VAM News update THE Central Bank of Nigeria (CBN) has refuted claims of planning to redenominate the country’s currency, the Naira, with effect from January 2024. This clarification was provided in a…
Tag: CBN
Nigerians Without NIN, BVN Out Of FG’s Cash Transfer Disbursement
VAM News Update THE Central Bank of Nigeria (CBN) has announced that Nigerians who do not possess a National Identification Number (NIN) or a Bank Verification Number (BVN) will not be eligible…
Jumbo Salaries: How Some Nigerian Workers Are Paid More Than Presidency — RMAFC Chairman
VOICE AIR MEDIA THE Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Muhammed Shehu, says political office holders in Nigeria do not earn outrageous emoluments as speculated by Nigerians. Mr…
Official! Emefiele now out of CBN to Pave Way For Cardoso
VOICE AIR MEDIA THE suspended governor of the Central Bank of Nigeria, Godwin Emefiele, resigned from his post last month, according to a report by Reuters. President Bola Tinubu nominated the former…
BREAKING: Tinubu Special Investigator Faults CBN Audited Reports, DSS To Grill More Officials
A Special Investigator appointed by President Bola Tinubu has noticed loopholes in the audited annual financial reports of the Central Bank of Nigeria (CBN). The Investigator was appointed to investigate the…
BREAKING: CBN Issues Fresh Directive To Banks Over Foreign Exchange
THE Central Bank of Nigeria (CBN) has directed commercial banks to refrain from utilizing their foreign exchange revaluation gains for dividends and operational expenditures. It was gathered that the…
BREAKING: CBN unveils FX price verification system portal
The Central Bank of Nigeria has introduced a foreign exchange price verification system designed for importers to have access to forex. The apex bank in a statement from its Trade and…
Naira To Dollar: CBN Moves To Stop Free Fall Of Exchange Rate
VAM News Update THE Central Bank of Nigeria has said it is set to take new measures to stabilise the naira against the dollar. Acting Governor of the CBN, Folasodun Sonubi, made…
CBN explains why the Naira has been falling
THE acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi has blamed the continuous of fall of Naira against Dollars on unofficial diaspora remittances. Folashodun Shonubi disclosed this on Thursday,…
CBN: Nigeria not doing badly compared with other African countries
The Central Bank of Nigeria has said the country’s inflation rate is better compared to most African nations. The acting Governor of the CBN, Folashodun Shonubi, stated this on Tuesday at…