Fresh Dust Over Union Bank’s Sale As CBN Investigator Summons Tunde Lemo
The Special Investigator appointed by President Bola Tinubu to probe the Central Bank of Nigeria (CBN) has summoned the Chairman of Titan Trust Bank (TTB), Tunde Lemo, and two other shareholders of the bank over the controversial acquisition of Union…
CBN lifts ban on cryptocurrency transactions
The Central Bank of Nigeria (CBN) has lifted the ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system. The CBN announced the reversal of the policy in a circular by Haruna Mustapha, its Director, Financial…
JUST IN: Port Harcourt Refinery Resumes Operations
The Port Harcourt Refining Company (PHRC) in Rivers State has resumed operations, aligning with the federal government’s commitment to produce refined goods at the plant by December 2023. Initially shut down in 2019, the combined processing capacity of Nigeria’s four…
Nigeria’s Public Debt Grows by 0.61% in Three Months to N87.91 Trillion
Nigeria’s total public debt stock, including domestic and external debt obligations of the federal government, states, and Federal Capital Territory (FCT), rose to N87.91 trillion ($114.35 billion) at the end of the third quarter of the year (September), the Debt…
$19bn Dangote Refinery gets another 1m barrels crude oil
With the delivery of two million barrels of crude, the $19 billion Dangote Oil Refining Company is set to commence production of petroleum products paving the way for additional jobs and foreign exchange relief to the economy. This follows yesterday’s…
CBN Suspends New Request For Intervention Loans
The Central Bank of Nigeria (CBN) has announced the suspension of new loan applications under its intervention programme. The announcement was communicated in a circular entitled “Suspension of Acceptance of New Applications under the Existing Central Bank of Nigeria, CBN…
Breaking: CBN suspends charges on cash deposit for individuals, organisations
The Central Bank of Nigeria (CBN) has suspended charges on cash deposits for individuals and corporate organisations with immediate effect till April 30, 2024. Details soon… Affairs TV News Click Here to Join our WhatsApp Group Click Here to Join…
Beware Of Fake Naira Notes In Circulation, CBN Warns Nigerians
The Central Bank of Nigeria (CBN) Friday warned Nigerians to beware of counterfeit Naira bank notes in circulation. The apex bank in a statement advised Deposit Money Banks, Financial Houses, Bureau de Change, and the public to be vigilant and…
Dangote refinery gets first crude supply
The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources and tanker tracking data. The analytical firm said the development indicated that fuel production at the new $19 billion facility…
CBN Governor approves reviewed service charter
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has approved the apex bank’s revised “Service Charter.” According to the News Agency of Nigeria (NAN), the service charter is a prerequisite of the Business Facilitation Act 2022 that…