FG shares N1.13trn December 2023 revenue to states, LGAs
The Federation Account Allocation Committee (FAAC) says it shared N1.13 trillion among the three tiers of government as revenue in December 2023.
The total figure...
Why 1,368 BDCs to get $20,000 CBN FX intervention
About 1368 eligible Bureau De Change (BDC) Operators in Abuja, Awka, Kano and Lagos are set to benefit from the 20,000 dollars weekly FX...
Afreximbank, SADC BC Inaugurate Africa Trade Investment Marketplace
The African Export-Import Bank (Afreximbank) and the SADC Business Council (SADC BC) have inaugurated the SADC – Africa Trade and Investment Marketplace aimed at promoting regional trade.
CBN moves to restore investor confidence, begins clearance of FX
The Central Bank of Nigeria (CBN) has started clearing backlogs of foreign exchange (FX) forward contracts through some banks as part of efforts to rebuild confidence in the Nigerian economy.
EFCC Hails CBN’s Move To clampdown On Currency Hoarders
The Economic and Financial Crimes Commission (EFCC) has applauded the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of the Nigerian currency, the Naira.
Why CBN relaxes restrictions on Cryptocurrency transactions
The Central Bank of Nigeria (CBN) has relaxed restrictions on transactions on crypt-currencies in the country.
