He maintained that, regardless of any previous mismanagement, stamp duties should be paid into the Federation Account and shared among the three tiers of government.

The apex bank will issue TBs worth N340 billion on 91 days tenor, N230 billion on 182 days and N1.19 trillion on 364 days

At the backdrop of the Central Bank of Nigeria (CBN) push for higher external reserves accretion, stable naira and elevated dollar liquidity, there are chances that the external sector of the economy would strengthen following the rising crude oil prices.

The CBN said that the step was part of its broader, sequenced strategy to implement the recapitalisation programme announced in 2023.

The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025.

Some feedbacks from global rating agencies about Nigeria’s economic status point to emerging improvements in the country’s macroeconomic indexes.

One of the major implications of the improved rating is that Nigeria may now be able to borrow at lower interest rates

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to disclose the details of any direct payments to the 774 local government councils in Nigeria including the amounts sent to each council.” SERAP’s suit followed a landmark judgment by the Supreme Court last July, […]

The administration said it will take possession of the properties without consideration of their ownership.

The Central Bank of Nigeria, CBN, in a bid to encourage financial institutions’ adoption of emerging technologies to enhance the detection and reporting of suspicious transactions in real time, has rolled out a draft Baseline Standards for Automated Anti Money Laundering, AML, Solutions.