Following the most recent liberalisation of foreign exchange rates by the Central Bank of Nigeria (CBN), oil marketers in Nigeria have increased their efforts to import…
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President Bola Tinubu has appointed Folashodun Adebisi Shonubi as the acting Governor of Central Bank of Nigeria. Shonubi’s appointment comes after the suspension of Godwin Emefiele…
With the Supreme Court decision prolonging the legal tender status of the old naira notes through December 31, 2023, stakeholders in the financial sector and banks…
The Independent National Electoral Commission (INEC) has disclosed that it has taken possession of a “substantial part” of the cash it requested of the Central Bank…
Governor of the Central Bank of Nigeria, Godwin Emefiele, has disclosed that commercial banks must accept the old Naira notes even after the expiration of the…
The Central Bank of Nigeria has extended deadline for the swapping of old naira notes till February 10, 2023. Nigeria’s Apex bank made the announcement in…
In an effort to further its goal of turning the largest economy in Africa into a cashless society and saving the nation foreign transaction costs, Nigeria’s…
The Central Bank of Nigeria, CBN, has once more been requested to extend the deadline date for the removal of obsolete naira notes from circulation to…
Nigerian President Muhammadu Buhari has requested that the Senate approve its plan to restructure N23.7 trillion Ways and Means advances given the Federal Government by the…
Nigerian banks for the first time in three years reduced consumer loans by 17 per cent (N400 billion), in one month, following a decline in money…