Thursday, November 21, 2024
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CBN

Economy

Ailing Economy: NNPCL and CBN Promise Quick Recovery as NASS Holds Key Session with Stakeholders; Nigeria to Become Net Petroleum Exporter by December

A Effanga -
Critical stakeholders of Nigeria’s economy, including the Nigerian National Petroleum Company Limited (NNPCL), the Central Bank of Nigeria (CBN), and other key entities, gathered in Abuja on Monday to announce that the country's struggling economy is showing signs of...
Uncategorized

House of Representatives to Investigate CBN’s Anchor Borrowers’ Program

A Effanga -
The House of Representatives has resolved to investigate the Anchor Borrowers Programme (ABP) under the Central Bank of Nigeria (CBN). Additionally, the lawmakers intend to probe the disbursement of N215 billion in loans by the Nigeria Incentive-Based Risk Sharing...
Economy

CBN to Penalize Banks, BDCs, and Others for Refusing Old Dollar Notes

Emeka Udeh -
The Central Bank of Nigeria (CBN) has issued a directive mandating all Deposit Money Banks, authorized forex dealers, and the public to accept old series and lower denominations of United States Dollar (USD) notes from their customers. This directive...
Economy

SERAP Issues Ultimatum to CBN: Account for ‘Missing’ N100bn Dirty Notes and Other Public Funds Within 7 Days

Mfon Ekanem -
Socio-Economic Rights and Accountability Project (SERAP) has urged Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), to provide explanations regarding the whereabouts of significant sums of money held in various CBN branches. According to SERAP, the...
Business

Central Bank Reports Drop in Headline Inflation

Mfon Ekanem -
The Central Bank of Nigeria (CBN) has announced a significant development in the nation's economic landscape: Nigeria’s headline month-on-month inflation rate has decreased for the third consecutive month in May 2024. This trend marks a notable success in the...
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Top StoriesNWN Editor -

AWG Fest 2024: Youths Urged to Unite for Change

Abuja is set to host one of its most anticipated events, AWG Fest 2024, with OdumoduBlack, a leading artist...
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