CBN
-
Economy
Net FX flows increase by 55% to $25.4 billion in six months, says CBN
The Central Bank of Nigeria has revealed that the net foreign exchange flows into the country increased to $25.4bn in…
Read More » -
Economy
CBN sells $876.26m at N1,495 per dollar in retail Dutch Auction System
The Central Bank of Nigeria, CBN said it sold a total of $876.26 million to end users from 26 successful…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More »