FX Backlog: CBN Concludes Payment of All Verified Claims By Airlines
The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed to foreign airlines in the country, has concluded the payment of all verified…
CBN Releases $500m To Clear More Verified FX Liabilities Backlog
The Central Bank of Nigeria (CBN) has released US$500 million to various sectors to further address the backlog of verified foreign exchange transactions. This comes barely a week after the…
FIRS exceeds 2023 target, collects N12.374 trillion …Targets N19.4tr in 2024
Accountant-General of the Federation, Dr (Mrs) Oluwatoyin Madein; Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; and the chairman, Federal Inland Revenue Service (FIRS), Dr Zacch…
FG, States, LGs Share N1.1trillion
Nigeria flag The Federation Account Allocation Committee (FAAC) has shared a total of trillion December 2023 allocation to the Federal Government, States and Local Government councils. This was contained in…
Finance Minister to declare open FIRS management retreat Thursday
In line with recent economic development Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, will this Thursday declare open a two-day strategic management meeting of the…
Presidential Aide on Students Engagement Hails Olukoyede on Internet Fraud
The Senior Special Assistant to the President on Student Engagement, Sunday Asefon Dayo has commended the Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede on his…
Illegal Mining, Threat to Economic Growth- Olukoyede
Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has described illegal mining activities across the country as threats to economic growth and development. He made…
CBN appoints new executives for Union, Keystone and Polarish Bank
Kayode Ogunwale Following the removal of management of Keystone Bank, Union Bank and Polaris Bank, the Central Bank of Nigeria (CBN) has announced the appointment of new executives for…
CBN Sacks Dissolves of Union, Keystone And Polaris Banks
Kayode Ogunwale The Central Bank of Nigeria (CBN) has dissolved the boards and management of Union Bank, Polaris Bank and Keystone Bank. The apex bank in a statement signed by…
Customs generates 87% of its 2023 target revenue
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has disclosed that the NCS failed to reach its revenue target of trillion, earning about 87 per cent of its…