Central Bank of Nigeria — 6 Latest News (Daily)

19h

Nigeria’s Finance Minister, Wale Edun, has disclosed that the nation has qualified to process and secure a $2.25 billion loan from the World Bank. The loan ... Show more www.premiumtimesng.com/business/business-news/688127-nigeria-eyes-2-25bn-world-bank-loan-at-1-interest-rate.html

252

Apr 21

How naira transformed from worst currency to best-performing in six months – Cardoso

punchng.com/how-naira-transformed-from-worst-currency-to-best-performing-in-six-months-cardoso/

1.4k

Apr 17

Nigeria Central Bank Reduces Banks’ Loan-to-Deposit Ratio to Curb Liquidity: Nigeria’s central bank curbed the ability of banks to grant loans as it seeks to ...

bloomberg.com/news/articles/2024-04-17/nigeria-reduces-banks-loan-to-deposit-ratio-to-curb-liquidity

12

Apr 21

Currency Mutilation: Mixed Reactions Trail Video Of Couple's Customized N200 Notes A video circulating on social media on Sunday has revealed N200 notes ... Show more punchng.com/currency-mutilation-mixed-reactions-trail-video-of-couples-customized-n200-notes/

417

Apr 20

First Bank MD, Adesola Adeduntan, resigns: Mr Adeduntan joined First Bank in 2014, first as a chief financial officer and as an executive director

premiumtimesng.com/business/business-news/687579-first-bank-md-adesola-adeduntan-resigns.html

450

Apr 18

Naira gains at official market amidst depleting reserve: Market data published on the FMDQ website on Wednesday indicated that the naira closed at N1,072 ...

premiumtimesng.com/news/top-news/687032-naira-gains-at-official-market-amidst-depleting-reserve.html

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FIJ NG Apr 21

FACT-CHECK: Did Cardoso Say CBN Isn’t Defending Naira?: Cardoso sidestepped questions by not admitting or denying how much was spent on defending the naira in ...

fij.ng/article/fact-check-did-cardoso-say-cbn-isnt-defending-naira/

6

9h

Naira tumbles to N1,234/$ at official market, speculators resume hoarding: The naira depreciated in its value against the United States dollar to N1 ...

punchng.com/naira-tumbles-to-n1234-at-official-market-speculators-resume-hoarding/

411

Apr 17

Nigeria’s Cardoso Says Shifts in FX Reserves Not Due to Defending Naira (NGN) - Bloomberg

bloomberg.com/news/articles/2024-04-17/cardoso-says-shifts-in-fx-reserves-not-due-to-defending-naira

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1

FIJ NG Apr 09

FG Has Spent Over $155m to Close Metering Gap Since 2020, But Data Shows More People Now Lack Metres

fij.ng/article/fg-has-spent-over-155m-to-close-metering-gap-since-2020-but-data-shows-more-people-now-lack-metres/

25

14h

Kogi election tribunal orders CBN governor to appear: The three-member panel of justices, led by Ado Birnin-Kudu, also threatened to wield the big stick on the ...

premiumtimesng.com/regional/north-central/688275-kogi-election-tribunal-orders-cbn-governor-to-appear.html

195

Apr 17

‘Money Na Water’, Cubana Chief Priest boasts after securing N10 million bail: The celebrity barman was accused of abusing the Naira twice in 2024 ...

premiumtimesng.com/entertainment/naija-fashion/686857-money-na-water-cubana-chief-priest-boasts-after-securing-n10-million-bail.html

67

Apr 18

CBN reduces banks’ LDR to 50%: The LDR is used to assess a bank's liquidity by comparing a bank's total loans to its total deposits within the same ...

premiumtimesng.com/business/business-news/687137-cbn-reduces-banks-ldr-to-50.html

146

Apr 22

APRIL 22 - HEADLINES

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FIJ NG Apr 13

Obi Cubana, Folashade Tinubu… Popular Nigerians Who Went Scot-Free After Abusing Naira

fij.ng/article/obi-cubana-folashade-tinubu-popular-nigerians-who-went-scot-free-after-abusing-naira/

