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Tag: CBN
Tinubu Orders CBN To Suspend Implementation Of Cybersecurity Levy
President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. Tinubu‘s order followed the decision of…
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Banks’ loans to private sector, govt decline by N24tr in March – CBN
The Central Bank of Nigeria, CBN, has said that banks loans to the private sector and the government declined by N24t trillion in March this year. In a money…
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Court adjourns Emefiele’s trial till May 9 as EFCC files additional evidence
The Ikeja Special Offences Court adjourned until May 9 for the defense to review additional proof of evidence provided by the Economic and Financial Crimes Commission (EFCC) regarding the case…
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Customs Generates N1.34tr, Seizes N10.59bn Goods In Q1 2024
The Nigeria Customs Service (NCS) said on Wednesday that it generated a total of N1.34 trillion revenue into the Federal Government coffers in the first quarter (Q1) of this year.…
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Naira sells below 1,280/$ at official, parallel markets
The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase…
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Naira appreciates further to N1382 per dollar as presidency warns speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to…
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CBN Supplies N100bn Worth of Fertilizers to Boost Food Production
The Central Bank of Nigeria has handed over N100bn worth of fertilizers to the Federal Ministry of Agriculture and Food Security to boost food production across the country. CBN Governor,…
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Over $300m Sold To Banks By CBN As Naira Gains
The Central Bank of Nigeria has given over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilize the naira-dollar exchange rate. The…
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How Emefiele Approved Payment of $6,230,000 for International Election Observers – Witness
The First Prosecution Witness, PW1, in the ongoing trial of former governor of Central Bank of Nigeria, CBN, Godwin Emefiele, Ogau Onyeka Michael, on Monday, February 12, 2024, told Justice…
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CBN To Banks: Notify Customers Before Debt Recovery Moves
The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure that the debt recovery process…
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