Category : Search result: CBN approval

CBN Issues Fresh Warning: Naira Abuse Remains a Crime

CBN: Abuse of Naira is a Punishable Offence

The Central Bank of Nigeria has warned citizens against the abuse of the Naira, stating that spraying, hawking, or mutilating the currency is a punishable offence. Respect our national symbol.

Nigeria's FX Inflows Drop 25% to $672m Despite Naira Gains

Nigeria's FX inflows fall to $672m despite naira strength

Nigeria's foreign exchange inflows dropped to $672.30 million despite naira strengthening in both official and parallel markets. Foreign portfolio investors remain key dollar suppliers as analysts warn of speculative risks.

Moghalu Slams Emefiele as Disastrous CBN Governor and Political Puppet

Moghalu: Emefiele was disastrous CBN governor

Former CBN deputy governor Kingsley Moghalu condemns Godwin Emefiele's tenure, calling it disastrous and politically compromised. Read the full analysis of Nigeria's economic decline.

153 Gazans Land in South Africa with Mysterious Third-Country Approval

153 Palestinians arrive in South Africa unexpectedly

Israeli authorities confirm 153 Palestinians received third-country approval before landing in Johannesburg. President Ramaphosa questions the mysterious arrival as South Africa processes the group.

Senate Approves Tinubu's N1.15 Trillion Domestic Loan Request

Senate okays N1.15trn loan for 2025 budget deficit

The Nigerian Senate has approved President Tinubu's request to borrow N1.15 trillion from the domestic debt market to fund the increased 2025 budget deficit. Read the full details and implications.

National Assembly Officials Jailed for N4.8 Million Job Scam

NASS Officials Jailed for N4.8m Job Fraud

ICPC secures conviction of two National Assembly staff for a N4.8m job scam involving fake CBN and FIRS employment. Justice served as convicts refund money. Beware of fake job offers!

Naira Crashes to 10-Day Low, Losing N4.37 Against US Dollar

Naira falls to 10-day low against US dollar

Naira reverses gains, crashing to N1,443.08 against USD in official market. Third straight day of losses as mid-month demand pressures mount. Read full analysis.

Naira Surges: British Pound Crashes Below N2,000 in Nigerian Markets

Naira Gains as Pound Sterling Falls Below N2,000 Mark

Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.

GTBank Increases Naira Card Dollar Limit to $6,000 Quarterly

GTBank Raises Naira Card Dollar Limit to $6,000

GTBank has increased international spending limits on naira cards from $1,000 to $6,000 per quarter. The move reflects improved forex liquidity and market stability. Learn how this affects Nigerian cardholders.

First Bank Holdings Soars with N450.9 Billion Profit Amid CBN Recapitalisation Push

First Bank Holdings Posts N450.9B Profit

First Bank of Nigeria Holdings Plc announces staggering N450.9 billion profit as it strategically positions itself for Central Bank of Nigeria's banking sector recapitalisation requirements.

Naira Takes Another Dive: Nigerian Currency Loses Ground Against US Dollar in Fresh Exchange Rate Setback

Naira Falls Again: Loses Ground Against US Dollar

The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.

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