•Naira notes Nigeria’s broad money supply rose to N114.22 trillion in March 2025 despite aggressive monetary tightening by the Central Bank of Nigeria, which raised the Cash Reserve Ratio to an unprecedented 50 per cent. The latest money and credit statistics released by the apex bank show that the March figure represents a 24 per […]...
•Britain’s Prime Minister Keir Starmer The UK yesterday lifted sanctions imposed during the rule of the former Syrian leader Bashar al-Assad against 24 entities including Syria’s Central Bank, a statement said. The UK government said last month it planned to ease sanctions after Syria’s new leaders, former rebels who toppled Assad, sought to p...
Local Governments across the country are facing a fresh hurdle in their bid to receive their monthly allocations directly from the Federation Accounts. Each of the 774 local governments is now required to furnish the Central Bank of Nigeria (CBN) with a comprehensive audit of its finances for two years as a prerequisite for direct […]
•Bundles of Dollar The Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureau De Change (BDCs) at the rate of N1,580 to a dollar. This is according to a statement issued by Dr Williams Kanaya, the Acting Director, Trade and Exchange Department of the apex bank. “This is to […]
•CBN Governor, Yemi Cardoso The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). The decision, approved by CBN Governor Olayemi Cardoso on Friday, marks the latest in a series of layoffs at the apex bank since his assump...
•House of Representatives It was a rowdy scene at the emergency plenary session called by the Speaker of the House of Representatives, Tajudeen Abbas, today. The debate centred on a bill seeking to raise the Ways and Means cash advances from the Central Bank of Nigeria from five per cent to 10 per cent. This […]
•Aliko Dangote Chairman and Chief Executive of the Dangote Group, Aliko Dangote, has criticised the latest increment of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN). While addressing the audience during the opening session of a three-day summit Organised by the Manufacturers Association of Nigeria (MAN) at the Banqu...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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