Tag: CBN, Naira
Naira Abusers Risk Six Months in Jail- CBN
Mary KanuAug 18, 2021
The Central bank of Nigeria has warned that abusers of the Naira at social events risk imprisonment or an imposition of fine. The apex bank noted in a statement issued...
CBN retains lending rate at 11.5%
Mary KanuMay 25, 2021
The Monetary Policy Committee MPC of the Central Bank of Nigeria CBN has retained the Monetary Policy Rate at 11.5 per cent. Governor of the Central Bank of Nigeria CBN,...
CBN limits healthcare research grant to N500m
ReporterJun 08, 2020
The Central Bank of Nigeria (CBN) has pegged the maximum limit eligible for healthcare research, at N500 million Naira. This was listed among the CBN’s new guidelines...
FG receives $311m Abacha loot from US
ReporterMay 05, 2020
The sum of $311m stashed abroad by the late military dictator, Gen. Sani Abacha has been returned to the Nigerian government by the United States. In a statement issued...