CBN

The Association of Local Governments of Nigeria (ALGON), Osun State chapter, has accused the Central Bank of Nigeria (CBN) of colluding with the All Progressives Congress (APC) to illegally open and operate local government accounts with…
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By Malik Dauda A Federal High Court sitting in Abuja, on Wednesday, July 19, 2023, threatened to issue a warrant of arrest against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over his failure to appear…
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On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De Change segment of the market. The President, Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, said the crude oil price which fell…
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Debt: Nigeria risks impending bankruptcy, says Obasanjo Former President Olusegun Obasanjo has said Nigeria risks impending bankruptcy over the continuous accumulation of debt by the government . Obasanjo said things might get worse…
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Naira depreciation to persist as reserves drops to 2yr low The downward trend in the fortune of the naira against the dollar is expected to persist this week even as the nation’s external reserve falls to the lowest level in two years.…
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Emefiele speaks on border closure after meeting with Buhari President Muhammadu Buhari on Monday engaged the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in a closed-door meeting. The meeting, which held at the…
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FG disburses N38Billion Abacha loot to the poor The Special Adviser to the President on Social Investments, Mrs Maryam Uwais, has said that the Federal Government has been channelling the recovered Abacha loot and the International…
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The Central Bank of Nigeria (CBN) on Monday offered $195m in three segments of the Foreign Exchange Market to boost liquidity in the operation. The CBN’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor, in a…
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A breakdown of the forex intervention figures obtained from the Bank indicates that the Retail Secondary Market Intervention Sales (SMIS) received the largest allocation of $267,336,426.74. The CBN also offered the sum of $100,000,000 as…
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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, which is the benchmark lending rate, at the current 14 per cent. The decision to leave the rate unchanged was contrary to…
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