Corporate Tax, VAT drive federation account to N6.86tn – CBN
Receipts into the federation account increased by 7.48% to N6.86 trillion in the third quarter of 2024, according to the latest Economic…
CBN
1,000 CBN staff left voluntarily – Cardoso
The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the 1,000 staff members who left the bank did…
FG borrowings push money supply to N108.96tn – CBN
Driven by domestic borrowings from the private sector, Nigeria’s Broad Money Supply grew by 51% Year-on-Year to N108.96 trillion in November 2024.…
CBN accused of misappropriating N2.7tn interest on Ways and Means
The Federal Government has accused the Central Bank of Nigeria of misappropriating N2.73 trillion in interest payments from Ways and Means advances,…
Treasury bills subscription hits ₦38.08tn in 2024 – CBN
Investors’ subscription to Nigerian Treasury Bills surged from N23.51 trillion in 2023 to N38.08 trillion in 2024, according to a report by…
CBN attributes oil revenue crash to ageing pipelines
The Central Bank of Nigeria has identified ageing pipeline infrastructure and operational inefficiencies as key factors contributing to a significant 24.72% decline…
CBN to launch whistleblower platform January
The Central Bank of Nigeria will launch an externally hosted whistleblowing platform on January 1, 2025. This initiative underscores the bank’s dedication…
CBN sets PoS agents daily transaction limit at N1.2m
The Central Bank of Nigeria has set a daily transaction limit of N1.2 million for Point of Sale agents. Additionally, the bank…
Diaspora remittances surge to $4.22bn – CBN
The Central Bank of Nigeria has reported a substantial rise in diaspora remittances through International Money Transfer Operators, reaching $4.22 billion between…
CBN restricts daily limit of POS transactions to N100,000
The Central Bank of Nigeria has introduced a policy to advance its cashless economy initiative, capping daily cash-out transactions conducted by Point…
CBN fines banks ₦150m for selling mint Naira notes
The Central Bank of Nigeria has imposed a hefty ₦150 million fine on deposit money banks and financial institutions found selling newly…
Nigeria’s money supply rises by 48% in October
Nigeria’s broad money supply grew by 48.3% year-on-year, reaching N107.7 trillion in October 2024, up from N72.6 trillion in the same period…