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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…

Nigeria‘ll Witness Economic Improvement In 2024 Under Tinubu, Group Assures

Nigeria‘ll Witness Economic Improvement In 2024 Under Tinubu, Group Assures

Based on the Gross Domestic Product (GDP) data from the final quarter of 2023, the Independent Media and Policy Initiative (IMPI) has said it is confident that Nigeria will experience economic growth in 2024. Speaking…

Save Naira From Powerful Operators Or Risk Collapse, Ex-MPC Member Tells FG

Save Naira From Powerful Operators Or Risk Collapse, Ex-MPC Member Tells FG

Former member of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), Sam Olofin has said that the naira needs to be saved from the clutches of “powerful operators” in the parallel market, which…

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…

Presidency Fires Atiku Over Comment On CBN Running Like Emefiele

Presidency Fires Atiku Over Comment On CBN Running Like Emefiele

Following the comment made by the former Vice President, Atiku Abubakar, the Presidency has accused him of recommending Godwin Emefiele’s failed foreign exchange management model to the Governor of the Central Bank of Nigeria (CBN),…

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…