CBN Removes Cash Pooling Requirement For IOCs
THE Central Bank of Nigeria (CBN) has removed the Cash Pool requirement for export proceeds of International Oil Companies (IOCs). The decision was conveyed in...
How CBN Spent N74bn In Naira Redesign, Others In 2022 — Report
It cost the Central Bank of Nigeria and its subsidiary about N74.84bn to produce and roll out currencies, including new naira notes, in 2022. Despite...
After Repeated Complains Over Salaries, Staff Of Public Complaint Commission Lock Up Commissioner In Office
Staff of the Public Complaints Commission, on Wednesday, locked the Chief Commissioner, Abimbola Ayo Yusuf, in the office during a protest over the non-payment...
Nine Local Banks Generate ₦14tn In Loan Interest Amid Interest Rate Hikes
In 2024, nine Nigerian banks earned a total of N14.26 trillion in interest revenue, according to an examination of the financial institutions' audited financial...
Buhari Approves Naira Notes Redesign
President Muhammadu Buhari on Sunday voiced his support for the decision of the Central Bank of Nigeria, CBN to launch new designs and replace...
Supreme Court Bans Withdrawal Limit Policy
On 3 March 2023, the Supreme Court sitting in Abuja ruled in favour of a suit brought before it by Governors. The apex court...
Pound To Naira Exchange Rate Today, May 6, 2026
The Nigerian Naira traded slightly firmer against the British Pound Sterling on Wednesday, May 6, 2026, across both the official Nigerian Foreign Exchange Market...
FG Develops Framework For Enhancing Consumer Credit In Nigeria
The Minister of Industry Trade and Investment, Dr. Doris Uzoka Anite, said an efficient consumer credit system is a highly essential component of a successful...
Customs Generates N144.2bn Revenue In 10 Months
The Murtala Mohammed Area Command of the Nigeria Customs Service, Thursday stated that it realised the sum of N143.2 billion revenue into the federal...
Court Voids Passage Of Rivers Budget By Pro-Fubara Lawmakers
Justice James of the Federal High Court Abuja has nullified the N800 billion budget passed by the Edison Ehie-led group of the Rivers State...
