Business
CBN to sell N1.64trn Treasury bills in Q2 2024
The Central Bank of Nigeria (CBN) has said it will sell Treasury bills (TBs) worth N1.64 trillion for the second quarter of 2024...
Nigeria lacks sufficient reserves to tackle FX demands, backlog in the market, says expert
An economist, Mr. Esili Eigbe, has said Nigeria lacked sufficient reserves to tackle the demands for foreign exchange and the backlog in the...
CBN to sell dollar at N1,301 to authorized BDC
In its bid to increase liquidity, strengthen the naira, and curb distortion at the retail end of the FX market, the nation’s apex...
Economic hardship: Elumelu to partner MOFI to boost economy
Nigerian philanthropist and Chairman of Heirs Holdings Group, Mr. Tony Elumelu, has expressed readiness to partner with and support the Ministry of Finance...
NSA, CBN join forces to curb illicit activities in forex market
In its bid to strengthen Nigeria’s foreign exchange market, the Office of the National Security Adviser (ONSA) says it has joined forces with...
CBN stops dollar cash payments for BTA, PTA
The Central Bank of Nigeria (CBN) has announced that it will no longer allow dollar cash payments for Business Travel Allowance (BTA) and...
Wigwe’s death: Access Holdings appoints Bolaji Agbede its Ag. CEO
Access Holdings Plc has announced the appointment of Ms. Bolaji Agbede as its Acting Group Chief Executive Officer. This followed the death of...
We must moderate our demands for forex, says Cardoso
The governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called on Nigerians to cut down on their demands for...
NNPCL, CBN partner for seamless banking operations
In their bid to foster transparency and seamless commercial operations, the Nigerian National Petroleum Company Limited (NNPCL) and the Central Bank of Nigeria...
FG set to disburse N200bln to Nano business owners
Poised to turn around the economic fortunes of Nigeria, the Federal Government has set up three funds amounting to N200 billion. The funds...
E-payment transactions in Nigeria hit historic N600trn in 2023 – NIBSS
Nigeria’s transition to a cashless economy got a significant boost as electronic payment transactions witnessed a dramatic surge from N387 trillion in 2022...
Nigeria’s inflation rate will drop to 21% in 2024, says CBN Gov. Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has guaranteed that despite increasing food and commodity prices, Nigeria’s inflation...
CBN reforms yielding positive results, says Cardoso
Recent reforms introduced by the Central Bank of Nigeria (CBN) are beginning to show positive results in the foreign exchange market, the governor...
GAIN, NCIC award $16,000 to Nigerian innovators for safe, nutritious foods
In a bid to encourage the consumption of safe and nutritious foods in Nigeria, the Global Alliance for Improved Nutrition (GAIN) and the...
CBN uncovers $2.4 bln fraudulent FX backlog of $7 bln outstanding FX claims
The Central Bank of Nigeria Governor, Dr. Olayemi Cardoso, has disclosed that $2.4 billion out of the reported $7 billion outstanding foreign exchange...
Insecurity: Businesses in FCT record 33% drop in revenues – Report
Revenues of businesses in the Federal Capital Territory (FCT) recorded a 33 percent decline between January 2023 and January 2024, a report by...
