N400bn New Notes, N2.2trn Old Notes in Circulation - CBN
Nigeria’s currency in circulation, which hit N2.60 trillion in June, might comprised N400 billion new notes and N2.2 trillion old bank notes.
According to the latest data from the Central Bank...
Grant BDCs Digital Autonomy, ABCON Urges CBN
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria to grant Bureaux De Change operators (BDCs) digital autonomy to achieve exchange rate convergence.
In a statement...
In Six Months, States Receive N1.51trn FAAC Allocation – NEITI
The 36 states of the federation received about N1.51tn, or 34.5 per cent of the total N4.37tn shared by the three tiers of the government between January and June 2023,...
Banks’ Bad Loans Hit N478bn
At least four banks recorded N478bn non-performing loans during the first half of this year, according to their financial results
Specifically, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc and two other banks reported N478.93bn...
Duty Remittance: Customs, CBN Meet Erring Banks
The Nigerian Customs Service (NCS) on Sunday, said only two banks were deactivated recently by the NCS over their failure to remit duties collected.
It also stated that the erring banks had been reported...
REVEALED: Presidential Tribunal's Judgment Not Drafted by Tinubu Lawyers - PRNigeria Fact Check
The judgement of the Presidential Election Petition Tribunal, PEPT, over the outcome of the 2023 presidential election, delivered last Wednesday, was never drafted by the legal team...
