CBN Clears $2bn Fx Liabilities Owed to 14 Banks, Others
….Puts In Place Independent Forensic Verification Protocol The Central Bank of Nigeria (CBN), in its bid to clear the backlog of outstanding foreign exchange liabilities,...
Category : Business
Light Rail Project: Wike Expresses Displeasure at Security Lapses, Pace of Work
… Troubled Over Possibility of Not Meeting May 2024 Completion Date The FCT Minister, Barrister Nyesom Wike has expressed dissatisfaction with observable security lapses at...
CBN Appoints New Executives for Union Bank, Keystone Bank, and Polaris Bank
Following the dissolution of the Board and Management of Union Bank, Keystone Bank and Polaris Bank on Wednesday, January 10,the CBN has appointed new executives...
FG Descends on Board, Management of Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank. The Apex bank explained that...
Nigerian President Bola Tinubu Suspends Minister of Humanitarian Affairs, Betta Edu
…Makes History as First Tinubu Minister to be Suspended President Tinubu has announced the suspension of the Minister of Humanitarian Affairs and Poverty Alleviation, Dr....
“No Cause for Alarm”, CBN Assures Depositors
The Central Bank of Nigeria (CBN) has advised bank customers to proceed with their banking transactions without any fear whatsoever. This assurance is contained in...
PH Refinery: NNPC Ltd Achieves Mechanical Completion, Flare Start-up of Area 5 Plant
The Nigerian National Petroleum Company (NNPC) Ltd. has completed mechanic rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC). Rehabilitation work...
Cash Scarcity: CBN Warns Banks, PoS Operators Over Sharp Practices
…Provides Digital Feedback BoxTo Address Complaints The Central Bank of Nigeria (CBN says its attention has been drawn to alleged cases of collusion between some...
Over N3.4 trillion Cash Currently in Circulation Compared to N1trillion in Feb -CBN
…….Says Hoarding Responsible for Cash Scarcity, Appeals for Patience The Central Bank of Nigeria (CBN) has stated that over N3.4 trillion Cash is currently in...
Digitalisation is Cost Effective – Wale Edun
The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, said the Ministry of Finance is spearheading digitalisation for the purpose of achieving...