…details of how Lagos Court remanded Ex-CBN Gov The Economic and Financial Crimes Commission, EFCC, has filed a fresh 26-count charge bordering on abuse of office and corruption against the former governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele. Emefiele will be arraigned before Justice Rahman OshodiContinue Reading
‘This wave of recapitalization is a bit different from that of Charles Soludo implemented between July 2004 and December 31, 2005 in which all the banks were all forced to recapitalize to a minimum of N25 billion. It shrunk the industry from 89 to 24 banks. This time, the banksContinue Reading
… PDP ex-National Chair, others declare support for Tinubu, more in News-In-Brief CBN Adjusts Dollar Rate Again As Naira Bounces Back The Central Bank of Nigeria, CBN, has once again reviewed downwards the foreign exchange rate for the Nigerian Customs Import Duty. This is the 5th time in two (2)Continue Reading
…as FG secures £995m for mechanization hubs in 774 LGAs The Central Bank of Nigeria (CBN) has allocated a total of 2.15 million bags of fertilizer worth about N100b (One hundred billion naira) to the Ministry of Agriculture for onward distribution to farmers It would be recalled that President TinubuContinue Reading
As experts react The Central Bank of Nigeria (CBN) has again raised the exchange rate for calculating Customs duties at the nation’s seaports by 1.1 percent after a few days of stability. The Customs duty rate was reviewed upwards from N1, 544.081/$ to N1, 560.511/$ on Wednesday, March 6, 2024,Continue Reading
By our Correspondent The monetary policies of the current governor of the Central Bank of Nigeria (CBN), Mr. Cardoso have started yielding positive impacts, pundits said, as the Naira recovers hugely to exchange at #1,300 to one Dollar today, Wednesday, February 28, 2024. The current rate is about #620 differentContinue Reading
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