Understanding how the CBN underdevelops Nigeria
By Adaighofua Ojomaikre On June 10, 2026, the Central Bank of Nigeria Governor, Olayemi Cardoso, (who assumed office on September 22, 2023) accepted the global Central Bank of the Year…
Abuja Court orders eNaira Ltd to change name, awards N10m fine against firm
Justice James Omotosho of the The Federal High Court in Abuja on Friday issued an order of perpetual injunction stopping the eNaira Payment Solutions Ltd from parading itself as the…
Strategies For Combating Terrorism Financing In Nigeria
By Wahab Shittu SAN Terrorist financing is not merely a financial crime it is the lifeblood of extremism. Severing that lifeline demands more than freezing accounts; it demands intelligence, coordination,…
Release ₦100.1m judgment debt against Police, IGP to OSSIEC, court orders CBN to show cause
A Federal High Court sitting in Osogbo, Osun State, on Wednesday ordered the Central Bank of Nigeria (CBN) to explain why it should not release a N100.1 million judgment debt…
Emefiele: Suspects charged confessed to $6.23m fraud, witness tells court
The 14th prosecution witness in the ongoing trial of the immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, on Tuesday told the High Court of the Federal…
$6.23m Fraud Trial: Emefiele pray court for foreclosure to EFCC’s case over witness delay
The immediate past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday asked a High Court of the Federal Capital Territory (FCT), Abuja, to foreclose the prosecution…
Bank fraud: Court ruling paves way for stricter consumer protection in banking sector
Upholds FCCPC’s authority over banks, others Consumer rights in the banking sector received a significant boost yesterday as a Federal High Court in Abuja dismissed a suit by United Bank…
Why recapitalised banks may not boost Nigeria’s economy
By Marcel Okeke It is really worth celebrating that the bank recapitalisation exercise of the Central Bank of Nigeria (CBN) came to a successful conclusion on March 31, 2026, twenty-four…
Naira dips to N1,380.58/$ as global crisis tension lingers
The naira weakened to N1,380.58 per dollar at the official market, declining by 1.93 per cent week-on-week, as sustained foreign exchange demand continued to outpace supply, even as oil prices…
Court ruling: CBN calms Union Bank stability amidst fears
The Central Bank of Nigeria, CBN, moved swiftly on Thursday to calm markets, insisting that Union Bank of Nigeria remains “resilient and fully operational” despite a landmark Federal High Court…