CBN Warns Against ‘Cash Bouquets’ Ahead of Valentine’s Day
Nigeria’s central bank has reportedly warned against the use of banknotes in decorative “cash bouquets”, saying the practice could breach laws protecting the national currency. The CBN made this known in a flier shared on its Twitter handle that listed forms of abusing the naira. The move comes just days before Valentine’s Day, when some […]
Emir Sanusi Returns to Classroom, Begins Law Degree at Northwest University, Kano
In a rare blend of royalty and academia, the Emir of Kano, Muhammadu Sanusi II, has commenced lectures at Northwest University, Kano, after enrolling as a 200-level law student in the institution’s Faculty of Law. The revered monarch joined fellow undergraduates on Tuesday, attending lectures quietly and without fanfare. Dressed in a black flowing outfit […]
CBN Directs Banks to Improve Foreign Card Transaction Systems
The Central Bank of Nigeria (CBN) has ordered banks and non-bank acquirers to upgrade their automated teller machines (ATMs), point-of-sale (POS) terminals, and online payment systems to ensure smooth use of foreign-issued payment cards across the country. The directive, outlined in a circular signed by Dr. Rita Sike, Director of the Financial Policy and Regulation […]
CBN, Bank of Angola Sign MoU to Deepen Financial, Technical Collaboration
The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a memorandum of understanding (MoU) aimed at strengthening bilateral relations and enhancing collaboration in central banking operations. The agreement was formalised on Thursday on the sidelines of the annual World Bank and International Monetary Fund (IMF) meetings in Washington DC. CBN Governor […]
CBN Launches Digital BVN Platform for Diaspora Nigerians
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has launched a new digital platform that allows Nigerians living abroad to obtain a Bank Verification Number (BVN) remotely — without needing to travel back home. The new system, known as the Non-Resident Bank Verification Number (NRBVN), was unveiled at […]
Naira Redesign: Why Court Quashes N1bn Suit Against Buhari, Emefiele, CBN Revealed
Lucky Obukohwo, Reporting The reason the Abuja division of the Federal High Court in Abuja quashed the N1 billion suit instituted against former President Muhammadu Buhari and former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele over the hardships that trailed the 2023 Naira redesign policy has been revealed. Justice Inyang Ekwo threw […]
Breaking: Supreme Court Freezes Rivers Allocations, Orders Pro- Wike Assembly Faction to Resume Sitting
Ismail Abdulazeez Mantu Reporting The Supreme Court has upheld the decision of the Federal High Court, ordering the Central Bank of Nigeria (CBN) to halt the disbursement of funds to the Rivers State government. Truth Live News gathered that the ruling comes amid a budgetary crisis, with the apex court declaring that Rivers State […]
Breaking: Court Orders Final Forfeiture Of Ex-CBN Governor, Emefiele’s $4.7m, N830m, Properties
Lucky Obukohwo, Reporting A federal high court sitting in Lagos presided over by Yellim Bogoro, has finally ordered the permanent forfeiture of $4.7 million, N830 million, and properties connected to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). Bogoro granted the final forfeiture application brought by the Economic and Financial Crimes […]
CBN Orders Banks to Publish Details of Dormant Accounts, Unclaimed Balances
Toba Owojaiye reporting Abuja, Nigeria The Central Bank of Nigeria (CBN) has issued a directive requiring all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets on their official websites. This move aims to enhance transparency and ensure that rightful owners can reclaim their funds. Truth Live […]
ICPC Moves to Forfeit N1.3 Billion Allegedly Diverted from Kaduna Light Rail Project
Toba Owojaiye reporting Kaduna, Nigeria The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has initiated legal proceedings to temporarily forfeit N1,373,180,510.07, suspected to have been diverted from Kaduna State Government funds earmarked for the now-abandoned Kaduna Light Rail Project. The commission made its move on February 14, 2025, filing an ex-parte motion before […]