Minister Adelabu and Incremental Power Stability – Getting Credit Where Due || Austin Isikhuemen
Oloye Adebayo Adelabu, the current Nigerian Honourable Minister of Power, is a first class graduate of accounting. His first major…
Tag: CBN
FG Confirms Recovery of N83B, $609M, €5.4M from Whistler Blowing Policy
Whistleblowing Policy: The Federal Government states that it has successfully recovered more than 83 billion Naira, 609 million dollars, and…
CBN: Next Of Kin Can Now Claim Fund in Dormant Accounts
Next-of-kin, legal agents, or beneficial owners may now make claims for unclaimed funds in inactive accounts, according to the Central…
How Adebayo Adelabu is Steadily Beaming Light on Nigeria at the End of a Dark Tunnel || Business Day
Gradually, light is overcoming darkness in Nigeria’s firmament. Gradually, sighs of relief are replacing groans of despair in the country.…
Oyo: IBEDC Set to Reconnect Lagelu Community After 10 Years
Ibadan Electricity Distribution Company (IBEDC), on Wednesday, rolled out alternative measures to resolve the issue bordering on the continuous disconnection…
FX Rate for Customs Duties Collection Stays Constant for Three Weeks as Naira Stabilise – Nairametrics
The foreign exchange rate for import duties collection by the Nigeria Customs Service (NCS) has stayed at N1474/$ in the…
Alake Presents Gold Bars to Tinubu, Says Sector Reforms Will Strengthen Value of Naira
Solid Minerals Development Minister, Dr. Dele Alake has expressed appreciation to President Bola Ahmed Tinubu for backing reforms in the…
Nigeria’s Forex Reserves Rise to $33.6B in June, As Inflation Rates Fall Below 2.14% – CBN
Nigeria’s foreign exchange reserves have continued to show a steady increase, according to recent data from the Central Bank of…
FG Set to Settle N1.7Trn GenCos, GasCos Debt in 25 Days
…Plans issuance of bonds, promissory notesThe federal government has announced plans to settle an outstanding debt of N1.7 trillion owed…
Tinubu Set to Suspend Import Duties on Food, Drugs
The Federal Government is ready to set in motion a plan to suspend payment of import duties on staple food…
Court Seizes $4.72m, N830.88m, Properties Linked to Ex-CBN Governor, Emefiele
The Federal High Court in Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830,875,611, and several properties…
Opay, Moniepoint, Others to Register New Customers from July
OPay, Moniepoint, and other payment platforms are expected to begin accepting new customers within the next few months, as announced…
Cryptocurrency Platforms Begin Plans to Remove Naira as Trading Option to Prevent Currency Manipulation
Naira has been removed from peer-to-peer cryptocurrency platforms as a measure to prevent currency manipulation. In response to instructions from…
CBN to Direct Banks to Suspend Implementation of Cybersecurity Levy
The Central Bank of Nigeria (CBN) is expected to direct banks to suspend the implementation of the Cybersecurity Levy billed…
EFCC Requests FG to Prohibit Foreign Missions in Nigeria from Accepting Payment for Visa, Other Services in Foreign Currencies
The EFCC has requested the government to prohibit foreign missions in Nigeria from accepting payment for visa and other consular…
CBN Grants Oil Companies 50% of Total Forex Earnings for Financial Commitment
According to the Central Bank of Nigeria, oil companies are allowed to allocate 50% of their foreign exchange earnings towards…
CBN Directs Banks, Mobile Money Operators to Implement 0.5% Cryptosecurity Levy on Transactions
The Central Bank of Nigeria has directed banks to implement a 0.5% cybersecurity levy on transactions. A notice issued by…
EFCC to Move Against Schools Charging Dollars, Other Foreign Currencies
The Economic and Financial Crimes Commission (EFCC) has placed international schools charging tuition in dollars and other foreign currencies under…
CBN Boss, Cardoso Speaks on Declining External Reserves, Reiterates Apex Bank Not Defending Naira
CBN Governor Yemi Cardoso has addressed concerns over the declining external reserves, maintaining that the apex bank is not defending…
Ex-CBN Boss, Emefiele Released After Meeting Bail Condition, As Court Adjourns to April 29
The Former Governor of the Central Bank of Nigeria, Godwin Emefiele, has been released after meeting the bail conditions granted…
CBN Continues Staff Restructuring, Terminates 40 Staff
The Central Bank of Nigeria (CBN) has proceeded with its staff restructuring by terminating the employment of 40 individuals, primarily…
EFCC Arraigns Emefiele for Alleged $4.5bn, N2.8bn Fraud
The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, April 8, 2024, arraigned a former…
CBN Generates N7.7 Trillion from Treasury Bills, Open Market Operations in First Quarter
In its efforts to address surplus liquidity in the banking sector, the Central Bank of Nigeria (CBN) successfully generated a…
