#CBN

The naira has stabilised at N1,370.19 per USD, attributed to the Central Bank of Nigeria's (CBN) intervention which has reduced volatility in the currency market. This stability is further supported by rising global oil prices, which are seen as promising for Nigeria's economy.

A report from Premium Times reveals that a man named Adeyemi, posing as the head of a fictitious agency, successfully deceived federal officials into granting him access to Central Bank of Nigeria (CBN) accounts and office space. This was achieved through the use of letters attributed to him, which led to the Office of the Secretary to the Government of the Federation (OSGF) and the Office of the Accountant General of the Federation (OAGF) processing his requests.

Jim Obaze has called for the prosecution of former President Buhari and Boss Mustapha in connection with the alleged theft of $6.2 million from the Central Bank of Nigeria (CBN). During court proceedings, evidence was presented, including letters and an extrajudicial statement from Mustapha, asserting that neither he nor Buhari were aware of a prior directive for the fund's release.

Experts have shared differing views on the effects of new regulatory frameworks implemented by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on the fintech sector in Nigeria. The introduction of these rules has led to a division within the industry regarding their potential impact.

The Central Bank of Nigeria (CBN) has issued a warning against the abuse of the naira, citing rising costs and a reduced lifespan of the currency. Additionally, the CBN introduced the Naira Ambassadors Club aimed at students to promote awareness and responsible handling of the naira.