Foreign airlines operating in Nigeria have expressed dissatisfaction with the initial $61 million payment made by the federal government to address the $800 million in revenue...
By Sodiq Adelakun In a move to decongest its head office and enhance productivity, the Central Bank of Nigeria (CBN) has announced plans to transfer some...
The Central Bank of Nigeria (CBN) has recently disbursed approximately US $61.64 million to foreign airlines through various banks. This information was confirmed by the Acting...
In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has...
By Sodiq Adelakun The Central Bank of Nigeria has announced that cash withdrawals will no longer be permitted from accounts specifically opened for virtual and digital...
By Sodiq Adelakun Nigeria’s foreign exchange reserves have fallen to a six-year low of $32.87 billion at the end of December 2023, according to data from...
By Sodiq Adelakun In a significant announcement on Wednesday, the Central Bank of Nigeria (CBN) has instructed all Nigerian banks and citizens to recognise both old...
The Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of both old and redesigned Naira notes...
By Sodiq Adelakun Amidst ongoing conversations about a fresh round of recapitalisation, the Central Bank of Nigeria (CBN) has released a statement affirming the robustness of...
Mr Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), says an efficient judicial system will attract Foreign Direct Investment (FDI). Cardoso said this...