Tag: CBN

Foreign Direct Investment also fell sharply.

While authorised dealers got $100 million, the SMEs and invisible segments got $55 million each.

Two witnesses including a CBN staff testified against the governor.

At the official CBN window, the naira exchanged at N306.60.

Nigeria has held ownership since 2014 in the troubled firm.

The CBN had earlier said ''new documents provided by the telecoms company'' would help reduce the claims.

The bank had on Tuesday injected $210 million in the Inter-Bank foreign exchange market.

The Nigerian currency closed at N306.50 the dollar as the official CBN window on Thursday.

The Senate had on July 20, 2017, passed a motion mandating a six-member committee to probe the commission.

Mr Ughamadu says a $1.05 billion revolving fund approved by the National Assembly at the heat of the last fuel ...

The long delay in the passage of the PIB is setting Nigeria on the highway to replicating Venezuela's oily crisis ...

“The bank was closed because the shareholders of the bank have been unable to recapitalise it."

Mobile courts are to move around to summarily apprehend and put to trial perpetrators of abuse of the Naira.

At the official CBN window, the Naira closed at N306.35 to the dollar.

The Central Bank of Nigeria revoked the license of the bank on Friday.

Effective Monday, all asset and liabilities of Skye Bank have been taken over by the new bridge bank, Polaris.

The CBN has approved a change of name for the distressed bank.

The hearing of the case has been fixed for November 6.

The naira exchanged for N361 to a dollar in the BDC segment of the market on Tuesday.

The bank refutes all the allegations.

The firm says the issues are complex and are easily misunderstood and misinterpreted.

The banks allegedly helped MTN to illegally transfer funds abroad.

MTN is yet to be listed on the Nigerian Stock Exchange.

The Naira is exchanging at an average of N361 to a dollar in the Bureau De Change segment of the ...

Mr Dudafa is facing a 23-count charge bordering on money laundering and conspiracy to conceal proceeds of crime.