8

Apr 09

INTERVIEW: Why pilots will gladly fly airplanes even if they are not paid – Ex-CEO of Nigerian airline. There are some things that drive us ... Show more www.premiumtimesng.com/regional/south-south-regional/683855-interview-why-pilots-will-gladly-fly-airplanes-even-if-they-are-not-paid-ex-ceo-of-nigerian-airline.html

429

Apr 13

Mr Hassan revealed that since the CBN revoked the licences of 179 Microfinance Banks and four Primary Mortgage Banks in 2023 ... Show more www.premiumtimesng.com/news/top-news/685588-ndic-backs-cbns-planned-recapitalisation-of-banks.html

124

Apr 12

The court had ordered the remand of Mr Emefiele and his co-defendant following their arraignment on fresh charges relating to the activities of Mr Emefiele as ... Show more www.premiumtimesng.com/news/top-news/685355-just-in-lagos-court-grants-emefiele-n50-million-bail.html

84

Apr 15

Nigeria’s annual inflation rate rose to 33.20 per cent in March from 31.70 per cent in February, the National Bureau of Statistics (NBS) said on Monday. www.premiumtimesng.com/news/headlines/686198-nigerias-inflation-hits-33-20-amid-high-food-prices.html

Quick Glance: Powell Warns of Lack of Progress on Inflation

Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.

28

Apr 08

VIDEO: Court remands Emefiele in EFCC custodywww.premiumtimesng.com/news/top-news/684333-court-remands-emefiele-in-efcc-custody.html

0:22

479

Apr 12

Zenith Bank achieves historic triple-digit topline and bottom-line growth in 2023

premiumtimesng.com/promoted/685418-zenith-bank-achieves-historic-triple-digit-topline-and-bottom-line-growth-in-2023.html

218

Apr 21

Dollar rise: EFCC continues crackdown on cryptocurrency platforms, others: The EFCC has instituted a further crackdown on currency speculators and cryptocurrency ...

punchng.com/dollar-rise-efcc-continues-crackdown-on-cryptocurrency-platforms-others/

105

Apr 08

Again, CBN sells dollars to BDCs: The bank brought the rate lower than the N1,251 per US dollar it sold to BDCs earlier

premiumtimesng.com/news/top-news/684307-again-cbn-sells-dollars-to-bdcs.html

453

Apr 15

UBA expresses confidence in meeting new N500bn capital base: United Bank for Africa Plc has expressed confidence in its ability to meet the new capital base ...

punchng.com/uba-expresses-confidence-in-meeting-new-n500bn-capital-base/

288

Apr 06

Nigeria's ex-central bank head Emefiele faces fresh charges on Monday: Nigeria's former central bank governor Godwin Emefiele will appear in a Lagos court on ...

reuters.com/world/africa/nigerias-ex-central-bank-head-emefiele-faces-fresh-charges-monday-2024-04-06/

240

Apr 15

Naira nears 1,000/$ at parallel market: The naira has continued its resurgence against the dollar, appreciating N1,136/$ at the official market and N1 ...

punchng.com/naira-nears-1000-at-parallel-market/

167

Apr 21

Recapitalisation: How Access Bank will meet CBN’s directive – Aig-Imoukhuede: The Central Bank of Nigeria (CBN), on 29 March, directed commercial banks in ...

premiumtimesng.com/business/687803-recapitalisation-how-access-bank-will-meet-cbns-directive-aig-imoukhuede.html

22

Apr 17

Cardoso links depleting reserves to debt repayments The Central Bank governor, Olayemi Cardoso, has said the recent depletion of the nation’s foreign reserves ... Show more punchng.com/depleting-reserves-used-to-clear-debts-says-cardoso/

65

Apr 22

Emefiele social programmes: Banks withhold N530bn CBN funds, Cardoso may order refund

punchng.com/emefiele-social-programmes-banks-withhold-n530bn-cbn-funds-cardoso-may-order-refund/

