The Central Bank of Nigeria (CBN) has announced that the 2025 economic indices indicate a positive outlook, with the nation’s GDP expected to accelerate to 4.17 per cent for faster economic growth. Mr Muhammad Abdullahi, Deputy Governor, Economic Policy Directorate, CBN, revealed this on Tuesday during the 11th edition of the National Economic … Read more
A founding member of the All Progressives Congress (APC) Osita Okechukwu, has stated that the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has stopped the bandits of Deposit Money Banks, (DMBs) who are deliberately frustrating Nigerians. Henzodaily reports that the CBN had sanctioned nine Deposit Money Banks with fines totalling ₦1.35bn for … Read more
The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is a clear message of zero tolerance for cash flow disruptions. … Read more
The Central Bank of Nigeria (CBN) has levied a penalty of ₦1.35 billion on nine Deposit Money Banks (DMBs) for their failure to ensure the availability of naira notes through automated teller machines (ATMs) during the holiday season. Each institution has been fined ₦150 million for not adhering to the CBN’s cash distribution regulations following … Read more
The Central Bank of Nigeria (CBN) has announced that it will no longer approve requests from authorized foreign exchange (FX) dealers for extensions on the repatriation of export proceeds. This directive, which took effect on January 8, was communicated in a circular signed by W.J. Kanya, Acting Director of the Trade and Exchange Department, and … Read more
The Lagos State Special Offences Court in Ikeja has assumed jurisdiction to hear corruption allegations against former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, involving gratification, corrupt demands, and fraudulent receipt of property. Delivering his ruling on Wednesday, Justice Rahman Oshodi held that the Economic and Financial Crimes Commission (EFCC) had successfully established the … Read more
Former employees of the Central Bank of Nigeria (CBN) have challenged the claim by CBN Governor Olayemi Cardoso that no staff member was forcefully disengaged from the institution. Henzodaily understands that the governor made the assertion while appearing before the House of Representatives Ad-Hoc Committee investigating staff disengagements under the Early Exit Program (EEP). Represented … Read more
A legal showdown is unfolding between the Central Bank of Nigeria (CBN) and 33 of its former employees, who allege wrongful termination in a mass dismissal exercise conducted earlier in 2024. The retrenched staff, represented by Stephen Gana and others, have filed a class-action lawsuit at the National Industrial Court of Nigeria (NICN) in Abuja, … Read more
As the foremost Nigerian bank, First Bank of Nigeria Limited no doubt has a history of curating products and services that not only meet the immediate and future needs of its customers. In this interview, the bank’s Managing Director/Chief Executive Officer, Mr. Olusegun Alebiosu described 2025 as the beginning of the bank’s new strategic planning … Read more
The Central Bank of Nigeria (CBN) has reiterated that the 1,000 staff members who exited the apex bank in December 2024 did so voluntarily under its Early Exit Programme. This was disclosed by CBN Governor, Olayemi Cardoso, during an investigative hearing by the House of Representatives ad-hoc committee in Abuja on Friday. Cardoso clarified that … Read more