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Tag Archives: Central Bank of Nigeria

CBN Gives Update On Naira Scarcity

THE Central Bank of Nigeria, CBN, has said enough Naira notes are in circulation amid reports of scarcity of banknotes. In a statement issued by the Corporate Communications Department of the CBN, the apex bank explained the reasons behind the scarcity of Naira notes in some parts of the country. …

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Naira Depreciates Against US Dollar At Forex Market

THE Country’s currency, the Naira, slumped massively against the US Dollar on Friday at the official foreign exchange market. Official data from FMDQ disclosed that the Naira depreciated to N1099.05 on Friday from N843.07/$1 on Thursday. The figure represents an N255.98 loss at the local market compared to the N843.07/$1 …

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Court Freezes 24 Kano Govt’s Bank Accounts

A Federal High Court has frozen the accounts of the Kano State Government due to its failure to comply with a court order to pay N30 billion in compensation to victims of the Filling Idi Demolition exercise. The frozen order affects 24 Kano State bank accounts, including the Central Bank …

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SeedFi: A Catalyst For Economic Growth And Financial Resilience

ECONOMIC growth is the cornerstone of prosperity and opportunity for a nation. When the economy thrives, employment opportunities flourish, leading to the emergence of economically empowered citizens. This, in turn, drives demand for better governance, as robust economic growth fosters human development, which further propels economic growth. To grow the …

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