Tag:CBN

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...

I would have devalued Naira — Peter Obi

The candidate of the Labour Party in the February 2023 Presidential election, Peter Obi has stated he would have devalued the currency if he...

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Energy experts back Dangote, slam marketers over blackmail attempt on fuel price hike

Energy experts in Nigeria’s downstream petroleum sector have defended the pricing structure of the Dangote Petroleum Refinery, accusing some...
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Oye: Nigeria’s Trade Single Window Could Attract $3bn Logistics Investment, Save $18m Annually  

Nigeria could unlock up to $3 billion in logistics investment and generate about $18 million in annual efficiency savings...

What Happened at Aso Rock as Tinubu’s IGP Kayode Egbetokun Resigns

The Presidency has confirmed the resignation of Kayode Egbetokun as Inspector General of Police, citing what officials described as...

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Energy experts back Dangote, slam marketers over blackmail attempt on fuel price hike

Energy experts in Nigeria’s downstream petroleum sector have defended...