Why CBN, NNPCL Agree to Domicile Oil Firm's Revenue in Apex Bank
In an effort to improve efficiency and bolster their commercial activities, the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Central Bank of Nigeria (CBN) have announced their intentions to strengthen their...
Edun, Cardoso Seek Increase In World Bank Support for Nigeria
Mr. Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, has called for more support from the World Bank for Nigeria, expressing hope that the multilateral institution will appreciate the reforms conducted...
Ticket Revenue: CBN, Foreign Airlines Clash Over Unpaid $700m
The Central Bank of Nigeria (CBN) and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket revenue in the country.
The CBN on Tuesday said it had ‘concluded the payment of all...
IMF Foresees Weaker Economic Growth For Nigeria
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projections for 2024 to 3.0 per cent from 3.1 per cent in its October forecast.
It disclosed this in its ‘World Economic Outlook Update, January 2024.’ In a table,...
External Reserves Decline by $520m in Five Weeks – CBN
The country’s external reserves fell by $520.22 in five weeks, figures obtained from the Central Bank of Nigeria (CBN) revealed.
According to CBN’s data on movement in reserves, the figures which stood at $33.396bn as of...
External Reserves Decline by $1.65bn in Six Months
Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria (CBN) tried to unify the country’s foreign exchange rates.
On June 14, the apex bank asked Deposit Money Banks to remove the...
