A civil group, the Network Against Corruption and Trafficking Foundation (NACAT), has dragged the Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, and a Deputy …
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In order to maintain stability in the exchange rate, the Central Bank of Nigeria (CBN) spent a total of $17.81billion on interventions at the inter-bank foreign exchange market …
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The Central Bank of Nigeria (CBN) has set new transaction limits on contactless payments after issuing guidelines for commercial banks and other financial institutions to adopt. In a …
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The directive is contained in a new CBN customer regulation, which is aimed at further strengthening the identification process in the banking system. The Central Bank of Nigeria …
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Business NewsFeatured
Nigeria’s foreign debt rises to N49.85 trillion, Surpassing threshold
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Nigeria’s total foreign debt increased from N46.25 trillion in December 2022 to N49.85 trillion ($108.30 billion) as of March 31, 2023. Beginning in June 2023, the recently securitized …
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Last year, the Central Bank of Nigeria redesigned the naira and set a deadline that was later extended in response to public outcry. The Supreme Court, in a …
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President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele from office with immediate effect. According to a brief statement made available …
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