News
Nigeria: CBN’s N1.053 Trillion OMO Bills Oversubscribed as Investors Show Strong Interest
The Central Bank of Nigeria (CBN) has successfully completed the sale of government securities, issuing N1.053 trillion (equivalent to 680 million dollars) in ...
News
Nigeria: CBN Attracts $530 Million in N1 Trillion Treasury Bill Sale from Foreign Portfolio Investors
In a Treasury bill sale held on Friday, the Central Bank of Nigeria (CBN) successfully attracted $530 million from Foreign Portfolio Investors (FPIs) ...
News
Nigeria: NITDA Reveals Second Phase of e-Government Master Plan for Enhanced Digital Services
The National Information Technology Development Agency (NITDA) has introduced the second phase of Nigeria’s e-Government Master Plan, aimed at fostering transparency in governance ...
Nigeria
Nigeria: Financial Reporting Council to Take Stringent Action Against Violations
The Financial Reporting Council (FRC) has issued a stern warning, declaring its intention to mete out severe sanctions on accounting professionals and firms ...
News
Nigeria: Federal Government Implements Measures to Combat Inflation as CBN Undertakes N5 Trillion Cash Mop-Up
The Federal Government’s concerted efforts to mitigate the rising inflationary pressures entail the Central Bank of Nigeria (CBN) executing a significant cash mop-up ...
Nigeria
Nigerian House of Representatives Summons Binance CEO Over Money Laundering Concerns
The Committee on Financial Crimes of the Nigerian House of Representatives has issued a summons to Binance CEO, Richard Teng, to appear before ...
Nigeria
Nigerian Government Denies $10 Billion Binance Fine Reports
A representative of the Nigerian government has dismissed speculation surrounding a reported $10 billion fine for the cryptocurrency exchange Binance. Bayo Onanuga, a ...
News
Nigeria: CBN Announces N1.64 Trillion Treasury Bill Offering for Q2 2024
The Central Bank of Nigeria (CBN) has disclosed its intention to conduct the sale of treasury bills amounting to N1.64 trillion during the ...
Nigeria
Nigeria: CBN Revokes Licenses of 4,173 BDCs for Regulatory Violations
In a significant move to enhance regulatory compliance in the local currency market, the Central Bank of Nigeria (CBN) has invalidated the licenses ...
News
Nigeria: CBN Governor Explains Interest Rate Hike Amid Inflationary Pressures
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), clarified the recent increase in interest rates, citing it as a response ...
