives Fresh Update On Validity Of Old ₦1000, ₦500, ₦200 Notes …C0NTINUE READING HERE>>> The Central Bank of Nigeria (CBN) has announced that all versions of the naira, including the old and new designs of ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 denomination, remain valid … Read more
The Economic and Financial Crimes Commission (EFCC) has requested that Justice Rahman Oshodi of the Lagos State Special Offences Court, located in Ikeja, dismiss an application submitted by former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, which contests the court’s jurisdiction. Represented by the Senior Advocate of Nigeria, Rotimi Oyedepo, the anti-graft … Read more