CBN releases $3.5bn for foreign education under Buhari
Data obtained on Sunday from the Central Bank of Nigeria’s website revealed that under President Major General Muhammadu Buhari, the educational sector of Nigeria saw significant capital flight…
eNaira records 700,000 transactions valued at N8bn – Emefiele
Godwin Emefiele, Governor of the Central Bank of Nigeria, says the eNaira has recorded 700,000 transactions worth N8 billion since its launch on October 25, 2021.Information Guide Nigeria…
Naira redesign: Abductors ’ll demand ransom in foreign currencies – Sowore Slams CBN
The Presidential candidate of African Action Congress, Omoyele Sowore has said redesigning the naira would not reduce insecurity in the country. DAILY POST reports.Information Guide Nigeria Sowore said…
CBN destroys over N6tn banknotes under Buhari
The Central Bank of Nigeria is likely to have destroyed approximately N6tn worth of mutilated and obsolete banknotes by the time the administration of President Major General Muhammadu…
Naira Redesign: CBN Fires Finance Minister, Says It Gets Approval From Buhari
Amid controversy over the plan to redesign Naira, the Central Bank of Nigeria (CBN) has said it followed due process as far as the process of three series…
CBN Takes Over Polaris Bank
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria have announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of…
Investors lose N1.4 trillion in Q3
In the third quarter, investors lost N1.484 trillion in the equity sector of the capital market as a result of rising interest rates, insecurity, and other domestic economic…
CBN approves payment coy for Access Corporation
A new payment subsidiary, Hydrogen Payment Services Company Limited, which is entirely owned by Access Corporation, has received final permission from the Central Bank of Nigeria.Information Guide Nigeria…
CBN: $200b policy opens new windows for dollar earnings
According to the report from thenationonlineng, the Central Bank of Nigeria (CBN) said its $200 billion non-oil export revenue target policy has brought new commodities to the market…
Commercial banks borrow N4.4tr from CBN in 3 months
Data obtained from the regulator indicated that during June and August, Deposit Money Banks (DMBs) accessed a total of N4.4 trillion from the Central Bank of Nigeria (CBN)…