$6.2m Fraud: FG Seeks INTERPOL Support to Nab Alleged Perpetrators The special investigator appointed by President Bola Tinubu has requested the Interpol National Central Bureau to place a Central Bank of Nigeria (CBN) staff member and two others on its Red Notice. This follows the discovery...

Tax: Wike Urged To Rethink 5% Tax For Private Schools Parents are urging the Minister of the Federal Capital Territory (FCT), Nyesom Wike to cease his plans to impose a five per cent tax on private schools operating within the territory. Wike recently approved the implementation...

Utomi: CBN ‘missteps’ Contributed To Naira Depreciation According to Pat Utomi, a political economist, ‘missteps’ made by the Central Bank of Nigeria (CBN) contributed to the incessant fall of the naira. Utomi stated this in an interview on Channels Television’s Sunrise Daily on Friday. Recall that the...

Cardoso, Edun, Others Appear Before Senate Committee The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has addressed Senator Adetokunbo Abiru, APC Lagos, East-led Senate Committee on Banking, Insurance, and other Financial Institutions. Edun, who led the economic team, the Governor of the...

Forex: Nigeria Lost $1.4 billion Over Restrictions According to the Central Bank of Nigeria (CBN), Nigeria has lost approximately $1.4 billion over the restriction of forex to 43 items by the Central Bank under the leadership of Godwin Emefiele. The Deputy Governor of the CBN in...

Why CBN, NNPCL Agree to Domicile Oil Firm's Revenue in Apex Bank In an effort to improve efficiency and bolster their commercial activities, the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Central Bank of Nigeria (CBN) have announced their intentions to strengthen their...