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Rivers State Sole Administrator Ibas Releases Withheld Local Government Allocations

KEY POINTS Rivers State Sole Administrator Ibok-Ete Ibas has released withheld local government allocations,...
News

Civil Society Groups Condemn State of Emergency in Rivers

KEY POINTS Civil society groups have condemned the declaration of a state of emergency...
News

Cardoso Calls for Skilled Graduates to Strengthen Finance Sector

CBN Governor Olayemi Cardoso stresses the need for more skilled finance graduates to drive Nigeria’s economic growth, calling for enhanced collaboration with academic institutions.
News

CBN to Reveal Owners of Dormant Accounts Annually

The CBN will publish the names of dormant account owners annually to enhance transparency and manage unclaimed balances effectively.
News

Nigeria’s Economic Woes: Poor Diversification, Excess Liquidity Cited by CBN

CBN Governor Yemi Cardoso attributes Nigeria's economic woes to poor diversification and excess liquidity, raising interest rates to combat inflation.
News

Nigeria’s Inflation Battle Intensifies as MPC Meets

Nigeria's inflation battle intensifies as the MPC meets to decide on measures to curb rising prices. Key areas include interest rates, currency stability, and food security.
News

Former Currency Director Denies Receiving Naira Redesign Minutes

Former CBN Director Ahmed Umar testifies he didn't receive minutes from the Naira redesign meeting, amidst the trial of suspended Governor Godwin Emefiele.
News

Why CBN Excluded Retained Earnings in Its Recapitalization Terms

In a move aimed at bolstering the stability of Nigeria's banking sector, the Central...
Business

CBN Sells Over N1 Trillion OMO Bills, Attracts Foreign Investors

The Central Bank of Nigeria (CBN) has announced the successful completion of a sale...
Business

CBN Clears $400 Million FX Backlog in One Week

The Central Bank of Nigeria (CBN) has cleared an additional $400 million of foreign...
News

Former CBN Governor Emefiele Vindicated by Economic Crisis

The economic woes that have plagued Nigeria since 2023 have proven the competence and...
Business

Naira Gains Strength as Foreign Reserves Grow**

The Nigerian currency, the naira, has appreciated against the US dollar in the parallel...
News

CBN Bans Cash Payout for Travel Allowances

The Central Bank of Nigeria (CBN) has announced a new policy that prohibits authorized...
News

Nigeria’s Naira Plummets to All-Time Low Against Dollar

Nigeria’s currency, the naira, has fallen to a record low of 1,534.39 per dollar...
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News

Rivers State Sole Administrator Ibas Releases Withheld Local Government Allocations

KEY POINTS Rivers State Sole Administrator Ibok-Ete Ibas has released withheld local government allocations,...
News

Civil Society Groups Condemn State of Emergency in Rivers

KEY POINTS Civil society groups have condemned the declaration of a state of emergency...
Business

9mobile Refutes Shutdown Rumours, Pledges Improved Services

KEY POINTS 9mobile has dismissed the network shutdown speculations because these claims lack basis...
News

Customs Intercepts $193,000 Concealed in Yogurt Carton

KEY POINTS The Customs authorities discovered $193,000 worth of concealed funds concealed inside a...

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