The Central Bank of Nigeria (CBN) has assured that the old N200, N500, and N1,000 naira notes would be phased out gradually while issuing new currencies.
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The Nigeria Data Protection Commission (NDPC) says it is investigating three banks, one university and other suspects over alleged data breach.
The maritime sector will have 40 percent increase as import duty for goods imported to Nigeria, as the Central Bank of Nigeria (CBN) and the Nigeria Customs Service have taken the ongoing foreign exchange reforms to sector.
A statement by the global bank on Tuesday, said it approved the loan for Nigeria to scale up financing for Nigeria Women Programme, for which $100 million was initially approved on June 27, 2018.
South African businessman, Johann Rupert has taken over from Nigeria’s Aliko Dangote, as Africa’s richest man, following the Central Bank of Nigeria (CBN’s) depreciation of the Naira.
Nigeria’s total public debt has risen to N82 trillion from N73 trillion following the unification of the naira.
The Central Bank of Nigeria (CBN) has denied a news report that it has devalued the country’s currency, the Naira.
President Bola Tinubu, has promised to revisit the naira redesign policy of the Central Bank of Nigeria (CBN).
A financial expert, Prof. Uche Uwaleke, says the Ways and Means Advances of the Central Bank of Nigeria (CBN) to the Federal Government is strictly within the purview of the apex bank.
A former deputy governor of the Central Bank of Nigeria (CBN), Mr. Kingsley Moghalu has disagreed with the International Monetary Fund (IMF) on its advocacy for the Nigerian government to increase taxes.