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Government

CBN Targets $2 Billion Monthly From Nigerians In Diaspora Forex Remittances

Wires Editor | The Trent -
Godwin Emefiele, the governor of Central Bank of Nigeria, CBN, has said that following the introduction of the new Diaspora Forex Remittances policy, the...
Government

Recession Will End First Quarter Of 2021 – CBN Projects

Wires Editor | The Trent -
Godwin Emefiele, the central Bank of Nigeria governor,  is optimistic that Nigeria will emerge from recession by next March. He also projected a GDP growth...
Government

London Court Orders Release Of $200 Million To Nigeria

Wires Editor | The Trent -
The London Commercial Court has ordered the release of the $200 million guarantee put in place by Nigeria as security for the stay of...
Government

CBN Orders Banks To Report Exporters Who Don’t Repatriate Forex

Wires Editor | The Trent -
Central Bank of Nigeria, CBN, has directed banks to submit the names, addresses and Bank Verification Numbers, BVN, of exporters that have defaulted in...
Government

Bankers Committee To Support Airlines, Media Industry With COVID-19 Stimulus Package

Wires Editor | The Trent -
On the prompting of the governor, Central Bank of Nigeria, CBN, Godwin Emefiele, the Bankers’ Committee unanimously agreed to extend special facilities to Nigerian-registered...
Government

Bureau De Change Will Get Dollars When International Flights Resume – CBN

Wires Editor | The Trent -
Central Bank of Nigeria, CBN, has said it would restart the auctioning of foreign exchange to bureau de change, BDC, operators once international flights...
Government

Nigerian Gov’t Hands Over National Theatre To Bankers’ Committee

Wires Editor | The Trent -
The federal government on Sunday, July 12, 2020, officially handed over the National Theatre complex in Lagos to the Central Bank of Nigeria, CBN,...
Government

COVID-19: Name Beneficiaries Of Cash Payments – SERAP Drags Nigerian Gov’t To Court

Wires Editor | The Trent -
Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit asking the Federal High Court, Abuja to order the Federal Government and Central Bank...
Government

World Bank Approves $750 Million Loan For Nigeria

Wires Editor | The Trent -
The World Bank Board has approved a $750 million facility for the Nigerian Power Sector in a bid to support the Buhari administration in...
Others

CBN Approves N432 Billion Loan For Farmers

Wires Editor | The Trent -
The Central Bank of Nigeria, CBN, will soon release the framework for the disbursement of some N432 billion non-interest loans to farmers as part...
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