National Assembly Suspends Amendment of CBN Act The National Assembly Committee on Banking, Insurance and other Financial Institutions has decided to pause the amendment process for the bill titled “An Act to Amend the Central Bank of Nigeria Act No. 7 of 2007.” This decision was...

CBN: Turning Brain Drain to Brain Gain Through Diaspora Remittances  By Abdulrahman Abdulraheem Greener pastures and brain drain are two phrases that made it into Nigeria’s national lexicon in the 70s and 80s as the country’s youths began to emigrate in droves in search of the...

Credit for Importation of Goods Dropped by 62% in Q1 2024 – CBN Nigeria recorded $204.47 million as letters of credit payments in the first quarter (Q1) of 2024. According to the international payments data obtained from the Central Bank of Nigeria (CBN) on Sunday, the...

We Created 60,000 Jobs in One Year Through Strategic Interventions - Kyari Senator Abubakar Kyari, Minister of Agriculture and Food Security, announced on Monday that the federal government has created nearly 60,000 jobs in the past year through strategic agricultural interventions. Senator Kyari made this disclosure...

Credit for Importation of Goods Dropped by 62% in Q1 2024 – CBN Nigeria recorded $204.47 million as letters of credit payments in the first quarter (Q1) of 2024. According to the international payments data obtained from the Central Bank of Nigeria (CBN) on Sunday, the...

Court Orders Forfeiture of $4.7m, N830m, Assets Linked to Emefiele A Federal High Court sitting at Ikoyi, Lagos has ordered an interim forfeiture of the sums of $4,719,054 million USD, N830,875,611 million, and several properties linked to the embattled former Governor of the Central Bank...