Tambuwal Asks CBN Not To Recover $2.1bn Loans To States
Aminu Tambuwal, governor of Sokoto, has appealed to the Central Bank of Nigeria (CBN) to shelve its plan to recover $2.1 billion loans given to state governments as budget support…
Report Banks Hoarding Forex, CBN Tells Nigerians
In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not to panic, saying there is enough forex for business owners,…
Breaking: Court Orders Banks To Unfreeze Accounts Of Alleged #Endsars Promoters
ABUJA–The Federal High Court sitting in Abuja, on Wednesday, vacated an order it made on November 4, 2020, which directed banks to freeze accounts that were linked to alleged promoters…
#ENDSARS: Youth Rep To Sue CBN As Court Unfreezes Accounts
One of the youth representatives in the Lagos Judicial Panel of Inquiry and Restitution for Victims of SARS Related Abuses, Rinu Oduala, has threatened legal action against the Central Bank…
CBN Directs Banks To Close Accounts Of Cryptocurrency Traders
This is according to a circular released to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) on Friday. In January 2017, CBN Had said digital…
Exporters Cry Out, Want CBN To Revisit Pre-Export Policy
Exporters under the auspices of Network of Practicing Non-oil Exporters of Nigeria, NPNEN, Wednesday, cried out and called on Central Bank of Nigeria, CBN, to revisit pre-export policy as it…
Buhari Will Assent N13.588tr 2021 Budget Today
By Olamilekan Alani President Muhammadu Buhari will today sign the N13.588 trillion 2021 Appropriation Bill into law. This is to enable the budget implementation kick off in January next year.…
CBN Releases Categorization For Payment System
The Central Bank of Nigeria (CBN), in line with its commitment to promote a strong and credible payment system, has approved new license categorizations for the payments system. A circular…
Bye -Election: Cross River Police Deploys Over 2, 000 Officers
Cross River State Police Command has deployed over 2, 000 officers and men for the Northern, Senatorial and State House of Assembly Bye Elections slated for the 5th December 2020…
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…
