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CBN Clarifies NRBVN Charges For Nigerians in Diaspora
THE Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number (NRBVN) platform, affirming that no hidden fees have been introduced and…
Nigeria’s Economic Reforms Win IMF Praise Amid Signs Of Durable Recovery
REVERSING years of economic volatility, the International Monetary Fund’s latest Article IV Consultation affirms a new reality: Nigeria is making meaningful progress following a series of significant structural reforms to restore…
CBN Halts Dividends, Bonuses, Offshore Investments For Banks Under Regulatory Forbearance
IN a bold move to shore up the resilience of Nigeria’s banking sector, the Central Bank of Nigeria, CBN has ordered a temporary freeze on dividend payments, executive bonuses, and foreign investments by banks currently operating under…
Banks’ Deposits With CBN Soar 1,578% To N53.5trn
IN clear demonstration of excess liquidity in the banking system, banks’ deposit with the Central Bank of Nigeria, CBN, rose sharply by 1,578 percent year-on-year, YoY, to N53.5 trillion in the first five months of the year (5M’25) from…
Cardoso Named African Banker Central Bank Governor of the Year
OLAYEMI Cardoso, governor of the Central Bank of Nigeria, was named Central Bank Governor of the Year at the 2025 African Banker Awards Gala, held on Wednesday, May 28, in Abidjan, Côte d’Ivoire.
The award, presented by African Banker…
Convert Emefiele’s Recovered Housing Estate to LG Liaison Offices- Economist
PROF. Salisu Usman, a Political Economist and Development Specialist, has called for the conversion of the recovered housing estate of former CBN governor Godwin Emefiele to Liaison Offices for the 774 Local Government Areas.
Usman, in a…
Nigeria Customs Service Records N1. 3trn Revenue in First Quarter of 2025
THE Nigeria Customs Service (NCS) has recorded an unprecedented revenue of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion collected during the same period in 2023.
Comptroller-General of Customs Bashir…
Finance minister tasks new AMCON board on improved debt recoveries
May 24, 2025
FINANCE Minister and coordinating Minister of the Economy, Olawale Edun, has charged the new board of directors of the Asset Management Corporation of Nigeria (AMCON) to speed up debt recoveries.
The minister…
Naira Strengthens Steadily Against Dollar
THE Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market.
Data from the Central Bank of Nigeria’s website show the Naira gained ₦4.51k against…
Finance Minister Tasks New AMCON Board On Improved Debt Recoveries
FINANCE Minister and coordinating Minister of the Economy, Olawale Edun, has charged the new board of directors of the Asset Management Corporation of Nigeria (AMCON) to speed up debt recoveries.
The minister gave the charge on Wednesday…