Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn, rising by 2,286 per cent in six years, data collated from the CBN have shown.Continue Reading
This volume of shares traded in the financial sector contributed 66.29 per cent to the total turnover while the conglomerate industry followed with 106.138 million shares worth N545.020 million in 1,146 deals.Continue Reading
Central Bank of Nigeria (CBN), secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks.Continue Reading
Federal High Court ordered the management of Jaiz Bank Plc to freeze four accounts belonging to Aquashield Oil and Marine Services upon claim by the Central Bank of Nigeria (CBN) that the accounts are being used for illegal foreign exchange (forex) trading.Continue Reading
Mobile Money Operators (MMOs) are to maintain a minimum of N2 billion capital base, the Central Bank of Nigeria (CBN) has directed in a circular signed by its Director, Payments System Management Department, Musa Jimoh.Continue Reading
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