CBN Clears Valid FX Backlog, Achieves Clean Slate
"It was important that we go through an independent and credible process that would determine the authenticity of those obligations, and, at this point, I...
Category : Banking and Finance
NIMC, NCC Unveil Collaborative Efforts to Enhance NIN-SIM Linkage Processes
The National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) are pleased to announce a strategic collaboration aimed at enhancing processes related to...
BPP Appeals to AfDB to Urgently Support Nigeria’s Power Sector
The Director- General, Bureau of Public Procurement, Mamman Ahmadu FNIQS, has appealed to the African Development Bank to act quickly and support Nigeria’s power sector,...
CBN Strategies Yielding Results as Dollar Remittances Quadruple, Foreign Investors Return
“All the different measures we have taken to boost reserves and create more liquidity in the markets have started to pay off,” Governor Cardoso said....
Foreigners Bid 79% in Oversubscribed CBN N1 Trillion OMO Bills
The sale was not only oversubscribed but attracted a huge proportion of foreign bids....
CBN Revokes Operational Licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN),in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No....
MPC Targets Inflation Reduction, Raises MPR by 400 Basis Points
The decisions include: raising the MPR from 18.75 to 22:75 per cent, an increase of 400 basis points, adjustment of the asymmetric corridor around the...
Ministry Seeks NAICOM Partnership to Equip Youths With Financial Literacy
He noted that the Ministry had developed a digital platform (app) called Nigerian Youth Academy (NIYA) where Nigerian youth could learn vocational and digital skills....
Herbert Wigwe, 57, Access Bank CEO, Dies in Copter Crash
…..Wife, Son Feared Dead Also The Managing Director/Chief Executive Officer of one of Nigeria leading financial institutions, Access Bank Plc, has died from injuries sustained...
FX Backlog: CBN Clears All Verified Claims By Airlines
….Injects $64m Into Forex Market The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed foreign airlines in...