The Department of State Services (DSS) has arrested the Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL), Abbas Umar Masanawa.
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The big issue, Prof. Ekekwe lamented, was the borrowing of “$billions from US banks, and securing/collateralizing the loans with the national foreign reserves or other asset classes, without informing the Nigerian people and the National Assembly.”
A financial economist, Prof. Uche Uwaleke, has commended the Central Bank of Nigeria (CBN) for publishing the financial reports of the bank after seven years.
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.
Nigerian President Bola Tinubu has appointed the Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN), Jim Osayande Obazee, as a Special Investigator to probe the Central Bank of Nigeria (CBN) and related entities.
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.
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.