Reps To Invite CBN As Accountant-General Pegs Exchange Rate At N425     The House of Representatives’ Committee on Finance has resolved to invite the Central Bank of Nigeria over an allegation by the Office of the Accountant-General of the Federation that the apex bank collects charges...

Merchant, Commercial Banks’ Borrowing From CBN Drops By 33.2% In October   Following the improvement in business activity in the country, commercial and merchant banks’ borrowing from the Central Bank of Nigeria (CBN) dropped by 33.2 per cent to N505.3billion in October as against N756.37billion in...

CBN, SEC Sanction Five Banks Over Money Laundering, Forex Offence    The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for committing over 20 various infractions, including the violation of foreign exchange market and anti-money laundering regulations. The banks are...

International Airfares Rise As Naira Crashes On IATA Platform     The lingering shortage of foreign exchange in Nigeria has forced the naira to crash against the United States dollar on the air ticket pricing template of the International Air Transport Association, the Switzerland-based trade body representing...

eNaira: CBN Plans App For Persons Without Bank Accounts     The Chief Executive Officer of Bitt Inc., Brian Popelka, has said a phone application for people without bank accounts will be rolling out soon. He said the present version of the eNaira app could only be used...

MAMA Centre Secures N500, 000 FG-CBN Covid-19 facility For Dozens Rightholders   The Mothers And Marginalised Advocacy Centre (MAMA Centre) has secured N500,000 worth Federal Government(FG)/Central Bank of Nigeria (CBN) Covid-19 facility for each of her dozens rightholders across Nigeria. The FG-CBN supported facility obtained through NIRSAL...