CBN
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Economy
Naira drops 11.4% to N927/$1 on official market
The Nigerian Autonomous Foreign Exchange Market, the official FX window, saw a 11.4 per cent depreciation of the Naira against…
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Economy
Union Bank acquisition: CBN investigator summons Lemo, others over deal
The Special CBN Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection with the…
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Economy
Forex: Nigerian government gains N1.4trn revenue in 6 months
Nigeria’s foreign exchange reform in June increased the country’s revenue through FX differences to N1.36 trillion in six months. The…
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Economy
Emefiele, ex-minister, 14 others indicted in CBN probe
Investigator’s report shows massive plunder of apex bank N31.78b paid to print new naira notes £543.45m fixed in British bank…
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Court/Litigation
$11bn judgment: P&ID loses bid to appeal Nigeria’s victory
A London court has quashed an $11bn damage bill against Nigeria lodged by Process & Industrial Developments Limited Gas Company.…
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Economy
Emefiele operated 593 illegal US, UK, China accounts, fixed over £500m – CBN investigator
The former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank…
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Economy
Naira gains as CBN pays banks $6.7bn forex backlog
The Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various…
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Economy
No plans to redenominate naira — CBN
The Central Bank of Nigeria has said that it has no plan to redenominate or restructure the naira notes in…
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Economy
Nigerians spend $340.84m forex on education in six months – CBN
Nigerians seeking admissions to foreign universities spent $340.84m to fund their application between January and June 2023, findings by the…
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Top News
Otukpo robbery: CBN directs banks to open from 8am to 2pm in Benue
The Central Bank of Nigeria,CBN, has put precautionary measures in place against future attacks on commercial banks in Benue State.…
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