The stock market witnessed a second consecutive day of decline on Tuesday, dropping by 1.38% in response to the outcome…
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday increased the Monetary Policy Rate (MPR)…
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources.
The Nigerian Upstream Petroleum Regulatory Commission has put plans in motion to relocate some of its units to Lagos, a document sighted by ChannelsTV reveals.
The Nigerian government has placed three citizens on the watchlist of Interpol for allegedly conspiring with the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, who allegedly forged former President Muhammadu Buhari’s signature to steal $6.2 million from the apex bank.
Complying with the directives, Ecobank Nigeria, in a notice, said several IMTOs including Western Union, MoneyGram, Rapidtransfer, Ria, and other IMTOs approved by the Central Bank of Nigeria have been affected.
The Central Bank of Nigeria (CBN) has abolished the spread of Foreign Exchange Transactions, as announced in a statement from the CBN Financial Markets Department, signed by Duke Omolara Omotunde.
A Nigerian political economist, Prof. Pat Utomi has claimed that the Central Bank of Nigeria’s (CBN) ‘missteps’ had contributed to the tumbling value of the naira.
The Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that the current inflation rate will drop to 21% this year. According to the National Bureau of Statistics (NBS), Nigeria’s inflation has been on the rise for 11 consecutive months, reaching a new high in December 2023.
“It is an arbitrary order capable of undermining the operational independence of the NNPCL. By this order, Mr. President has wrested control of the finances of the NNPCL and donated the same to the Federal Ministry of Finance and the Central Bank of Nigeria. This is an unprecedented act, without any legal or ethical basis. It is also a violation of the principle of due process in public administration”