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.
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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.
Some bank customers on Friday alleged bank officials’ connivance with Point of Sale operators (PoS), which makes it difficult for them to easily have access to cash from Automated Teller Machines (ATMs).
The Central Bank of Nigeria (CBN) has urged Nigerians to embrace alternative payment channels such as e-Naira, USSD and other internet banking facilities in line with its cashless policy.
ASHENEWS reports that the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC) have announced the suspension of their planned nationwide protest scheduled to commence on Wednesday over the scarcity of Naira notes.
Some residents of the Federal Capital Territory (FCT) have called on the Central Bank of Nigeria (CBN) to release more banknotes to money deposit banks to ease hardship.