Naira redesign: Finance Minister counters CBN, says policy will further devalue currency
Zainab Ahmad, Minister of Finance, Budget and National Planning, has distant herself and ministry from the plans of the Central ...
Tag: CBN
CBN pays exporters N42billion for repatriating $1.3billion
The Central Bank of Nigeria (CBN) paid exporters N42 billion for repatriating $1.28 billion through its official window. The Managing ...
Polaris Bank sold for N50bn, new owners to repay CBN’s N1.3trn capital injection in 25 years
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the acquisition of ...
JUST IN: CBN, AMCON announce sale of Polaris Bank, name new owners
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the completion of ...
No error, sale of Polaris Bank followed due process – Reps
Henry Nwawuba, Chairman, House of Representatives Ad hoc Committee investigating the sale of Polaris Bank Limited, on Thursday, said the ...
Nigeria’s forex reserves plunge to 12-month low of $37.8bn
Nigeria's foreign currency reserves dropped to one-year low of $37.8bn in the middle of October 2022. The latest drop is ...
Nigerians spent $609.5m for foreign education in eight months
Figures from the Central Bank of Nigeria (CBN) show that Nigerians spent $609.5m on foreign education between January and August ...
JUST IN: CBN increases interest rate again, third time in 2022
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest ...
Trapped funds: CBN releases $265m to airlines
The Central Bank of Nigeria (CBN), on Friday, released $265m to airlines operating in the country as part of efforts ...
Moghalu advises FG to fund political parties
Kingsley Moghalu, former presidential candidate of the Young Progressives Congress (YPP) and deputy governor of the Central Bank of ...