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Nigerian Govt Settles CBN Debt, Boosts Investor Confidence

Nigerian Govt Settles CBN Debt, Boosts Investor Confidence

The Finance Minister, Wale Edun, has announced the allocation of N4.83 trillion from Treasury Bills and Bonds to settle the outstanding Central Bank of Nigeria (CBN) debt. This strategic move, revealed during a presentation at…

Again, CBN Sells $10,000 To BDCs At N1,101/$

Again, CBN Sells $10,000 To BDCs At N1,101/$

The Central Bank of Nigeria (CBN) has announced its plan to sell $10,000 to Bureau De Change (BDC) operators at N1101/$, New Telegraph. reports. This was contained in a circular addressed to the President of…

CBN Sells N1trn FG Securities To Foreign Investors

CBN Sells N1trn FG Securities To Foreign Investors

The Central Bank of Nigeria (CBN), has successfully concluded a sale of government securities, issuing N1.053 trillion (US$680 million) in short-term instruments as part of its liquidity management exercise. The apex bank said  79 per…

S/East Nominee Rejects Tinubu’s Appointment As CBN Board Of Directors

S/East Nominee Rejects Tinubu’s Appointment As CBN Board Of Directors

Urum Kalu Eke, the nominee for membership of the Central Bank of Nigeria (CBN) Board of Directors from South East has rejected his appointment. New Telegraph reports that Eke rejected his nomination by outrightly shunning the…

Senate Confirms Four Of Five Nominees As CBN Directors

Senate Confirms Four Of Five Nominees As CBN Directors

The Senate on Thursday confirmed four nominees out of the five people sent for members of the Board of Directors of the Central Bank of Nigeria (CBN). The nominees were confirmed after Tokunbo Abiru, the…

CBN Gov To Appear Before Reps Committee Over REMITA Leakages

CBN Gov To Appear Before Reps Committee Over REMITA Leakages

The House of Representatives Committee on Public Accounts (PAC) has summoned the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso to appear before them on Tuesday, March 5, unfailingly, regarding issues with leakages on the…

Forex Seller Above $10,000 Must Declare Source – CBN

Forex Seller Above $10,000 Must Declare Source – CBN

The Central Bank of Nigeria (CBN) on Saturday directed all foreign exchange sellers who sell to Bureau De Change (BDC) for the equivalent of 10,000 dollars and above to declare their forex sources. The Apex…

FG Not Sure Of Crime To Charge Emefiele – Akpabio

FG Not Sure Of Crime To Charge Emefiele – Akpabio

The President of the 10th Senate, Godswill Akpabio has said the allegations against Godwin Emefiele, embattled former governor of the Central Bank of Nigeria (CBN), are so numerous that the Federal Government does not know…

Tinubu Seeks Senate’s Confirmation Of CBN Board Directors

Tinubu Seeks Senate’s Confirmation Of CBN Board Directors

President Bola Tinubu on Tuesday asked the senate to confirm five persons as the Directors of the Board of the Central Bank of Nigeria (CBN). Tinubu’s request was contained in a letter read by the…

IMF: Nigeria Facing Worsening Economic Crisis

IMF: Nigeria Facing Worsening Economic Crisis

The International Monetary Fund (IMF) has listed that stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. The IMF made these remarks in its recent report titled, “IMF…