FG paying annual stabilisation fund of N150bn on power sector – official
THE Federal Government has disclosed that it is paying an annual stabilisation fund of N150 billion to keep the power sector in business. The Head,...
Reactions trail unveiling of redesigned naira notes
THE unveiling of the redesigned N200, N500 and N1000 notes by President Muhammadu Buhari yesterday in Abuja has been eliciting reactions from Nigerians, with...
Here is how CBN violates own Act, Fiscal Responsibility Act
THE Central Bank of Nigeria (CBN) has been violating Section 38 of its own Act by overlending the sum of $49.2 billion to the...
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CBN receives N165bn worth of currencies being rested
THE Central Bank of Nigeria (CBN) has confirmed receipt of N165 billion following its call on Nigerians to return all old naira notes in...
Buhari unveils redesigned naira notes
THE Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has explained why it would be difficult to produce counterfeits of the newly...
Buhari flags off oil drilling in North, confirms discovery of over a billion barrels
PRESIDENT Muhammadu Buhari today flagged off the first crude oil drilling project in northern Nigeria, on the boundary of Bauchi and Gombe states. At the...
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CBN increases interest rate to 16.5%, amid concerns of inflation
THE Central Bank of Nigeria (CBN) has raised its benchmark lending rate to 16.5 per cent in a sustained push to control inflation and...
NEITI in advanced talks to recover outstanding $2.674bn from oil companies
THE Nigerian Extractive International Transparency Initiative, (NEITI) said today there is appreciable progress in the engagement with oil companies with respect to outstanding royalties...
Naira Redesign: Abuja Chamber seeks extension of deadline
THE Abuja Chamber of Commerce and Industry (ACCI) has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the expiration...
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