Tag: Cbn
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Falana files a lawsuit against CBN, alleging that the floating of the naira is ‘unlawful’.
Prominent human rights lawyer, Femi Falana, SAN, has strongly criticized the decision by the Central Bank of Nigeria to allow the naira to float...
“Loans to CBN employees surge by 113%, reaching a total of N40 billion.”
The Central Bank of Nigeria has announced that it granted loans totaling N40.67 billion to its staff members by December 2022, as stated in...
CBN takes action against banks involved in unlawful forex trading amidst Naira depreciation.
The Central Bank of Nigeria (CBN) has warned commercial banks about facing consequences for participating in unlawful foreign exchange sales.
This comes as the naira's...
Loans acquired by Nigeria from foreign banks could potentially deplete as much as 40% of the country’s foreign reserves.
Africa's largest economy finds itself grappling with its most severe economic challenges in decades, as the Central Bank of Nigeria (CBN) faces a critical...
“CBN’s decision to withhold publication of its seven-year financial records faces strong criticism from experts.”
The Central Bank of Nigeria recently unveiled its Consolidated Financial Statements for the past seven years, marking a significant shift as it's the first...
