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...
Disengaged staff members of the Central Bank of Nigeria (CBN), who were laid off in a mass termination in 2023, have filed a lawsuit against the...
A report by Nigeria’s Auditor-General has accused the Nigerian National Petroleum Company Limited (NNPCL) of alleged misappropriation of funds and diversion of revenue meant for the...
A Federal High Court in Abuja on Monday ordered the temporary forfeiture of the sum of 49, 700. 00 US dollars allegedly recovered from Dr Nura...
