The acting President, Prof. Yemi Osinbajo, inaugurated the 36-man board members of the Nigeria Industrial Policy and Competitiveness Advisory Council…
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FRCN Blames CBN For Illegal Transfer Of MTN’s $13.9bn
The Senate on Thursday began its investigative hearing on the alleged transfer of $13.9bn by MTN Nigeria out of the…
Read MoreCBN Bars These 9 Commercial Banks From FOREX Transactions
For failing to remit funds from NNPC into the Treasury Single Account TSA, the Central Bank of Nigeria CBN yesterday…
Read MoreCBN Okays Payment Of Cheques Into Savings Accounts
The Central Bank of Nigeria has written a circular to banking institutions to permit bank customers to make cheque deposits…
Read MoreFG Might Stop Paying Workers’ Salaries – CBN
According to Vanguard, the federal government might not be able to pay salaries of its workers with effect from October…
Read MoreThe Naira Is Officially Africa’s Worst Performing Currency Of 2016
According to The Cable, the Nigerian naira took a dive on Thursday at both parallel and official markets, becoming the…
Read MoreNaira Crashes To 288/Dollar At New Official Market
According to Punch, the naira plunged by 31 per cent to 288.85 against the United States dollar on Monday at…
Read MoreCBN Poised To Introduce New Charges On ATM Cards & Cheques
According to multiple online sources, the Central Bank of Nigeria (CBN) has revealed that it is currently reviewing the extant…
Read MorePresident Buhari Explains Why FG Stopped The Sale Of Forex To Bureau de Change Operators
President Muhammadu Buhari, while speaking on the state of the economy during an interactive session with the Nigerian community in…
Read MoreCBN To Replace Local Bureau-De-Changes With Travelex
The Central Bank of Nigeria (CBN) is currently proposing to replace Bureau De Change (BDC) operators with Travelex, a global…
Read MoreCBN Cuts Bureau de Changes’ Dollar Sales To $10,000
The Central Bank of Nigeria (CBN) will on Wednesday sell $10,000 to each of the 2,839 bureaux de change (BDC)…
Read MoreCBN Cuts Benchmark Interest Rate From 13% To 11%
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate (benchmark interest rate)…
Read MoreBanks Block Five Million Customers’ Accounts Over BVN
At least five million bank accounts were deactivated by Deposit Money Banks operating in the country on Saturday night following…
Read MoreMarketers Give Three Conditions For Fuel Availability
Oil marketers have given three conditions for continued supply and distribution of petroleum products, as shortages crept in once again…
Read MoreCBN Grants National Banking Licence To Fortis MFB
The Punch reports that the Central Bank of Nigeria has granted a national banking licence to Fortis Microfinance Bank Plc.…
Read MoreCBN Cuts Overseas Spending To $50,000 Annually
CBN Governor, Godwin Emefiele Following last week’s announcement by the bankers committee that the daily spending limit on the naira…
Read MoreCBN To Introduce Commemorative N100 Notes On Friday
The Central Bank of Nigeria on Sunday said the commemorative N100 note would go into circulation on Friday. “The commemorative…
Read MoreFG May Soon Remove Petrol & Kerosene Subsidies – Minister Of Petroleum
The Federal Government may have concluded plans to stop subsidizing the consumption of petroleum products in the country, especially petrol…
Read More“Sanusi Is Still CBN Governor” – GEJ
Goodluck Jonathan insisted that Lamido Sanusi is still the CBN governor. He further explained that he was suspended to enable…
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