CBN and FBN Holdings seek court dismissal of Barbican Capital’s $5.4 billion share allegations
A Federal High Court in Lagos has been ordered to reject a lawsuit brought by Barbican Capital Ltd., an investment company, regarding…
Latest Entries
CBN Infuses $876 million to revitalize forex liquidity
$876 million was recently invested by the Central Bank of Nigeria (CBN) in various foreign currency (forex) market segments. The apex bank’s…
Public sector debt rate likely to hit N130tn by Dec – report
Concerns regarding Nigeria’s debt-to-GDP ratio have been raised by the prediction that the public debt stock would reach N130 trillion this year.…
Senate panel turns down Ajaokuta memorandum, terms it “watery”
On Tuesday, there was a small drama when a Senate committee rejected the Ministry of Steel Development’s letter about the Ajaokuta Steel…
MISSING BILLIONS: CBN sued for mismanagement of funds
The Central Bank of Nigeria (CBN) is the target of a lawsuit brought by the Socio-Economic Rights and Accountability Project (SERAP) “for…
Nigerian forex market gets support as CBN sells $148m to 29 authorised dealers
Barely two weeks after Nigeria’s apex bank, the Central Bank of Nigeria, CBN, recorded vast sales of the United States Dollar, it…
Naira to face more pressure with Bank’s continued borrowing from CBN to buy FX
The managing director/chief executive officer, MD/CEO of Financial Derivatives Company Limited, Bismarck Rewane, has said continuous borrowing from the Central Bank of…
ATM transactions in Nigeria decline 13% to N28.2 trn
The Central Bank of Nigeria, CBN, has disclosed that the value of Automated Teller Machine (ATM) transactions in the country fell year-on-year…
CBN targets $1trn economy by 2030
The governor of the Central Bank of Nigeria, CBN Olayemi Cardoso, has promised better times for the people of Nigeria while also…
CBN resumes BDC dollar sale as naira depreciates
Few days after the Central Bank of Nigeria, CBN, sold about $122.67m to 46 authorised dealers, the apex bank, Thursday, announced that…