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Premium Times

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Apr 16

Naira Abuse: EFCC charges Instagram celebrity Cubana Chief Priest, set for arraignment

premiumtimesng.com/news/more-news/686677-naira-abuse-efcc-charges-instagram-celebrity-cubana-chief-priest-set-for-arraignment.html

26

Apr 21

15

Apr 08

BREAKING: Again, CBN sells $10,000 to BDCs at N1,101/$: The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators.

punchng.com/breaking-again-cbn-sells-10000-to-bdcs-at-n1101/

359

Apr 09

Fresh charges against ex-CBN governor Emefiele at glance: Mr Emefiele pleaded not guilty to all the fresh charges, marking the beginning of the second fraud and ...

premiumtimesng.com/news/top-news/684870-fresh-charges-against-ex-cbn-governor-emefiele-at-glance.html

43

Apr 08

Zenith Bank’s annual profit leaps threefold to N677 billion: Zenith Bank is in the middle of a transition into a holding company, an operating structure which ...

premiumtimesng.com/news/headlines/684489-zenith-banks-annual-profit-leaps-threefold-to-n677-billion.html

88

Apr 21

Death rumours don’t bother me — Ex-gov Olunloyo: An elder statesman and former governor of old Oyo State, Dr Omololu Olunloyo, speaks with LAOLU AFOLABI AND ...

punchng.com/death-rumours-dont-bother-me-ex-gov-olunloyo/

37

Apr 21

It’s Official: First Bank confirms Alebiosu as Acting CEO: PREMIUM TIMES reported the appointment of Mr Alebiosu following the surprised resignation of Adesola ...

premiumtimesng.com/business/business-news/688034-its-official-first-bank-confirms-alebiosu-as-acting-ceo.html

5

Apr 08

CBN prohibits use of foreign currency collateral for Naira loans: CBN outlined new guidelines prohibiting the practice, with exceptions for specific types of ...

premiumtimesng.com/news/headlines/684445-cbn-prohibits-use-of-foreign-currency-collateral-for-naira-loans.html

175

21h

Recapitalisation: ICAN urges CBN to exclude bank’s retained earnings: The Institute of Chartered Accountants of Nigeria has called on the Central Bank of Nigeria ...

punchng.com/recapitalisation-ican-counsels-cbn-seeks-retained-earnings-exclusion/

26

Apr 17

CBN cuts loan-to-deposit ratio to 50%: The Central Bank of Nigeria has released a new regulatory directive to enhance lending to the real sector of the Nigerian ...

punchng.com/cbn-cuts-loan-to-deposit-ratio-to-50/

41

Apr 22

Equity market suffers N1.6tn loss in one week: The Nigerian equity market was in the red zone throughout last week, as investors lost N1.57tn.

punchng.com/equity-market-suffers-n1-6tn-loss-in-one-week/

6

Apr 17

Wema Bank removes fintech partners from platform over fraud: Wema Bank has said that it has removed and suspended about seven fintech partners from its payment ...

punchng.com/wema-bank-removes-fintech-partners-from-platform-over-fraud/

14

Apr 12

Six banks shareholders get N366bn dividends –Report: Investors of six Nigerian financial institutions collected about N366.93bn in final dividends in 2023.

punchng.com/six-banks-shareholders-get-n366bn-dividends-report/

39

Apr 08

FG plans three national ID cards for 104m Nigerians June: FG is to launch three new national identity cards in May this year and has a target of providing them ...

punchng.com/fg-plans-three-national-id-cards-for-104m-nigerians-june/

117

Apr 09

Banks get three-month deadline to stop forex-backed loans: The Central Bank of Nigeria on Monday stepped up its fight to boost foreign exchange liquidity in the ...

punchng.com/banks-get-three-month-deadline-to-stop-forex-backed-loans/

84

Apr 16

CBN seeks digital innovation to boost economic growth: The Central Bank of Nigeria has reiterated its commitment to digital innovation. The Deputy Governor ...

punchng.com/cbn-seeks-digital-innovation-to-boost-economic-growth/

28

3

Premium Times

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Apr 15

Nigeria’s inflation hits 33.20% amid high food prices: The food inflation rate in March 2024 quickened to 40.01 per cent on a year-on-year basis

premiumtimesng.com/news/headlines/686198-nigerias-inflation-hits-33-20-amid-high-food-prices.html

