BREAKING: CBN Issues New Guidelines For Receipt Of Foreign Remittances
The apex bank in a statement signed by O.S. Nnaji, director of trade & exchange of CBN, said recipients of such remittances may have the option of receiving these funds…
Gowon Ate Food Of Next Generation – Aisha Yesufu
Reactions have continued to trail claims by a member of the British parliament, Tom Tungendhat that former Head of State, Yakubu Gowon allegedly looted half of Central Bank of Nigeria,…
#EndSARS: Protest Costs Nigeria N1.5tn – FDC
By Lukman Amusa The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget, Financial Derivatives…
FG Opens Porter For The N75bn Youth Investment Fund
The federal government says it has opened the portal for Nigerians to apply for its N75 billion youth investment fund. The initiative of the ministry of youths and sports is…
CBN Resumes Forex Sales As Naira Set To Gain
The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today) will strengthen the exchange rate of the naira to the…
Naira Gains 9.7% At Parallel Market
THE naira appreciated on the parallel market on Tuesday. It gained 9.65 per cent against the dollar. Forex traders attributed the appreciation of the currency to Central Bank of Nigeria’s…
Naira Strengthens Against Dollar
Barely 24 hours Naira was forced to a downward trajectory by dollar scarcity it bounced back, closing at N477 to a dollar at the parallel market in Lagos. The Pound…
Senate To Sanction CBN, NPA, FIRS, NIMASA, Others
By Olamilekan Alani The Senate Joint Committee on Finance and National Planning on Wednesday threatened to sanction heads of some revenue generating agencies of the Federal Government if they fail…
National Theatre To Create New Entertainment City And Employment- Lai Mohammed
By Moses Godonu Minister of Information and Culture, Lai Mohammed said upgrading the National Art Theatre in Iganmu, Surulere, Lagos is to create a new entertainment city for TV…
JUST IN: CBN Unveils Plans For Non-Interest Facility In ABP And Others
The Central Bank of Nigeria (CBN) has announced plan to release a framework for integration of non-interest window in all its intervention programmes, particularly the Anchor Borrowers’ Programme (ABP) and…
