Tag:CBN

How we uncovered $2.4bn false forex claim — CBN governor, Cardoso

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog is not valid for...

Cash scarcity: Nigerians groan as banks, PoS operators trade blame

Some residents of Ibadan have decried the persistent cash scarcity, even asamidst banks and Point of Sales (PoS) operators are trading blames over the...

Emefiele: CBN dissolves Boards of Union, Polaris banks, others

The Central Bank of Nigeria (CBN) has dissolved the boards of Union Bank, Keystone Bank and Polaris Bank. The apex bank in a statement by...

CBN Settles Additional FX Forwards with Banks

In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria...

Emefiele to sue Tinubu’s special investigator

A former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has described the report of the Special Investigator appointed by President Bola...

Customers of closed banks get over N1.7bn

Nigeria Deposit Insurance Corporation (NDIC) says it has paid insured sum of over N1.7 billion to customers, following the revocation of licenses of Microfinance...

Infracorp secures 1 Gigawatt solar PV Manufacturing plant in Nigeria

The Nigerian government has taken a significant step towards addressing the country's power challenges by signing a historic memorandum of understanding (M.O.U.) to launch...

CBN releases $340.84m to Nigerians schooling abroad in six months

Nigerians seeking admissions to foreign universities spent $340.84m to fund their application between January and June 2023, findings by the PUNCH have shown. This figure...

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Bloomberg: Dangote refinery ramps up production with US crude

The 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its...
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Tinubu hails Dangote for crashing price of diesel

President Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price...

Court upholds Ganduje’s suspension as APC chairman

A Kano State High Court has affirmed the suspension of the national chairman of the All Progressives Congress (APC),...

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Bloomberg: Dangote refinery ramps up production with US crude

The 650,000 barrels per day Dangote Crude Oil Refinery...

Tinubu hails Dangote for crashing price of diesel

President Bola Tinubu has commended the enterprising feat of...