Currency in Circulation Falls 2.6tn to 2.59tn in Five Months The total amount of currency-in-circulation in the country dropped from N2.6tn (N2,603,266m) as of the end of June 2023 to N2.59tn (N2,595,761m) as of the end of July 2023. This is the first time the figure...

CBN Launches FX price verification system portal The Central Bank of Nigeria has introduced a foreign exchange price verification system designed for importers to have access to forex. The apex bank in a statement from its Trade and Exchange Department on Thursday night, said a price...

NDIC to Probe Directors of Failed Banks for fraud, Malpractices The Nigeria Deposit Insurance Corporation has disclosed plans to probe directors of some failed banks in the country. The Managing Director, NDIC, Mr Bello Hassan, said this during a capacity building workshop for law enforcement agencies...

Recent Pension Scheme Unattractive - NLC President The Nigeria Labour Congress (NLC), on Thursday, declared that the pension system in the country had failed to address the fears of Nigerian workers. In buttressing its claim, the NLC revealed that the inefficiencies in the system recently made...

Illicit Funds Draining Nigeria's Revenue, Foreign Reserves - ICPC Boss The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has said Illicit Financial Flows (IFFs) remain a drain on Nigeria’s potential revenue accretion and foreign exchange reserves. He said...

Every Kobo of Nigeria’s Revenue will Count Under Tinubu, Says Aide The Special Adviser to the President on Revenue, Zacch Adedeji, has said the administration of President Bola Ahmed Tinubu will ensure that every kobo of the nation’s revenue counts. He said this at a one-day hybrid...