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Mercy Eke Heartbroken, at risk of losing N100m as CBN Revoked Heritage Bank licence

June 6, 2024 Omajemite Don

Reality star Mercy Eke has voiced her distress over the closure of Heritage Bank, revealing she has over N100 million in her account. The recent revocation of Heritage Bank‘s operating…

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CBN Suspends New Loan Applications

December 14, 2023 Okolosi Gloria

The Central Bank of Nigeria (CBN) has issued a directive halting the acceptance of new loan applications under its Development Finance Intervention Programme. This announcement was conveyed through a circular…

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Why There Is Naira Scarcity – CBN

December 11, 2023 Okolosi Gloria

Central Bank of Nigeria Addresses Naira Notes Shortage Claims The Central Bank of Nigeria (CBN) has shed light on the recent shortage of Naira notes across various channels in the…

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Ohanaeze Youths Calls for an End to Emefiele’s Illegal Detention

December 4, 2023 Okolosi Gloria

The Ohanaeze Youths Movement has made a fervent appeal to President Bola Ahmed Tinubu to intervene and put an end to what they term as the continuous and purportedly unlawful detention…

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Old naira notes remain legal tender forever

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Supreme Court backs CBN, cancels old naira deadline

November 30, 2023 Okolosi Gloria

Supreme Court Extends Lifespan of Old Naira Notes: CBN’s Directive and Government’s Reaction In a landmark ruling on Wednesday, the Supreme Court of Nigeria granted an extension to the usage…

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Scarcity of Naira Notes Grips Nigeria Despite CBN’s Assurances

November 23, 2023 Okolosi Gloria

Despite the Central Bank of Nigeria’s (CBN) assurance that old naira notes remain legal tender, reports across the country indicate a scarcity of both old and new currency notes, causing…

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CBN Speaks On Scarcity Of Naira Notes

November 3, 2023 Okolosi Gloria

CBN Addresses Reports of Naira Scarcity, Assures Adequate Currency Supply The Central Bank of Nigeria (CBN) has responded to reports of naira scarcity in some regions of the country, particularly…

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CBN unveils FX price verification system portal

August 18, 2023 Okolosi Gloria

Central Bank of Nigeria Launches Foreign Exchange Price Verification System to Streamline Importers’ Access to Forex In a bid to enhance transparency and efficiency in the foreign exchange market, the…

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Court Clears Suspended CBN Governor Emefiele of Firearms Charges

August 17, 2023 Okolosi Gloria

Federal High Court Strikes Out Firearms Charges Against Suspended CBN Governor Godwin Emefiele In a recent development, the Federal High Court in Lagos has taken a decisive step by striking…

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