Inflation: CBN increases banks’ Cash Reserve Ratio, to mop up N5trn from banking industry
Efforts by the Federal Government to curb the rising inflation will lead to N5 trillion cash mop up from the…
CBN to sell N1.64trn Treasury Bills in Q2 of 2024
The Central Bank of Nigeria, CBN, has said it would sale Treasury Bills, TBs, worth N1.64 trillion for the second quarter…
Obi knocks new MPR, says it will worsen economic situation, lead to job loss
The 2023 presidential candidate of the Labour Party, Mr. Peter Obi has given a thumbs down to the new monetary…
President Tinubu Promises Economic Revival, Forms Advisory Committee
President Bola Ahmed Tinubu has assured that an economic revival is forthcoming as he initiates a tripartite Economic Presidential Advisory…
NNPC, CBN Review Banking Services, Strengthen Relationship For Seamless Operation
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Central Bank of Nigeria (CBN) have reviewed the NNPC Ltd.’s decision…
In meeting with Reps, CBN Gov says stabilising naira is a task for all Nigerians
The governor of the Central Bank of Nigeria, CBN, Mr. Yemi Cardoso, yesterday told members of the House of Representatives,…
No Plans To Convert Domiciliary Account Holdings To Naira – CBN
The Central Bank of Nigeria (CBN) says there are no plans by the Federal Government to convert its $30bn domiciliary…
NNPCL Rakes In N2.52trn Profit, N8.8trn Revenue In 2022
The Nigerian National Petroleum Company Limited (NNPCL) increased its revenue profile by 37.2 per cent, from N6.42 trillion in 2021…
FG to save N8tn annually from subsidy removal, FX reform – Oyedele
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Federal Government will be…
Naira falls to N1089/$ on official I&E window
The naira fell to N1089.51/$ on the official Investor and Exporter window on Tuesday. The currency fell by 27.19 per…
CBN lifts ban on cryptocurrency transactions, issues guidelines
The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard…
FG, states, LGAs share N1.08trn as revenue allocation for November
The three tiers of government on Friday shared a total sum of N1.088.783 trillion as revenue allocation for November. The…
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Cheers as Gov. Mbah joins 2024 Coal City Marathon, promises world-class marathon
…Says it’s opportunity for talent discovery, sports, fitness …Participants win big Governor of Enugu State, Dr. Peter Mbah, has received…
Akwa Ibom Governor, Eno Receives Ibiono Ibom House Member Back To PDP
…our governor’s exemplary leadership inspired my return – Hon. Essien Akwa Ibom State Governor, Pastor Umo Eno, has described the…
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