Tag: CBN
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Nigeria’s Cashless Shift Comes at a Cost of N2.654bn Daily
As Nigeria gradually shifts away from a cash-dependent economy toward virtual payments for goods and services, the transition is coming with a hefty price...
FG Reaffirms Crude Oil, Refined Products Sales in Naira Policy
The Federal Government has confirmed that its policy mandating the sale of crude oil and refined petroleum products in Naira remains in force and...
US tariff: CBN intervenes with $197.71m as oil prices drop
The Central Bank of Nigeria has intervened in the foreign exchange market with a provision of $197.71m to authorised dealers as a response to...
CBN Rejects Adeleke’s Nominee for Osun Bank Board Over Past Crisis
The Central Bank of Nigeria (CBN) has rejected Osun State Governor, Ademola Adeleke’s nomination of former Commissioner for Finance, Wale Bolorunduro, as a Director...
LG Autonomy: States Oppose Direct Federal Allocations via CBN
State governments across Nigeria are resisting efforts by the Federal Government to compel local governments to open accounts with the Central Bank of Nigeria...
