CBN records 41.3% decline in loss to N680.62bn
The Central Bank of Nigeria, CBN recorded a 41.3 percent year-on-year, YoY decline in loss to N680.62 billion loss in the financial year ending December 31st 2024 from N1.16 trillion loss recorded in 2023.
Alleged $6.3m Fraud: Court defers trial of 3 CBN officials till Nov 3
The Federal High Court sitting in Abuja, on Thursday, fixed November 3 for the arraignment of three staff members of the Central Bank of Nigeria, CBN, that allegedly defrauded the Federal Government to the tune of $6.3million.
CBN and Nigeria’s economic challenges
By ARIZE NWOBU Economy is the life wire of a people and it is about the allocation of scarce resources for production, distribution and consumption for the fulfilment of the needs of the people. And the financial system is the dynamo which drives the economy by allocating investible funds from surplus ends to deficit ends for […]
CBN frustrating Ways and Means probe – Senate
THE Senate has raised the alarm that the Central Bank of Nigeria (CBN) was frustrating its efforts at unravelling how the Ways and Means loans granted to the federal government
CBN directs banks to publish dormant accounts
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to publish the list of dormant accounts, unclaimed balances and other financial assets.
Inflation rate, CBN’s monetary policies, others to drive stock market
AS Nigeria steps up efforts to implement its N54.9 trillion 2025 budget, experts have expressed fears that President Donald Trump’s energy policy, targeted at increasing oil output would impact the $75 per barrel target on which the budget is based, inflation and Diaspora remittances, among others.
