Nigerian Banks Record Significant FX Revaluation Gains in H1 2023, Prompting Regulatory Response
Nigerian leading commercial banks have reported substantial foreign exchange (FX) revaluation gains estimated at around N1.7 ...
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Tag: Central Bank of Nigeria
Foreign Currency Shortages Strangle Nigerian Businesses Dependent on Imports
In a concerning turn of events, Nigerian businesses heavily reliant on imports are feeling the squeeze ...
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Nigerians Abroad Send Record $20 Billion Home, Sub-Saharan Africa’s Highest Remittance in 2022
In a recent World Bank study, it was revealed that Nigerians living abroad sent a staggering ...
Read moreNigeria Yet to Clear $10 Billion Forex Debt to Banks; Naira Depreciates
*Lagos, Nigeria - September 25, 2023:* Over two weeks after the Central Bank of Nigeria (CBN) ...
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Special Investigators Question Over 20 Individuals Linked to Central Bank of Nigeria in Probe
A special investigation team appointed by President Bola Tinubu to probe the Central Bank of Nigeria ...
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Outgoing Finance Director of CBN Arrested by DSS Over Alleged Audited Account Irregularities
The outgoing Finance Director at the Central Bank of Nigeria (CBN), Benjamin Fakunle, has been arrested ...
Read moreCBN May Be Asked to Withdraw Audited Financial Reports Amid Investigation
The Central Bank of Nigeria (CBN) could face a request to withdraw its recently released audited ...
Read moreCentral Bank of Nigeria to Repay Outstanding Forward Contract Debts to Banks
**Date:** September 5, 2023 The Acting Governor of the Central Bank of Nigeria, Folashodun Shonubi, has ...
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Inexperienced Boy Bought Private Jet Under Buhari – Emir Sanusi
**Date:** September 4, 2023 *Abuja, Nigeria*: Former Emir of Kano, Muhammadu Sanusi II, has criticized the ...
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Anchor Borrowers’ Loan Scheme : Tinubu Orders Security Agencies To Recover Cash
*Abuja, Nigeria - September 1, 2023* - Nigeria's ambitious Anchor Borrowers' Loan Scheme, established by the ...
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