Tag: CBN
Temporary Use Of Expired NAFDAC Licenses For Imports Approved By CBN
The Central Bank of Nigeria has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and Control...
Nigeria’s Fresh $1bn Loan Request To Be Considered By World Bank...
The World Bank has fixed December 16 as a tentative approval date for a fresh $1bn Development Policy Financing loan to the country under...
Recapitalisation Reality Check: Uncovering The Truth Behind Nigeria’s Banking Boom By...
When the Central Bank of Nigeria (CBN) announced a new round of bank recapitalisation in March 2024, many expected the leading banks, especially those...
Capital Flight & The Politics Of Betrayal: When Leaders Stop Believing...
Nigeria’s economy is bleeding, not from the absence of money, but from the silent, systemic outflow of capital that should be building industries, creating...
Metering Funds Of ₦59bn: Representatives Query NERC
The House of Representatives has queried the Nigerian Electricity Regulatory Commission over the ₦59bn Central Bank of Nigeria loan for the execution of National...
UBA, Others Approve Naira Debit Card Use Abroad As Dollar Supply...
Commercial banks have lifted over three years moratorium on the use of naira-funded debit cards abroad as dollar liquidity rises.
A Tier-1 bank and mid-tier...
AfDB Reveals How Nigeria, Others Lose $1.6bn Daily To Illicit Flows
The African Development Bank has revealed that the continent loses about $1.6bn every day to illicit financial flows and profit shifting on the part...
Report Reveals How Nigeria Repaid $1.22bn To IMF In Nine Months
Nigeria has serviced its debt to the International Monetary Fund with not less than $1.22 billion over nine months, data from the Debt Management...
How $543.5m Was Sold By CBN To Stabilize FX Market In...
The Central Bank of Nigeria (CBN) has revealed that it sold a total of $543.5 million (N844,920,000,000.00) to authorised dealer banks through the Nigerian...
CBN Constitutes New Board Of Directors For Polaris Bank
The Central Bank of Nigeria (CBN) has constituted a full Board of Directors for Polaris Bank, Nigeria’s leading digital commercial retail Bank in a...
