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Tag "cbn"

CLOSE-UP: Folashodun Adebisi Shonubi, engineer, IT expert, banker — and acting CBN governor

    CLOSE-UP: Folashodun Adebisi Shonubi, engineer, IT expert, banker — and acting CBN governor

Folashodun Adebisi Shonubi, appointed acting governor of the Central Bank of Nigeria (CBN) by President Bola Tinubu on Friday, is not your typical banker.  The CBN deputy governor (operations) trained as

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TIMELINE: From ban to taxation — FG’s journey to cryptocurrency acceptance

    TIMELINE: From ban to taxation — FG’s journey to cryptocurrency acceptance

Bitcoin and other cryptocurrencies have long been a topic of debate and regulatory scrutiny worldwide, and Nigeria has been no exception. In February 2021, the Central Bank of Nigeria (CBN)

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Reps summon Emefiele over N32.5bn ‘undocumented payment’

    Reps summon Emefiele over N32.5bn ‘undocumented payment’

The house of representatives committee investigating the missing 48 million barrels of Bonny Light crude has summoned Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), over an alleged

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How Tinubu’s unified exchange rate and naira devaluation can affect you

    How Tinubu’s unified exchange rate and naira devaluation can affect you

Let me save you some time and answer your questions from the top. Will there be a devaluation of the naira? Yes. When will this be? Soon. My guess is

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Newspaper Headline: Reps begin probe of N413bn subsidy fund borrowed from CBN

  Newspaper Headline: Reps begin probe of N413bn subsidy fund borrowed from CBN

The end of the petrol subsidy regime and the economic impact on the people – takes the front seat in

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‘We stand by our story’ — Daily Trust replies CBN on naira devaluation report

  ‘We stand by our story’ — Daily Trust replies CBN on naira devaluation report

Daily Trust Newspaper, a Nigerian prominent media platform, says it stands resolutely on its report that the Central Bank of

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Report of naira devaluation false, says CBN

  Report of naira devaluation false, says CBN

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira

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Tinubu resumes at Aso Villa, meets Emefiele, Kyari over petrol scarcity

  Tinubu resumes at Aso Villa, meets Emefiele, Kyari over petrol scarcity

President Bola Tinubu on Tuesday resumed office at the presidential villa in Abuja.  The president was sworn in on Monday

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18% interest rate hike, capital importation… 7 business stories to track this week

  18% interest rate hike, capital importation… 7 business stories to track this week

Here are the seven top business news you need to track this week — May 29 to June 2. NIGERIA

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Naira falls to N775/$ at parallel market as dollar demand rises

  Naira falls to N775/$ at parallel market as dollar demand rises

The naira, on Friday, tumbled to N775 per dollar at the parallel section of the foreign exchange market. The figure

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