Despite all measures taken recently by the Central Bank of Nigeria (CBN), the country’s currency, Naira, depreciated by N40 against the US Dollar, whereas the British...
In a continuing downturn, the Nigerian currency, Naira plunged further, exchanging at ₦1,600 to a dollar at the parallel market, according to the latest findings by...
In a slight upturn at the Nigerian Autonomous Foreign Exchange Market, the naira appreciated against the United States dollar, closing at ₦1,498.25/$ on Thursday, up from...
The Central Bank of Nigeria (CBN) has prohibited the use of cash as Personal Travel Allowance (PTA) and Basic Travel Allowance (BTA). According to the CBN,...
The Central Bank of Nigeria (CBN) has issued a notice, dated February 14, 2024, informing international oil companies that they are no longer permitted to repatriate...
The House of Representatives‘ Public Accounts Committee has announced plans to sanction Ministries, Departments, and Agencies (MDAs) of the Nigerian government for breaches of the Treasury...
The trio of Odoh Eric Ocheme, Adamu Abubakar and Imam Abubakar reportedly conspired to forge former President Muhammadu Buhari‘s signature to siphon over six million US...
President Bola Tinubu has asked the Senate to confirm five people as Directors of the Board of the Central Bank of Nigeria (CBN). Naija News reports...
The Nigerian currency, the Naira, plummeted to an unprecedented low against the US dollar, reaching ₦1,534/$ in the official Nigerian Autonomous Foreign Exchange Market on Monday,...
The Central Bank of Nigeria (CBN) has been asked to explain how the sum of $4.5 billion went unaccounted for in Nigeria’s foreign reserve account between...
The Central Bank of Nigeria (CBN) has announced an increase in the exchange rate used for calculating Customs duties at the seaports in the country. Naija...
The Economic and Financial Crimes Commission (EFCC) has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, and three...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the financial institution would no longer fund intervention programmes. Cardoso disclosed this on...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank will halt its Ways and Means loans to the Federal...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Friday, defended the apex bank by stating that it is already taking measures to...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that things will become better sooner than later. He, however, acknowledged that...
The Joint Senate Committee on Finance, Banking, Insurance, and Financial Institutions has initiated an interactive session with the Economic Management Team, including officials from the Central...
Political economist, Pat Utomi, claims that the Central Bank of Nigeria’s (CBN) “mistakes” contribute to the naira’s declining value. Currently, the naira is worth over ₦1,400...
The Group CEO of NNPC Limited, Mele Kyari, has averred that the decision taken by the company’s board to move a significant part of its revenues...
Borno South Senator, Ali Ndume, has rubbished comments suggesting he is an ethnic bigot following his opposition to the plans by the federal government to move...