CBN orders banks to sell excess dollars in 24 hours
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest…
House of Reps lists organ harvesting, electoral act amendment bill, others for debate
The House of Representatives has listed a bill for the regulatory body of organ harvesting, transplanting and donations for debate after resumption from its new year break on…
1,500 redeployed CBN staff resume at Lagos office
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters, The PUNCH has…
Sanusi backs CBN on departments relocation
The former Emir of Kano, Sanusi Lamido, has urged the Central Bank of Nigeria to go ahead with the move to relocate selected departments from Abuja headquarters to…
Court stops Emefiele’s re-arrest, EFCC rejects N100m fine
The Abuja Federal Capital Territory High Court ruled that the extended detention of former Central Bank of Nigeria Governor, Godwin Emefiele, without trial, was a severe breach of…
Forex scandal: Dangote officials summoned to Abuja as EFCC extends probe
The Economic and Financial Crimes Commission (EFCC) has escalated its investigation into alleged abuses of foreign exchange allocations under the leadership of the former governor of the Central…
Local rice price rise 73% in 12 months – NBS
The significant increase in the price of local rice in Nigeria, despite substantial financial support from the Central Bank of Nigeria for the rice value chain, is a…
Nigerian naira falls to record low on official market
The Nigerian naira experienced a significant drop to a record low against the dollar in the official market, aligning closely with the levels seen in the unofficial parallel…
Reps seek committee on fiscal, monetary policies
The House of Representatives Committee on Customs and Excise has proposed the establishment of a tripartite committee comprising the Central Bank of Nigeria, the Ministry of Finance, and…
Naira falls by 17% to N951/$
The Nigerian Naira experienced a significant devaluation, dropping by 17.91% to N951.22 against the US dollar in the official Investor and Exporter forex window. This decrease in value…