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…
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…
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…
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…
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…
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…
The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making efforts to tackle the volatility…
The Central Bank of Nigeria (CBN) has denied planning to convert $30bn domiciliary deposits to naira. There had been reports that in a bid to rescue the naira, the Federal…
Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday…
The 2023 presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has said the Federal Government’s directive to the Central Bank of Nigeria, (CBN ), to take over the responsibility…