Dangote Refinery’s First Product to Hit Market by July – Aliko   Africa's richest man, Aliko Dangote, has announced that the first product of the Dangote Petroleum Refinery and Petrochemicals “will be in the market before the end of July or beginning of August this year” The...

Don't Let Emefiele Leave Country Before Tinubu's Inauguration - Gov Matawalle Begs Buhari  Governor Bello Matawalle of Zamfara state has called on President Muhammadu Buhari not to allow Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to leave the country before the May 29 inauguration...

CBN Expands Non-oil Export Rebate to Boost Dollar Inflows   The Central Bank of Nigeria (CBN) says it has expanded its non-oil export rebate scheme by opening it up to additional sectors in a bid to boost dollar inflows amid slumping oil production. In the expanded scheme,...

Emefiele Says Non-oil Exporters Repatriated $1.7bn In Q1, 2023   The Central Bank of Nigeria (CBN), yesterday, revealed that non-oil exporters repatriated about $1.7 billion into the nation’s economy in the first three months (Q1) of 2023. Its Governor, Godwin Emefiele disclosed this during his keynote address...

IMF Cautions As eNaira Transactions Hit N1.4m   The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies. Georgieva expressed her concern about retail CBDCs in a May...

Out Of 200m, Only 57.4m Nigerians Have BVN – CBN   The Central Bank of Nigeria (CBN) has said out of over 200 million Nigerians, only 57.4 million possess Bank Verification Number (BVN). The apex bank had partnered with the Nigerian Interbank Settlement System (NIBSS), bankers committee...