The 2022 annual report of the Central Bank of Nigeria (CBN) has revealed that the apex bank spent N155.5 billion on the RT 200 and Naira4Dollar schemes in a bid to drive foreign exchange inflows.
Browsing: ECONOMY
Some stakeholders have commended President Bola Tinubu for the recently inaugurated Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Mr Taiwo Oyedele.
The World Bank has announced it will halt new loans to Uganda over the country’s controversial anti-LGBTQ law.
Some financial experts have advised the Federal Government to engage a consortium of audit firms to investigate the Central Bank of Nigeria (CBN).
The Nigerian government, through the Office of the Vice President (VP), Kashim Shettima, is set to launch a digital hub that will empower one million youths across the country with digital and related skills.
A varsity don, Prof. Uche Uwaleke, says the convergence of the Nigerian foreign exchange market is desirable for increased transparency in the financial market.
”A comprehensive forensic audit is on-going at the Central Bank. We are going to do very serious structural review of the civil service payroll. I can’t believe in the numbers I’m seeing and I’ve had that experience before at the state level.
The Naira on Friday appreciated against the dollar, exchanging at N743.07 at the Investors and Exporters window.
Development Bank of Nigeria(DBN) has restated its commitment toward empowering Micro, Small and Medium Enterprises (MSMEs) in the North.
On July 16, 2923, Nigeria’s apex bank, the Central Bank of Nigeria (CBN), upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the electronic currency. The feature will enhance the use of the eNaira by Nigerians who do not have smart phones or access to the Internet.