CBN

Nigerians usage of bitcoin has continued to rise despite warnings by the Central Bank of Nigeria that digital currencies are not legal tender.

The Central Bank of Nigeria (CBN) has appointed Ahmed Bello Umar as the new Director, Currency Operations.

The House of Representatives Joint-Committee on Insurance & Actuarial Matters, Health Services and Health Institutions, has disclosed that despite a steady guzzle of billions of public funds in 15 years, the National Health Insurance Scheme (NHIS) has captured less than five per cent of Nigerians.

The Integrated Personnel Payroll Integrated System says the Central Bank of Nigeria, the Nigerian National Petroleum Corporation, the Federal Inland Revenue Service and a few other agencies are not on their platform because these agencies are revenue-generating entities.

Some women groups have called for further review of the N50 stamp duty charges on electronic payment recently introduced by the Central Bank of Nigeria (CBN).

The Deputy Governor, Corporate Services of the Central Bank of Nigeria, Edward Lamatek Adamu has revealed that the plethora of economic interventions of the apex bank have saved the federal government about N1.3 trillion via import bills.

The CBN Deputy Governor, Corporate Services, Mr Edward Adamu made this known at the ongoing 28th Seminar for Finance Correspondents and Business Editors in Owerri on Tuesday.

Governor David Umahi of Ebonyi State, on Monday, stressed that he supports the closure of the Nigerian border as directed by President Muhammadu Buhari.

Governor Nasir El-Rufai of Kaduna State has said that he had never at any time prevented the Economic and Financial Crimes Commission (EFCC) from performing its functions as widely misreported.

FMDQ Securities Exchange, through its Board Listings, Markets and Technology Committee, approved the listing of 500 million units of N1.00 each of SFS Fixed Income Fund on its platform.

The $60 billion inflows from the Investors’ and Exporters’ Foreign Exchange (I&E Forex) Window has contributed to the sustained stability of the naira against world currencies for the last 29 months, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has said.

The Central Bank of Nigeria (CBN) has injected 323.5million dollars into the Retail Secondary Market Intervention Sales (SMIS) for its last intervention for November.

The Federal High Court, Abuja, says Kaduna State Governor, Nasir El-Rufai, cannot stop the Economic and Financial Crimes Commission (EFCC) from investigating him.

An official of the Central Bank of Nigeria, Mrs Anne Ezekannagha, who testified as the first prosecution witness, told the court that the CBN has no record of licensing Ismalob Global Investment Limited as a Bureau de Change operator.

A Federal High Court in Ikoyi on Friday heard that suspected internet fraudster Ismaila Mustapha, alias Mompha, has a bank account balance of only N598,000.

Ahead of Saturday’s Kogi West Senatorial Supplementary and the Ajaokuta Federal Constituency rerun elections, the Independent Electoral Commission (INEC), on Thursday, began distribution of election materials to the affected areas.

The $57 oil benchmark adopted by the Federal Government in the 2020 budget may be unrealistic as the Central Bank of Nigeria (CBN) has called for its downward review.

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent.