The Central Bank of Nigeria (CBN) has insisted that the CBN has enough new notes to go around the nation ahead of the January 31 deadline when old notes will cease to be legal tender. The Director of Corporate Communication,…
…Says Fairview did not make binding purchase offer By Seun Ibiyemi The Central Bank of Nigeria (CBN) has denied claims that a higher offer was made during the sale of Polaris Bank, saying that the divestment was an institutional decision…
Nigerian businesses concerned about rising interest rates and macro-economic issues have halted borrowings from the bond market. According to data from Afrinvest Securities, there were 13 corporate bond issuances with a total value of N170.80 billion in 2022, which is…
The attention of the Central Bank of Nigeria (CBN) has been drawn to a spurious, malicious, and misleading online publication, which made several false claims concerning the recent sale of the Federal Government’s interest in Polaris Bank Ltd. Given the…
Human Rights Writers Association of Nigeria, HURIWA, on Wednesday, queried the Central Bank of Nigeria, CBN, over the scarcity of new naira notes, a few weeks to the deadline for the validity of the old N200, N500 and N1,000 banknotes.…
With the Central Bank of Nigeria’s (CBN) pronouncement that the non-oil exporters repatriated the sum of $4.99 billion into Nigeria in 2022. The Governor of the CBN, Godwin Emefiele, disclosed this while delivering a keynote address at the second edition…
The corpse of Oreoluwa Fatinoye, son of the couple who were allegedly killed by assassins in Abeokuta on new year’s day, has been recovered from Ogun river. Newsmen reports that the deceased was reportedly thrown into a river on Adigbe-…
The Senate has urged the Central Bank of Nigeria (CBN) to urgently extend the withdrawal date of old currency notes from Jan. 31, 2023 to June 31. The upper chamber’s resolution was sequel to a point of order raised by…
…As NASS passes 2023 Appropriation Bill, raises budget by N1.31trn …Works & infrastructure, Defence, Education, Health get lion share …Senate approves Buhari’s N819.5bn Supplementary Budget request for 2022 The review of the structure for the payment of N23.7 trillion loans…
By Idris Bakare Against the backdrop of the recent restrictive measures of the Central Bank of Nigeria (CBN), Stransact, Nigeria’s correspondent firm for the sixth largest international accounting firm, RSM, has cautioned against excessive regulation of the volume of cash…
