Nigeria’s External Reserves Decline to $36.620bn Amidst Economic Hardship
Amidst economic woes that fueled high cost of living and a recent nationwide hunger protests, Nigeria’s external reserves have decreased by 0.68% to $36.620bn as of August 12, 2024, from $36.872bn recorded on August 7, 2024, according to data from…
CBN Freezes Unfunded Accounts, To Freeze Bank Accounts Not Linked With BVN, NIN
The Central Bank of Nigeria (CBN) has ordered the immediate freezing of any unfunded account/wallet and issued a deadline for banks to put “Post No Debit or Credit” restriction on bank accounts that are not linked with Bank Verification Number…
$265m To Foreign Airlines: CNPP Commends CBN For Intervention To Avert Total Shutdown
Conference Of Nigeria Political Parties (CNPP) has hailed the Central Bank of Nigeria (CBN) for its release of $265 million to foreign airlines operating in the country for the remittance of part of their revenues trapped in the country. Recall…
