The Central Bank of Nigeria (CBN) has recently reiterated its directive to banks, barring them from paying dividends to shareholders …
Read More »Tag Archives: foreign exchange
Reno Omokri Applauds Tinubu’s Subsidy Removal and FX Reforms, Says Nigeria is Moving Forward
Former presidential aide and Peoples Democratic Party (PDP) chieftain, Reno Omokri, praises President Bola Tinubu’s decision to remove the petrol …
Read More »Moghalu Proposes Bold Reforms to Stabilize Nigeria’s Economy
Former Deputy Governor of the Central Bank Nigeria (CBN), Kingsley Moghalu, has proposed a series of bold reforms to address …
Read More »Obaseki Criticizes CBN Policies, Calls for Economic Growth Focus
In an event organized by the Edo Zone of Bankers’ Committee in Benin City, Governor Godwin Obaseki of Edo State …
Read More »Ex-Minister Criticizes President Tinubu’s Remarks on Bribe-Seeking Officials
A former Minister of Aviation, Osita Chidoka, has criticized President Bola Tinubu’s comments on bribe-seeking officials during a meeting with …
Read More »CBN Revokes 4,173 BDC Licenses: A Closer Look at Regulatory Breaches and Implications
The Central Bank of Nigeria (CBN) recently announced the revocation of operating licenses of 4,173 Bureaux De Change (BDCs) operators …
Read More »Tinubu Administration’s Monthly Petrol Subsidy Hits ₦1 Trillion, Reveals Pinnacle Oil MD
At the Nigeria International Energy Summit, Robert Dickerman, the Managing Director/CEO of Pinnacle Oil and Gas Limited, disclosed that President …
Read More »Naira Plunges to N1,600/$ in Parallel Market, US Dollar Hits Six-Week Low After Jobs Report Release
The Nigerian Naira experienced a significant depreciation at the parallel section of the foreign exchange market on Friday, reversing its …
Read More »CBN Nearing Completion of FX Backlog Clearance
The Central Bank of Nigeria (CBN) is close to completing the clearance of outstanding foreign exchange (FX) backlogs, according to …
Read More »Crypto Crackdown in Nigeria: Binance and Others Face Billions in Fines for Alleged Currency Manipulation
Nigeria’s Securities and Exchange Commission (SEC) is reportedly preparing to slap hefty fines on Binance and other cryptocurrency firms operating …
Read More »