CBN
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Economy
We’ill publish names of owners of unclaimed balances annually – CBN
The Central Bank of Nigeria, CBN, said it would publish the names of owners of unclaimed balances in dormant accounts…
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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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