Business

CBN Reveals Those Who Can Claim Funds In Dormant Accounts

The Central Bank of Nigeria (CBN) has clarified that next of kin, legal representatives, and beneficial owners are now authorized to claim unclaimed balances...

CBN Reveals Dormant Accounts Classification

The Central Bank of Nigeria (CBN) has clarified that only accounts inactive for over 10 years will be classified as dormant and used for...

Dangote Group Reacts To Media Report Claiming Refinery Is Reselling Crude Oil

The Dangote Group has refuted a media report alleging that its oil refining subsidiary, Dangote Refinery, is reselling crude oil sourced from the United...

What CBN Did With $148m On July 22 And 23, 2024

The Central Bank of Nigeria (CBN) has sold a cumulative $148 million to authorized dealers in the Nigerian Foreign Exchange Market (NFEM) to enhance...

Naira Suffers Massive Depreciation Against Dollar

The Naira depreciated yesterday to N1,603.8 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ indicated that the indicative exchange rate...
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CBN Tells Nigerians What To Do To Banks Without Cash In ATMs

The Central Bank of Nigeria (CBN) has instructed all...