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Read more about the article Reps Threaten CBN Gov’s Arrest Over REMITA Leakages
Don't Miss / Economy & Business / Editor's Pick / News / Newsbeat / Politics

Reps Threaten CBN Gov’s Arrest Over REMITA Leakages

The House of Representatives Public Accounts Committee, on Tuesday, summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to unfailingly appear before it on March 5, 2024 over…

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February 28, 2024
Read more about the article Interest Rate Hike: Private Sector, Economists Foresee Fresh Job Losses, Recession
Don't Miss / Economy & Business / Editor's Pick / Featured / News / Newsbeat / Politics

Interest Rate Hike: Private Sector, Economists Foresee Fresh Job Losses, Recession

The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent. The MPR…

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February 28, 2024
Read more about the article Interest Rate High Again: CBN Raises Interest Rate To 22.75%
Don't Miss / Economy & Business / Editor's Pick / Newsbeat / Politics

Interest Rate High Again: CBN Raises Interest Rate To 22.75%

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75%. The CBN Governor, Olayemi Cardoso, disclosed…

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February 27, 2024
Read more about the article Hardship: I’m Not Responsible For Nigeria’s Economic Woes – CBN Gov, Cardoso
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Hardship: I’m Not Responsible For Nigeria’s Economic Woes – CBN Gov, Cardoso

The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has distanced himself from the economic woes Nigerians are currently experiencing. Cardoso said he and his team are not…

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February 27, 2024
Read more about the article JUST IN: CBN Resumes Sale Of Dollars To BDC Operators
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JUST IN: CBN Resumes Sale Of Dollars To BDC Operators

The Central Bank of Nigeria (CBN) has commenced the sale of dollars to Bureau De Change (BDC). This was announced in a statement signed by Dr Hassan Mahmud, CBN’s Director…

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February 27, 2024
Read more about the article Senate To Probe Buhari Govt, Emefiele Over N30tn CBN Loans
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Senate To Probe Buhari Govt, Emefiele Over N30tn CBN Loans

The Senate on Tuesday resolved to probe how the N30tn Ways and Means loans of the Central Bank of Nigeria was obtained and spent by the administration of former President…

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February 21, 2024
Read more about the article Atiku’s Solution Will Return Nigeria To Emefiele Era Says Presidency
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Atiku’s Solution Will Return Nigeria To Emefiele Era Says Presidency

The Presidency says a controlled floatation of the naira to prevent further devaluation would only return Nigeria to the economic regime of the embattled former Governor of the Central Bank…

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February 19, 2024
Read more about the article BREAKING: Ogun Monarch Suspended For Abusing Naira Notes
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BREAKING: Ogun Monarch Suspended For Abusing Naira Notes

The Olu of Owode in Obafemi/Owode Local Government of Ogun State, Oba Kolawole Sowemimo, on Saturday, confirmed his suspension for two months without salaries by the Egba Traditional Council over…

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February 17, 2024
Read more about the article Notify Customers Before Debt Recovery Moves, CBN Tells Banks
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Notify Customers Before Debt Recovery Moves, CBN Tells Banks

The Central Bank of Nigeria, (CBN), has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure that the debt recovery…

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February 9, 2024
Read more about the article CBN Says Nigerians Spent $98bn On Foreign Trips, Education In 10 Years
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CBN Says Nigerians Spent $98bn On Foreign Trips, Education In 10 Years

Nigerians’ spending on foreign education, healthcare and personal travels gulped over $98bn in 10 years, according to the Central Bank of Nigeria data. The CBN Governor, Olayemi Cardoso, who made…

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February 7, 2024
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