CBN Sets Records Straight on Forex Use in Oil Sector
The Central Bank of Nigeria (CBN) has noted some misreporting that falsely implies the Bank disbursed US$1.259 billion to major oil sector operators for...
Category : Business
Maiduguri, Damaturu Suffer Partial Power Disruption Due to Transmission Tower Vandalisation
The Transmission Company of Nigeria (TCN) has announced that its Tower T347 along the Gombe–Damaturu 330kV transmission line was vandalized on Friday, October 24,...
Nigeria Removed from FATf Grey List, CBN Welcomes Development
The Central Bank of Nigeria (CBN) welcomes the Financial Action Task Force’s (FATF) formal announcement of Nigeria’s removal from the list of jurisdictions under...
FG Strengthens Partnership With IsDB to Fast- Track Roads Projects
The Honourable Minister of Works, Engr. David Nweze Umahi, has reiterated the Federal Government’s commitment to strengthening partnerships with international development institutions to fast-track...
TCN Commends Swift Intervention of Security Operatives, Host Community Leading to Arrest of Vandalism Suspects
The Transmission Company of Nigeria (TCN) has announced that security operatives, in collaboration with community vigilantes, have successfully foiled an attempt by vandals to...
Cardoso & Co Mark Second Anniversary With New Lecture Series
The Central Bank of Nigeria has established a new lecture series- the CBN Governor’s Lecture Series – which took off on 3rd October, 2025,...
Nigeria Launches €175m European Bank Assisted Erosion and Watershed Management Project
The Federal Government of Nigeria has launched the European Investment Bank (EIB) Assisted Nigeria Climate Adaptation – Erosion and Watershed Management Project (NEWMAP-EIB) in...
Monetary Policy Ratios: CBN Shuffles the Cards
The Central Bank of Nigeria through its organ, the Monetary Policy Committee announced Tuesday a reduction in the Monetary Policy Rate from 27.5 to...
Borno Meets NEWMAP-EIB Conditions, Qualifies for Disbursement
Borno State has emerged as one of the 23 participating states that has qualified for disbursement having scaled all the mandatory hurdles, according to...