The Central Bank of Nigeria (CBN) says it has stopped the payment of personal and business travel allowances (PTA/BTA) by banks in the country. This is part of the apex bank measure... Read more »
At least four persons were killed on Tuesday when rampaging armed robbers, suspected to be hired assassins, attacked a supermarket in Nigeria’s federal capital territory, Abuja. Among those killed during the attack on... Read more »
The Central Bank of Nigeria (CBN) has announced its intention to prosecute forex defaulters nationwide following an independent forensic review conducted by a reputable firm to investigate forex exchange issues in the... Read more »
The Nigeria Football Federation (NFF) is yet to receive monies meant for the payment of Super Eagles’ bonuses and allowances at the ongoing 2023 Africa Cup of Nations, SCORENigeria reports. Recall that... Read more »
The Central Bank of Nigeria (CBN) has announced the stoppage of granting loans through its Ways and Means advances to the federal government. The CBN Governor, Olayemi Cardoso, made the disclosure on... Read more »
In an interview with Arise Television on Monday, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, explained that the proposed relocation of departments and staff to other branches was a... Read more »
Olayemi Cardoso, governor of the Central Bank of (CBN) has said it uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency market.... Read more »
The Central Bank of Nigeria (CBN) has refuted claims of any intention to convert $30 billion domiciliary deposits into naira. There had been reports that in a bid to rescue the naira,... Read more »
The Central Bank of Nigeria (CBN) has prohibited banks and fintech companies from engaging in international money transfer services. This directive, outlined in the revised guidelines for International Money Transfer Operators (IMTOs),... Read more »
To fulfill its commitment to eliminating the backlog of matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has disbursed approximately $61.64 million to foreign airlines through various banks.... Read more »