The Federal Government has alleged that the Central Bank of Nigeria (CBN) misappropriated ₦2.73 trillion in interest payments tied to the Ways and Means advances. This...
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have taken decisive action to address the ₦250 billion Unstructured Supplementary Service Data (USSD)...
The Central Bank of Nigeria (CBN) has introduced a temporary arrangement allowing Bureau de Change (BDC) operators to purchase up to $25,000 in foreign exchange weekly...
The Nigerian House of Representatives has announced plans to present ₦704.91 million on December 31, 2024, as part of efforts to assist vulnerable Nigerians facing economic...
The Nigerian Naira experienced mixed movements in the foreign exchange market as of yesterday. In the parallel market, the Naira saw a slight appreciation, rising to...
The Office of the National Security Adviser (ONSA) has revealed that the combined efforts of the military, police, and other security forces led to significant gains...
Nigeria’s headline inflation has risen to 34.60% in November, according to the latest report from the National Bureau of Statistics (NBS). The report revealed an increase...
In a decisive effort to curb the unauthorized distribution of freshly minted naira notes, the Central Bank of Nigeria (CBN) has announced a penalty of N150...
The Court of Appeal in Abuja has overturned a Federal High Court ruling that had prohibited the release of federal monthly allocations from the consolidated funds...
The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI) has blamed the escalating cash scarcity in Nigeria on the Central Bank of Nigeria’s...
