Tag: Cbn

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The Federal Government allocated N912.32 billion for servicing its loan from the Central Bank of Nigeria over the span of three months

The Federal Government, as per the Q1, 2023 Budget Implementation Report from the Budget Office of the Federation, incurred a substantial interest payment of...

The Senate declines the CBN loans for the N100 billion CNG buses and cautions Tinubu against unauthorized expenditures

On Tuesday, the Senate issued a stern warning to President Bola Tinubu regarding his potential illegal spending and strongly advised him to consider requesting...

The Central Bank of Nigeria (CBN) plans to utilize a $3 billion loan to foster economic stability, as disclosed during the meeting of the...

During the 136th NEC meeting held at the Aso Rock Presidential Villa, Abuja, on Thursday, the National Economic Council confirmed that the $3 billion...

The amount of currency in circulation has surged to N2.7 trillion, as indicated in the CBN report

The amount of currency in circulation in Nigeria surged by N1.7 trillion as a result of increased cash transactions. According to data from the Central...

“Next week, the Central Bank of Nigeria plans to repay its dollar debts to banks, potentially leading to a rebound in the value of...

The Acting Governor of the Central Bank of Nigeria, Folashodun Shonubi, announced that the apex bank will settle all outstanding forward contract debts with...

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US Home Care CEO Arrested at SFO for Alleged $7 Million VA Fraud

SAN FRANCISCO, CA—A United States-based Nigerian CEO, Cashmir Chinedu...

Netflix to Buy Warner Bros. Studios and HBO Max in $72 Billion Deal

BLOCKBUSTER ACQUISITION: HOLLYWOOD, CA—In a seismic shift that will fundamentally...

Strive Masiyiwa’s Cassava Technologies and NVIDIA Partner to Build Africa’s First AI Factory

JOHANNESBURG—African technology mogul Strive Masiyiwa, founder of Cassava Technologies,...

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