Tag: Central Bank of Nigeria

Naira tumbles to N1,234/$ at official market, speculators resume hoarding

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.…

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NBS Report: Naira Crash Pushes Raw Material Imports To N3trn

Imports of raw materials into the country rose by 25 per cent to N3tn in 2023 and this is according to the Foreign Trade Statistics data published by the National…

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ICAN Throws Weight Behind Senate, N30bn Ways and Means Must Be Recovered

The Institute of Chartered Accountants of Nigeria has expressed support for the move of the Senate to probe the Ways and Means loan to the Federal Government under the administration…

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All Set For CBN To Hold 294th MPC Meeting March 25

The Central Bank of Nigeria has announced the 294th meeting of the Monetary Policy Committee, a crucial gathering that shapes the nation’s economic policies. The apex bank made this known…

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N30trn Ways and Means Probe : CBN Gov To Be Invited By Senate

The Senate Ad-hoc Committee probing the N30tn Ways and Means loans to the Federal Government has discovered 13 infractions in the process of obtaining the loan. The Senate also disclosed…

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Tinubu begins probe of CBN’s N30tr overdraft

Senate President, Dr Godswill Akpabio has inaugurated an ad hoc committee to investigate the N30 trillion Ways and Means Advances released by the Central Bank of Nigeria (CBN) to fund…

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BVN/NIN Linkage:Consider Nigerians in diaspora, WUCO begs CBN

World United Consumer Organisation, WUCO, has urged the Central Bank of Nigeria, CBN, to create remote access methods and alternative procedures for Nigerians in diaspora to be able to link…

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Sanusi narrates how Wigwe saved him during dethronement

Former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi broke down in tears while paying tribute to the late Herbert Wigwe and his family.   Sanusi reflected on…

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Loans Of N30tn: Senate Summons Central Bank Of Nigeria Officials

The Senate has said it will quiz some officials of the Central Bank of Nigeria on how the N30tn Ways and Means loan was obtained and spent by the Federal…

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Excitement As CBN Begins Sales Of Dollars To BDCs

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than…

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