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 Nigerian Naira appreciated in both the parallel and official foreign exchange markets on Wednesday. In the parallel market, the Naira strengthened to ₦1,630 per dollar,...
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 Naira experienced a slight appreciation in the parallel market, trading at N1,660 per United States dollar on Friday, compared to N1,665 per dollar the previous...
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 Nigeria Police have indicated Sterling Bank in an alleged case of money laundering, fraudulent deductions, and other financial misconduct by its staff. This was disclosed...
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...
In a significant step towards curbing terrorism, over 100 financiers of terror activities have been successfully prosecuted and convicted in Nigeria over the last two years....
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...
