EFCC 7,000-man Task Force Clamps Down on Dollar Racketeers
The Economic and Financial Crimes Commission has raised a 7,000-man special task force across its 14 zonal commands to clamp down on dollar racketeers.
In a move to reduce the pressure on the naira, the spokesperson for...
Naira Appreciates to N1,419/$ at FX Market
The naira has recovered against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official window, on Monday.
Naira rose by 1.06 percent to close at N1,419.86 to a dollar — from N1,435/$ recorded at the...
Senate Summons Cardoso over Naira Free Fall
The Senate has summoned the Governor of Central Bank of Nigeria, Olayemi Cardoso, to appear before it on Tuesday next week for questioning.
The Committee on Banking, Insurance and Other Financial Institutions issued the order to answer questions on...
Sell Excess Dollars in 24 Hours - CBN to Banks
The Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024, amid its fresh moves to stabilise the exchange rate.
The CBN, which made the disclosure in...
NNPCL, FG to Remit Dollar Revenue to CBN to Boost FX, Says Cardoso
The Nigeria National Petroleum Corporation Limited and the Ministry of Finance have agreed to remit all their dollar revenues to the Central Bank of Nigeria, CBN, to boost the nation’s External Reserves...
CBN Projects N900bn to Raise Banks Capital – Report
The Central Bank of Nigeria may ask commercial banks with international banking licence to raise their capital base to over N900bn, according to a new report.
This came a few months after the Central Bank of Nigeria...
