Again, naira crosses N700/$ mark at parallel market
The naira has continued its downward trend, falling to N702 per dollar at the parallel market on Monday.
The figure represents N10 or 1.4 percent...
Naira set to rally as CBN, ABCON finalise BDCs’ resumption of forex sale
Foreign currency speculators will in the coming months face huge losses as the Central Bank of Nigeria (CBN) is set to resume dollar sales...
CBN Places Over 6000 BVN’s On Watch List over Fraudulent Transactions
The Central Bank of Nigeria has placed 6,047 Bank Verification Numbers of bank customers under watch list for fraudulent transactions.
The revelation was made known...
CBN ignores Reps: moves on with cashless policy
Although the policy became effective on Wednesday, The House of Representatives on Thursday told the apex bank through a resolution to suspend it.
Central Bank...
Two million people’ll start receiving N20bn monthly from June – FG
Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the National Cash...
FG, States, others share N2.84trn in first four months of 2023 – FAAC
The Federal Government (FG), 36 states and 774 local governments (LG) in Nigeria shared N2.84 trillion as statutory allocation from the Federation Account Allocation Committee, FAAC, in the first four months of...
CBN spends N800bn on currency production, destruction
The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has said the amount spent on maintaining the naira has increased by...
CBN’s move to print currency to finance budget gets backing
The plan by the Central Bank of Nigeria (CBN) to print more local currency to finance the 2021 national budget has attracted fair comments...
FAAC: FG, States, LGs share N1.149trn January revenue
The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,149.816 trillion January 2024 Federation Account Revenue to the Federal, States and...
FAAC shares ₦780.926bn …As April FAAC holds by video conferencing
…In the next few working days, civil servants will be paid their April 2020 salaries.
This is because the Federation Accounts Allocation Committee (FAAC) has...