Tagged: CBN


CBN to block bank accounts without BVN from August

The Central Bank of Nigeria,CBN, said all customers without Bank Verification Number, BVN, linked to their bank accounts will not be allowed to make withdrawal from those accounts, as from August 1. The apex...


N3bn loot: Give me back my money, Yakubu tells court

Erstwhile Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, has asked a Federal High Court sitting in Kano to order the Federal Government to return to him, over N3billion...


CBN’s efforts to save naira crumbles

Central Bank of Nigeria’s efforts to save the naira against other foreign exchange has crumbled, the International Monetary Fund (IMF) has said. The IMF also said the challenges around foreign exchange in Nigeria have...


​What can CBN learn from MMM?

Paper money or fiat currency is still the greatest innovation conceived by man. Imagine Nigeria being some type of human zoo of sort that still trades by barter. If we import loads of Apple’s...