6

Apr 16

Oromoni: Father kicks as coroner blames parents, doctor for teenager’s death: Mr. Sylvester Oromoni Snr, the father of the late Sylvester Jr., who died under ...

punchng.com/oromoni-father-kicks-as-coroner-blames-parents-doctor-for-teenagers-death/

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8

The Punch

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Apr 20

Suspend new restrictions on dom accts, MAN tells CBN: Manufacturers faulted the decision by CBN directing deposit money banks to stop the use of foreign ...

punchng.com/suspend-new-restrictions-on-dom-accts-man-tells-cbn/

6

Apr 11

BDCs back CBN’s directive stopping use of domiciliary accounts as collateral : The Association of Bureaux de Change Operators of Nigeria has expressed support ...

punchng.com/bdcs-back-cbns-directive-stopping-use-of-domiciliary-accounts-as-collateral/

46

Apr 17

Getting new industrialisation model: If Nigeria does not devolve more political power to the sub-national governments, economic initiatives to the Organised ...

punchng.com/getting-new-industrialisation-model/

15

Apr 08

EDITORIAL: CBN’s need for caution in its recapitalisation gambit: "Is there an additional case for ramping up the capital adequacy of Nigerian banks to ...

premiumtimesng.com/news/684211-editorial-cbns-need-for-caution-in-its-recapitalisation-gambit.html

19

Apr 15

Bank recapitalisation and need for citizens’ engagement: The ongoing Central Bank of Nigeria-inspired recapitalisation for banks has serious implications for the ...

punchng.com/bank-recapitalisation-and-need-for-citizens-engagement/

25

Apr 14

My wife’s desire for a girl pushed me to father five boys – 82-year-old accountant

punchng.com/my-wifes-desire-for-a-girl-pushed-me-to-father-five-boys-82-year-old-accountant/

11

Apr 14

New national ID card single, NIMC clarifies: The National Identity Management Commission has revealed that the new national identity card is a single ...

punchng.com/new-national-id-card-single-nimc-clarifies/

10

Apr 09

11

Apr 14

Discontinue plans for new National ID, HURIWA tells Tinubu: The group also said the plan showed a lack of national strategy, to formulate and implement ...

punchng.com/discontinue-plans-for-new-national-id-huriwa-tells-tinubu/

23

Apr 05

Tinubu’s special investigator concludes probe of CBN under Buhari: Some of his findings are being used to prosecute the former central bank governor ...

premiumtimesng.com/news/top-news/683626-tinubus-special-investigator-concludes-probe-of-cbn-under-buhari.html

46

Apr 07

Worst of economic crisis over, says Osun APC chieftain: Olatunbosun Oyintiloye, has said that the country may have survived its worst moment with the recent ...

punchng.com/worst-of-economic-crisis-over-says-osun-apc-chieftain/

54

Apr 05

Investors lose N252bn on bearish equity trading: Stock investors lost N252bn as the Nigerian Exchange sustained its bearish trading on Thursday.

punchng.com/investors-lose-n252bn-on-bearish-equity-trading/

42

Apr 11

Defend Nigeria, support leaders, Tinubu, Buhari urge citizens: Tinubu, who was present at the Dodan Barracks in Ikoyi, Lagos, to observe the Eid prayer ...

punchng.com/defend-nigeria-support-leaders-tinubu-buhari-urge-citizens/

16

Apr 11

New national ID cards, a waste of resources: The New national ID cards amount to a waste of time, and taxpayer’s money. Therefore, President Bola Tinubu should ...

punchng.com/new-national-id-cards-a-waste-of-resources/

29

Apr 09

Rising naira value: Presidency backs Cardoso, vows further clampdown on racketeers

punchng.com/rising-naira-value-presidency-backs-cardoso-vows-further-clampdown-on-racketeers/

7

Apr 20

Trampled to death: Hunger, desperate search for food drive citizens to early graves

punchng.com/trampled-to-death-hunger-desperate-search-for-food-drive-citizens-to-early-graves/

