The House of Representatives has launched an investigation into how government intervention funds and agricultural financing were utilized by various ministries, departments, and agencies between […]
Investigations have revealed that State governors have warned council chairmen against opening an account with the Central Bank of Nigeria (CBN) for the direct payment […]
Central banks worldwide are accelerating efforts to launch digital currencies as part of a broader strategy to modernize financial systems, enhance payment efficiency, and drive […]
The Central Bank of Nigeria (CBN) defended the naira against the dollar by selling $197.71 million to authorised foreign exchange dealers in the country’s official […]
The World Bank has clarified that its planned $10.50 million financing to the Central Bank of Nigeria (CBN) is a grant, not a loan. This […]
The Central Bank of Nigeria (CBN) has vehemently denied online claims that it had introduced ₦5,000 and ₦10,000 banknotes to ease cash transactions. In a […]
The Central Bank of Nigeria (CBN) has reported the highest Net Foreign Exchange Reserve (NFER) position as of the end of 2024. According to CBN […]
Nigeria’s domestic economy recorded significant growth in Q4 2024, expanding by 3.84% to reach N22.61 trillion, according to the latest Central Bank of Nigeria (CBN) […]
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s external debt stock climbed to N66.14 trillion ($43.03 billion) in Q3 2024, accounting for 23.14% […]
The Nigerian electricity sector experienced a slowdown in the fourth quarter of 2024 (Q4 2024), with the electricity production index decreasing by 1.64% compared to […]
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