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...

Still on Cybersecurity and National Interest By Winnie N. Chidiebube The recent withdrawal of the cybersecurity levy directive by the Central Bank of Nigeria (CBN) is a significant development. This directive, which mandated banks and other financial institutions to charge a cybersecurity levy on electronic transactions,...

Foreign Exchange: 136% of 2023 Inflows Recorded in QI – Cardoso The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that the foreign exchange inflows recorded in the first quarter of 2024 into Nigeria were about 136 per cent of the...