Business

The Debt Management Office (DMO), on Monday offered two Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit. According to the DMO, the first offer is a two-year FGN Savings Bond due in March 15, 2025, at interest rate of 465 per cent per annum. The…

 The Central Bank of Nigeria (CBN), has disclosed that total repayments as of the end of February 2023 under the Anchor Borrowers’ Programme (ABP) stood at N0.503 trillion, representing 52.39 per cent, adding that the balance of N0.119 trillion was not due for repayment. The apex bank said it remains…

The Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director, Corporate Communications. He takes over from Mr Osita Nwanisobi, who has retired from the apex bank. Until his appointment, Dr Abdulmumin was a Deputy Director in the Corporate Communications Department. He has been a dedicated…

The Central Bank of Nigeria (CBN), has dismissed report that it has ordered commercial banks to accept 500 naira and 1,000 old naira note, says will stick to presidential directive to reissue only 200 naira old banknote.   In a statement on Tuesday, sign by CBN’s Deputy Governor, Corporate Services, Edward…