2

Apr 11

Patriotism needed for economic revival: Most Nigerians believe that foreign goods are much better than locally-made products. This shows that we lack patriotism.

punchng.com/patriotism-needed-for-economic-revival/

23

Apr 09

So This Happened (243) We Bring You Trending Topics That have Captured The Public's Attention And Sparked Conversations Across Various Platforms ... Show more

7:45

23

Apr 09

Customs must charge duties in naira, says NACCIMA: NACCIMA President, Dele Oye, stated this in his response to the Central Bank of Nigeria’s directive on the use ...

punchng.com/customs-must-charge-duties-in-naira-says-naccima/

5

Apr 19

Man arraigned for allegedly defrauding firm of N27.5m: The Nigeria Police on Thursday arraigned a 47-year-old man, Tokunbo Daramola, before the Ebute-Metta Chief ...

punchng.com/man-arraigned-for-allegedly-defrauding-firm-of-n27-5m/

3

Apr 14

Four pharmaceutical firms suffered N8bn forex loss in 2023 – Report: The weakening of the naira resulted in a combined foreign exchange loss of N8 ...

punchng.com/four-pharmaceutical-firms-suffered-n8bn-forex-loss-in-2023-report/

5

Apr 14

Manufacturing is bedrock of every economy — LCCI Vice President, Funlayo Bakare: The Chief Executive Officer of FAE Limited, and Vice President of the Lagos ...

punchng.com/manufacturing-is-bedrock-of-every-economy-lcci-vice-president-funlayo-bakare/

8

Apr 18

Escalate prosecution of naira mutilators!: To make the campaign against naira abuse successful, the EFCC should not stop at the prosecution of Bobrisky, Omoseyin ...

punchng.com/escalate-prosecution-of-naira-mutilators/

1

Apr 04

THE ROUND TABLE: Electricity Taffif Hike: Manufacturers, Labour, TUC Tackle FG, Insist On Subsidy ⁠Naira Mutilation: EFCC Arrests Bobrisky For Naira ... Show more

38:54

21

Apr 07

African countries should learn from Senegal to avoid Mali, B’Faso experience – Ex-envoy

punchng.com/african-countries-should-learn-from-senegal-to-avoid-mali-bfaso-experience-ex-envoy/

3

Apr 11

Forex policies affecting transborder trade, say traders: The Central Bank of Nigeria’s foreign exchange policies mandating traders to repatriate their earnings ...

punchng.com/forex-policies-affecting-transborder-trade-say-traders/

6

Apr 20

NGN/USD: Nigeria’s FX Reserves Plunge In Tandem With Naira Rebound: Nigeria is burning through foreign-exchange reserves at a rate not seen in four years ...

bloomberg.com/news/articles/2024-04-16/ngn-usd-nigeria-s-fx-reserves-plunge-in-tandem-with-naira-rebound

0

Apr 16

NGN/USD: Nigeria’s FX Reserves Plunge In Tandem With Naira Rebound: Nigeria is burning through foreign-exchange reserves at a rate not seen in four years ...

bloomberg.com/news/articles/2024-04-16/ngn-usd-nigeria-s-fx-reserves-plunge-in-tandem-with-naira-rebound

0

Apr 07

Nigeria’s economy is open, fragile and susceptible: The recent deleterious effects of massive exchange rate depreciation on inflation and cost of living in ...

punchng.com/nigerias-economy-is-open-fragile-and-susceptible/

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cointelegraph.com

C

Apr 14

Binance executive tracked to Kenya, extradition underway: According to a report from local media outlet Punch, sources from within the office of the Nigerian ...

cointelegraph.com/news/binance-executive-tracked-to-kenya-extradition-underway

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Daily Maverick

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Apr 08

Nigeria Takes Fresh Steps Seen Boosting Naira Against the Dollar: Nigeria unveiled new measures to aid the country’s bruised currency, potentially helping to ...

dailymaverick.co.za/article/2024-04-08-nigeria-takes-fresh-steps-seen-boosting-naira-against-the-dollar/