CBN
Coverage of CBN in the Nexus archive.
- Two held from Kochi as CBN seizes 30 tonnes of ‘fighter drug’ in Delhi
Two individuals were arrested in Kochi as the CBN seized 30 tonnes of a substance referred to as the 'fighter drug' in Delhi.
- CBN warns against rejection of N100 banknotes
CBN warned against the rejection of N100 banknotes, stating it violates the CBN Act and undermines confidence in the national currency.
- How fake agency ‘DG’ Adeyemi outsmarted federal officials to secure CBN accounts, office space
DG Adeyemi, representing a non-existent agency, used forged letters to deceive the OSGF and OAGF into processing requests for office space and CBN accounts. Federal officials processed these requests based on Adeyemi's documentation despite the agency's lack of legitimacy.
- Emefiele didn’t benefit from fraudulent $6.23m cash withdrawal from CBN vault – Investigator
A prosecution witness testified that former CBN governor Emefiele approved an alleged $6.23m fraudulent cash withdrawal from the CBN vault but did not benefit from the proceeds.
- JUST IN: CBN revokes licences of 46 microfinance banks
The CBN has revoked the licenses of 46 microfinance banks due to regulatory breaches committed by the institutions.
- CBN may need to sterilise FX inflows from increased oil prices to curtail inflation – IMF
The IMF advised Nigeria's Central Bank (CBN) to sterilize foreign exchange inflows from increased oil prices to prevent inflation, as noted in its latest Article IV consultation report. Rising crude oil prices could boost FX inflows but risk driving inflation higher.