According to sources, Cardoso procured two additional SUVs for use in Lagos and Abuja, despite the availability of armored vehicles in the existing convoy. Furthermore, about 20 new Toyota Camry cars were allegedly purchased for CBN management and board members at a rate of N85 million each. Reports also indicate that the governor and his deputies have significantly increased their annual housing allowances to nearly N1 billion, despite residing in official residences in Abuja’s Maitama district.
Browsing: CBN
The Central Bank of Nigeria (CBN) reported a significant increase in remittance inflows, reaching $553 million in July 2024—a 130% increase from the same period in 2023.
“The merger is contingent upon the financial support from the CBN. The fund will be instrumental in addressing Unity Bank’s total obligations to the Central Bank and other stakeholders.
“In any case, if the Dangote refinery is unable to meet local demand, the gap can be filled by imports, these people in NNPC do not want to end their lucrative subsidy scam, and I don’t think they will end it.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the country’s baseline interest rate by another 50 basis points to 26.75 per cent.
The Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent.
The Central Bank of Nigeria (CBN) has implemented stricter regulations for managing dormant accounts and unclaimed financial assets in banks and other financial institutions.
The Central Bank of Nigeria (CBN) may spend up to $110.81 million to sell foreign exchange (FX) to eligible Bureau…
The Central Bank of Nigeria (CBN) has projected that Nigeria’s external reserves could reduce slightly in 2024.
The Corporate Affairs Commission (CAC) has announced plans to cancel the certificates of incorporation for Bureaux De Change (BDCs) whose…