Local governments across Nigeria are encountering a fresh challenge in their bid to receive monthly allocations directly from the Federation Account, as the Central Bank of...
The Nigerian currency, Naira, gained value in the official foreign exchange market yesterday, appreciating to N1,493 per US dollar, according to data from the Central Bank...
The Central Bank of Nigeria (CBN) on Monday announced the release of the Nigeria Foreign Exchange (FX) Code, which comes as the Naira shows signs of...
The Federation Account Allocation Committee (FAAC) has decided not to directly disburse statutory monthly allocations to the country’s 774 local governments this month due to their...
The naira continued its downward trajectory in value, coinciding with a decline in Nigeria’s external reserves. This comes as banks resumed selling Business and Personal Travel...
The 774 local governments in Nigeria are set to open dedicated accounts with the Central Bank of Nigeria (CBN) to receive direct allocations from the Federation...
The Federal Government has finalized plans to distribute ₦75,000 in cash to 70 million Nigerians as part of efforts to alleviate economic hardship. This initiative was...
Nigeria’s foreign reserves have declined by $359.91 million in just one week, falling from $40.91 billion on January 7, 2025, to $40.56 billion by January 13,...
The Central Bank of Nigeria (CBN) has imposed a total fine of ₦1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure sufficient availability...
The Nigerian Communications Commission (NCC) is set to release the names of 18 banks that have failed to settle their outstanding debts for utilizing Mobile Network...
