Browsing: Currency

EFCC has re-arraigned Tunde Ayeni former Chairman of Skye Bank Plc (now Polaris Bank), and former MD Timothy Ajani Oguntayo for N8bn money laundering

Governor of the Central Bank Of Nigeria (CBN), Mr Godwin Emefiele says CBN in the next five years, will aggressively pursue policies that will further diversify the Nigerian economy.

The Central Bank of Nigeria (CBN) on Wednesday said the country’s outstanding domestic debt stood at N12.44 billion as at December 2018.

The Central Bank of Nigeria (CBN) has dismissed reports that N500 billion was missing from it coffers, describing the rumour as fake news.

The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).

President Muhammadu Buhari has nominated governor of the Central Bank of Nigeria (CBN), Godwin Emefiele for a second term in office.

The Federal High Court in Lagos has further adjourned hearing till May 24 in a suit seeking the permanent forfeiture of the sums of $5.7m and N2,421,953,522.78 allegedly belonging to wife of former President Goodluck Jonathan, Patience.

Federal High Court in Lagos has adjourned Union Bank’s N10bn and $5m suit against oil company, Petrocam Trading Nigeria as court battles continue.

The Central Bank of Nigeria (CBN) has disclosed that there are 8.88 billion pieces of different denominations of Nigerian currencies valued at N2.15 billion in circulation as at March 2019.

The Central Bank of Nigeria (CBN) yesterday took bold steps to reverse the $4billion Nigeria spends annually on imported textiles and ready-made clothing by kicking off the distribution of cotton seeds and other inputs to farmers in Katsina State.