Reps Summon Cardoso Over Reversal of Ban on Rice Importation, Others
House of Representatives has resolved to summon Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, over the lifting of ban on the importation of rice and 43 other items.
Cardoso is expected to appear before...
FG to Clear FX Backlog, Attract More Investors
President Bola Tinubu has reiterated his pledge to clear the foreign exchange backlogs, as a way of resetting the finance ecosystem and attracting fleeing investors back to the country.
The reassurances came as forex scarcity bites harder, leading...
Money Supply Increased to N66.42trn in September - CBN
The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s money supply increased to N66.42 trillion in the month of September 2023, a marginal growth of about 1.94 per cent from N65.15 trillion in August 2023.
The...
Naira Slumps Further , Exchanges 1,190/$
The naira has maintained its downward trend as scarcity of the dollar bites harder.
At the parallel market, naira commenced trading at 1,175/$ and closed at 1,190/$ on Friday.
Two weeks earlier, the naira had traded at 1,100/$ at the parallel...
CIBN Honours CBN's ICT Boss, Rakiya Mohammed, with Senior Membership
The Chartered Institute of Bankers of Nigeria (CIBN) has announced the investiture of the Director, Information Communication Technology ((ICT) Department in the Central Bank of Nigeria (CBN), Hajia Rakiya Shuaibu Mohammed, as a honorary senior...
Power: FG, CBN Partner to Fund Four million Meters
The Federal Government in partnership with the Central Bank of Nigeria, says it would fund the production of four million prepaid meters locally.
This was revealed in a power sector document, ‘2022 Market Competition Report’ by the...
