The Association of Bureau De Change Operators of Nigeria (ABCON), has revealed why the Naira is regaining strength against the dollar. “The development stems from the ‘double-edged sword dol…
The Central Bank of Nigeria (CBN) has commenced the clearing of estimated $7 billion outstanding foreign exchange obligations of the Federal Government, on foreign currency forwards contracts owed …
Justice Olukayode Adeniyi of an FCT High Court on Thursday ordered the Economic and Financial Crimea Commission (EFCC) to either release the embattled former Governor of the Central Bank of Nigeria…
The value of the dollar to the naira on Friday, declined in the parallel market, marking the first time in over a month that the local currency has exhibited strength by trading below N1000. …
The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes in the economy. The bank’s Director, Corporate Communications, Isa AbdulMumin, said this…
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in connection with alleged mismanagement of …
A Federal High Court in Abuja has given former Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, until Jan. 25 to appear in court to explain circumstances surrounding the 53 million dolla…
The Central Bank of Nigeria (CBN) has officially refuted recent reports suggesting a plan to redenominate the Nigerian Naira starting from January 2024. This denial comes in response to the …
A Federal High Court (FHC), Abuja, on Monday, ordered the Economic and Financial Crimes Commission (EFCC) and Central Bank of Nigeria (CBN) to immediately transfer the sums of $9.8 million and £74,…
President Bola Tinubu on Monday warned government officials and family members against attending the Federal Executive Council (FEC) meeting without invitation. Tinubu issued the warning bef…
The Emir of Zazzau, Malam Ahmed Nuhu Bamalli, has approved the elevation of Muazu Nuhu Bamali, a Deputy Director at the Central Bank of Nigeria (CBN), to the position of Magajin Garin Zazzau. …
Former Governor of the Central Bank of Nigeria, Godwin Emefiele, is reportedly currently under detention at the Economic and Financial Crimes Commission (EFCC). According to reports, the for…
