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Ecobank warns Flour Mills against loan ridden Honeywell deal

Ecobank Nigeria Limited has warned Flour Mills of Nigeria Plc against the proposed acquisition of equity stake in Honeywell Flour Mills Plc, alleging...

Flour Mills and Honeywell owe CBN, FBNH, Bondholders a combined N220 billion

Flour Mills of Nigeria (FMN) Plc and Honeywell Flour Mills Plc, two of Nigeria’s largest flour mills, announced an acquisition deal that will see the...

CBN Retains MPR at 11.5%

The Central Bank of Nigeria (CBN) Tuesday resolved to leave all monetary policy parameters unchanged, retaining the Monetary Policy Rate (MPR), otherwise known as...

We’ve Returned Kogi’s Hidden N19.3bn To CBN – EFCC

The Economics and Financial Crimes Commission (EFCC) says it has returned the N19.3 billion bailout funds reportedly hidden by the Kogi State Government to...

CBN Grants Airtel Approval-in-Principle to Operate Super Agent

The Central Bank of Nigeria (CBN) yesterday granted Airtel Nigeria the approval in principle to operate super-agent network in Nigeria.Airtel Africa, the parent company...

Naira Sustains Gains on Parallel Market, Now N535/$

Following improved dollar supply by the Central Bank of Nigeria (CBN) for legitimate transactions, the naira has appreciated to N535 to a dollar as...

CBN Unveils ‘100 for 100’ Policy

The Central Bank of Nigeria (CBN) has unveiled selection criteria for private sector companies to participate in its new financial instrument tagged, “The 100...

SOSG Secures N8b CBN Loan For Farmers

By Muhammad Goronyo, Sokoto…approves N8b For Road ProjectsSokoto state government will soon secure N4 billion Central Bank of Nigeria (CBN), Commercial Agricultural Credit Scheme...

Nigeria Govt. Unveils E-Naira, Promises 90 days free Transactions on Platform

President Muhammadu Buhari on Monday unveiled the e-Naira.Buhari launched the country’s digital currency at the Presidential Villa, Abuja.The event had in attendance the Vice...

Buhari to Unveil CBN’s E-Naira Tomorrow

President Muhammadu Buhari will tomorrow (Monday) formally launch the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira at the State House, Abuja.The...

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