The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has restated the apex bank’s dedication to cleansing the foreign exchange (FX) market by removing unscrupulous participants and ensuring a stable exchange rate as a foundation for economic recovery.…
The Central Bank of Nigeria (CBN) has turned down Governor Ademola Adeleke’s nomination of former Finance Commissioner, Wale Bolorunduro, as a Director of the Osun State-owned Living Trust Mortgage Bank. Adeleke had appointed Bolorunduro—who previously served in the administration of…
LivingTrust Mortgage Bank Plc has obtained the approval of the Central Bank of Nigeria (CBN) to appoint eight distinguished professionals to its board, marking a strategic effort to enhance leadership and drive the company’s expansion objectives. In a formal notification…
A recent Household Expectations Survey conducted by the Central Bank of Nigeria in February 2025 has revealed that 65.5% of Nigerians support a reduction in lending rates, believing it would benefit the economy. The survey, which assesses public perception on…
…As FG spends ¦ 8.47trn on external debt servicing By Seun Ibiyemi Nigeria has allocated approximately ¦ 8.47 trillion ($5.47 billion) towards external debt servicing between January 2024 and February 2025, underscoring the mounting pressure on government revenue and the…
Nigeria expended a total of $5.47bn on external debt servicing between January 2024 and February 2025, data from the Central Bank of Nigeria have shown. The figures, published on the apex bank’s website, indicate the growing burden of debt obligations…
The Central Bank of Nigeria (CBN) has expressed deep concern over the increasing prevalence of unlawful transactions involving the Naira, calling for urgent measures to curb the trend. CBN Governor, Olayemi Cardoso, made this known during the Bank’s Security Workshop…
By Ismail Azeez, Osogbo The Osun State Government has officially introduced the newly elected Peoples Democratic Party (PDP) local government chairmen and councillors to the Attorney-General of the Federation, Lateef Fagbemi, the Accountant-General of the Federation, Shamsedeen Ogunjimi, and the…
By Seun Ibiyemi The House of Representatives on Tuesday directed the Central Bank of Nigeria (CBN) to immediately suspend the implementation of increased ATM transaction charges and the removal of free ATM withdrawals for customers using other banks’ ATMs, as…
The Central Bank of Nigeria has disclosed that the federal government raised N2.72 trillion through Nigerian Treasury Bills in the first two months of 2025, marking an 8.6% decline from the N2.97 trillion raised during the same period in 2024.…
