Tag
CBN
Nigeria is projected to import 2.1 million metric tons of rice in 2024, which may make the country the top rice buyer globally.
The challenging economic situation of the county has pushed more Nigerians into debt as about N290bn was borrowed from banks in three months.
Chiedu Ugbo, has disclosed that the debt burden of the Central Bank of Nigeria and the NBET within Nigeria's power system is currently estimated to be between N150 billion and N180 billion.
One of Nigeria's digital banks, Eyowo has explained why it has been unable to resume operations even after getting clearance from the Central Bank of Nigeria CBN.
The Central Bank of Nigeria (CBN) has approved the appointment of four new non-executive directors for Abbey Mortgage Bank Plc.
The Central Bank of Nigeria (CBN) have directed all its branches across the country to continue to issue different denominations of the old and redesigned banknotes in adequate quantities to deposit money banks.
Naira crashed against the dollar on Tuesday, falling to 869.91/$1 at the official market representing a 6.99% decline in the local currency.
In a significant development with the potential to revitalize Nigeria's economic landscape, the Central Bank of Nigeria (CBN) has taken decisive steps to clear a long-standing backlog of foreign exchange (FX) obligations, some of which date back to as far as March 2023.
The Central Bank of Nigeria has reported that the debt owed by manufacturers to banks in the country has risen from N5.56 trillion in January 2023 to N6.98 trillion by June 2023.
The company revealed this in a statement released to the media, where it accused BUA Group of sponsoring fake and misleading news about its foreign exchange transactions, approved by the CBN, which were meant for its pan-African operations.
The House of Representatives Public Accounts Committee has summoned the CBN and 11 DISCOs in relation to accusations of mismanaging loans.
The Federal Capital Territory High has ordered the Economic and Financial Crimes Commission (EFCC) to unconditionally release the former Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, or produce him in court on Monday, November 6.