The Senate has announced plans to summon the Central Bank of Nigeria (CBN), Nigeria Port Authority (NPA), Nigerian National Petroleum Company Limited (NNPCL), Dangote Group, and…
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The Central Bank of Nigeria (CBN) has again hiked the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%…
The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau de Change (BDC) operators at a rate of 1,450…
The Central Bank of Nigeria (CBN) gave Nigerians new hope on Monday, stating that the economy will recover from its current troubles. CBN Governor Olayemi Cardoso,…
The Central Bank of Nigeria (CBN) has threatened to penalise deposit money banks (DMBs) that reject mutilated naira notes. In a statement on Thursday signed by…
The Nigerian government has slammed a 7.5% Value Added Tax (VAT) on cryptocurrency transactions.The cryptocurrency platform KuCoin disclosed in a recent email that on July 8,…
The chairman of Dangote Group, Aliko Dangote, has criticised the Central Bank of Nigeria (CBN) for raising interest rates to nearly 30%. He argued that such…
The Socio-Economic Rights and Accountability Project (SERAP) has asked Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), to clarify the whereabouts of over…
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC) Bello Hassan, has stated the reason for delays in payment of Heritage Bank customers. He said…
The World Bank reports that Nigeria received $19.5 billion in diaspora remittances in 2023. The report highlights the substantial economic contributions from Nigerians abroad while acknowledging…