CBN 'Skyrockets' Micro-Finance Banks Capital Base by 900%

THE Central Bank of Nigeria (CBN) has jerked up the minimum capital base for Micro-finance Banks (MfBs) by between 150 and 900 percent.

DOLLAR CRASHES, TREMENDOUSLY FAR TO NAIRA

The dollar yesterday crashed to N368/$ in the parallel market, after over three weeks at N382/$, representing N14 appreciation within the period.

N8 BILLION CBN CURRENCY SCAM: RULING ON JUDGE' DISQUALIFICATION

Justice Joyce Abdulmaleek of the Federal High Court, Ibadan, has adjourned ruling on the application asking her to disqualify herself from further trial of Mr Festus Adeyemi, an accused in the N8 billion CBN currency scam.

FOREIGN RESERVES NOW $31B; NIGERIA TO BE OUT OF RECESSION Q3

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, yesterday said the country will be completely out of recession in second or first half of the third

Reps summon Magu, Emefiele, Baru, 5 others over stolen $17bn oil money

Magu, Emefiele & Baru

The House of Representatives Ad hoc Committee investigating alleged 17 billion dollars stolen undeclared oil proceed has summoned Mr Ibrahim Magu, acting Chairman of Economic and Financial