‘Naira for Dollar’ policy of the Central Bank of Nigeria (CBN) led to positive accretion to the foreign reserves exactly one month after takeoff.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
Managing Director, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) Aliyu Abdulhameed has recovered 51 per cent of legacy loans.Continue Reading
Nigerian local currency, Naira at the Investors & Exporters Foreign exchange (I & E FX) market on Monday gained slightly by 0.21 percent to close at 409.13 against the dollar.Continue Reading
Senate Committee on Public Account has given the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele till Thursday to appear before the Committee over alleged missing of $9.5m interest accrued from Petroleum Profit Tax (PPT) investment.Continue Reading
Central Bank of Nigeria (CBN) assured members of the public that there was enough foreign exchange for them to meet their obligations. Continue Reading
Godwin Emefiele said that the country’s rising inflation was due to insecurity, and that the decline in purchasing power has increased for the 18th consecutive month, blaming unsafe food-producing areas.Continue Reading
Central Bank of Nigeria (CBN) doubled the Targeted Credit Facility (TCF) to N300 billion from N150 billion.Continue Reading
Effective March 16, 2021, USSD services for financial transactions conducted at DMBs (Deposit Money Banks) and all CBN-licensed institutions will be charged at a flat fee of N6.98 per transaction. This replaces the current per session billing structure, ensuring a much cheaper average cost for customers to enhance financial inclusion,” it read in part this approach is Continue Reading
Central Bank of Nigeria (CBN) has asked Deposit Money Banks (DMBs) to commence the adoption of the contactless payment service option.Continue Reading
