Home / Tag Archives: Central Bank of Nigeria (page 36)

Tag Archives: Central Bank of Nigeria

Naira Rebounds As CBN Clears Forex Debt Backlog

THE naira has risen to N1,120 against the dollar as the foreign exchange market reacted to news that the Central Bank of Nigeria has begun to clear some of its FX backlog on Thursday. This represents an appreciation of N50 or 4.27 per cent compared to the N1,170 it traded …

Read More »

Reps Summon CBN, DISCOs, Others Over $321m, N18.2bn Electricity Projects

THE House of Representatives Public Accounts Committee on Thursday summoned the Central Bank of Nigeria and 11 Electricity Distribution Companies over $321 million and N18.2 billion in loans taken for accelerated electricity transmission/distribution interface, lines, and substation projects. The committee slated November 8 for them to appear before it. The …

Read More »

FG Reveals Nigerians Who Will Not Enjoy Cash Transfer

THE Federal Government is set to commence cash transfers in the country to alleviate poverty across Nigeria. It was gathered that President Bola Tinubu-led government would transfer the money directly to the beneficiaries through the Central Bank of Nigeria (CBN) and not through consultants. The first batch of bulk payments …

Read More »

I&E Window Records $53.02m Turnover After CBN Lifts Forex Ban

THE Investor & Exporter forex window recorded a turnover of $53.02m on Friday, following the Central Bank of Nigeria’s forex ban lift on 43 items. The CBN on Thursday, lifted the ban on importers of 43 items restricted from accessing foreign exchange on its official platform. It disclosed this in …

Read More »