BREAKING: CBN revokes Skye Bank's license, directs on depositors' funds

21 September 2018

The Central Bank of Nigeria (CBN) has withdrawn the operating license of Skye Bank.

CBN Governor, Godwin Emefile who announced the decision on Friday evening in Lagos said depositors funds... Read More...

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Obasanjo Farms, 10 others shut over tax default

18 September 2018

In continuation of its aggressive tax drive, the Oyo state government on Tuesday shut down the business premises of Obasanjo Farms, located in Oluyole Industrial Estate, Ibadan, MRS oil in the Oyo... Read More...

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BREAKING: Ekiti Assembly receives, passes 2018 budget amendment in one hour

13 September 2018

The Ekiti state house of Assembly approved an additional N9.9bn to the initial N98.6bn 2018 Budget 

At the sitting which commenced at around 12pm, and presided over by Speaker, the bill... Read More...

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FG, States, LGAs share N2trn in 3 months, higher than same time last year

11 September 2018

Increase in crude oil price, as well as domestic oil production, raised the nation’s revenues from oil, which made the three tiers of government to share N2tn in the second quarter of this year,... Read More...

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Quick breakdown of the 2018 budget

21 June 2018

2018 budget of consolidation breakdown:

Total Expenditure - N9.12tn

Revenue projection - N7.17tn

Recurrent expenditure - N3.51tn

Capital expenditure...

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CBN pumps $210m into the forex market

21 June 2018

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market.

In its desire to meet customers...

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Full speech delivered by Pres. Buhari at the signing of 2018 budget

20 June 2018

“I would like to thank the leadership of the National Assembly, particularly the Senate President and the Speaker of the House of Representatives, as well as all the Distinguished Senators and... Read More...

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Forex: CBN gives Retail SMIS $343.06m boost

15 June 2018

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange... Read More...

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Pres. Buhari approves nomination of Folashodun Shonubi as CBN's Deputy Gov.

08 June 2018

President Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.

Mr. Folashodun...

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Mounir Gwarzo

SEC Director General suspended over financial impropriety

30 November 2017

The Minister of Finance, Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission, Mounir Gwarzo, from Office, to allow for an unhindered investigation of several... Read More...

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