The Association of Local Governments (ALGON) announced on Sunday that the 774 local governments in Nigeria must create special accounts with the Central Bank of Nigeria…
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The Central Bank of Nigeria (CBN) disclosed that, as of September 2024, 95.66 per cent of bank debtors had taken out loans from microfinance institutions. Given…
In a strong stance against cash flow disruptions, the Central Bank of Nigeria (CBN) has penalised Deposit Money Banks (DMBs) for failing to provide Naira notes…
As of September 2024, technology and telecom companies in Nigeria owed banks a total of N1.69 trillion. This comes at a time when these companies seek…
The naira ended the week on a weaker note against the dollar at the official foreign exchange market, marking a depreciation in its value. According to…
The Central Bank of Nigeria (CBN) has introduced two new financial products, the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA), to…
The Accountant General of the Federation (AGF), Dr Oluwatoyin Madein, disclosed that the Nigerian government’s consolidated financial statement for 2022 has been delayed because of difficulties…
The Central Bank of Nigeria (CBN) has declared that it will no longer grant extensions for exporters to repatriate their export earnings. This regulation goes into…
The Nigeria’s Government’s deficit spending increased by 28% year-on-year, reaching ₦12.1 trillion in the first ten months of 2024. Data from the Central Bank of Nigeria’s…
According to data from the Central Bank of Nigeria (CBN), net foreign exchange (FX) inflows into the economy increased by 65.7% year-on-year (YoY), reaching $46.92 billion…