NEWS: FG’s Borrowing From CBN Falls To N4.36tn NEWS: FG’s Borrowing From CBN Falls To N4.36tn Ways and Means Advances is a loan facility used by the CBN to finance the government in periods of temporary budget shortfalls subject to limits imposed by law. However, it had spent about 76.03 per cent of its budget […]
Senate Confirms Olayemi Cardoso as Central Bank Governor and Four Deputy Governors In a significant development, the Senate has endorsed the appointment of Olayemi Cardoso as the substantive Governor of the Central Bank of Nigeria. This pivotal decision underscores the government’s commitment to maintaining stability and promoting economic prosperity. Alongside Cardoso, the Senate has also […]
President Tinubu Suspends Emefiele Godwin As Central Bank Governor President Tinubu Suspends Emefiele Godwin As Central Bank Governor President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, from office with immediate effect. This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of […]
New Naira Notes Killed My Wife Man Cries Out New Naira Notes Killed My Wife Man Cries Out….. A 32-year-old woman, Shema’u Labaran, died along with her nine-month pregnancy at the Abdullahi Wase Specialist Hospital, Kano, reportedly due to the inability of her husband to pay medical bills in the new naira notes in time. […]
Currency Swap Will Benefit All ~ CBN Currency Swap Will Benefit All ~ CBN The Central Bank of Nigeria (CBN) has expressed concern over the challenges being experienced by the citizens in getting cash from their bank accounts and other alternative channels. The Director, Corporate Communications Department in the bank, Mr Osita Nwanisobi stated this […]
Court Bars CBN And Buhari From Suspending New Policies Over Naira Redesign Court Bars CBN And Buhari From Suspending New Policies Over Naira Redesign Justice Eneojo Eneche of the Federal Capital Territory (FCT) High Court, has barred the Central Bank of Nigeria (CBN) and President Muhammadu Buhari and 27 commercial banks from suspending or interfering […]
CBN Extends Collection Of Old Naira notes By 10 Days CBN Extends Collection Of Old Naira notes By 10 Days… Minority Caucus in the House of Representatives has applauded the Central Bank of Nigeria (CBN) for listening to Nigerians and extending the deadline for swapping of old naira notes for new ones by 10 days. […]
Pastor Adeboye Criticizes The FG Over Plans To Redesign The Naira Notes Pastor Adeboye Criticizes The FG Over Plans To Redesign The Naira Notes Pastor Enoch Adeboye has reacted to plan by the Central Bank of Nigeria to redesign the N200, N500, and N1,000 notes in spite of devaluing value of the currency and […]