Goodness Eminue The Central Bank of Nigeria unveiled a comprehensive list of licensed Money Deposit Banks (MDBs) on Tuesday, May 7, 2024, marking a significant update for the country’s financial sector. The list, which was published on the Apex bank’s website yesterday, highlights the names and locations of banks authorized to operate in Nigeria, notably […]
CBN Says it has no Control over Fuel Price, Forex
Miracle Akubuo The Central Bank of Nigeria revealed to the House of Representatives that it lacks control over fuel prices and foreign exchange rates. According to Clement Osagie, the principal manager of CBN, the recent fuel price hike is a result of subsidy removal, following the announcement of a regime of unified exchange rates by […]
CBN Debunks Rumor, Says Naira Remains N465/$1
Boluwatife Adedokun The Central Bank of Nigeria (CBN) has debunked the news published by Daily Trust that Naira has been devalued to $630/per naira. This was made known in a statement that was signed by Isa AbdulMumin, Ag. Director Corporate Communications and released on their Twitter handle this morning. The Apex bank reiterated that the […]