The House of Representatives Ad Hoc Committee on the Need to Review the Purchase, Use and Control of Arms, Ammunition and Related Hardware by Military, Paramilitary...
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 11 International Money Transfer Operators (IMTOs) in the country’s foreign exchange market. In the...
The Central Bank of Nigeria has increased the Targeted Credit Facility (TCF) for households and Small and Medium Enterprises (SMEs) from N150 billion to N300 billion....
No respite yet for Naira at the foreign exchange (FX) market, two weeks after the introduction of a new FX policy tagged “Naira 4 Dollar” scheme...
The Central Bank of Nigeria (CBN) has stated that the growth projection for the country’s economy remain weak. This is despite the reopening of the economy...
Nigeria’s currency on Thursday strengthened marginally by 0.02 percent at the Investors and Exporters (I&E) forex window. Naira closed with the dollar quoted at N409.67k as...
The Central Bank of Nigeria has reportedly appointed KPMG LLP as transaction adviser for its newly set up infrastructure fund. According to a Bloomberg report, quoting...
The Central Bank of Nigeria (CBN) has stated that fiscal deficit of N1.48 trillion was recorded by the Federal Government in the fourth quarter of last...
Nigeria recorded $23.60 billion as aggregate foreign exchange inflow into the economy in the fourth quarter of 2020. This was a drop of 35 percent from...
Gov. Nyesom Wike of Rivers has urged the Central Bank of Nigeria (CBN) to extend its agriculture development loan schemes to the state. Wike made the...
The Naira ended the week trading at N485 against the dollar, N5 or 1.04 percent lower, in the black market, when compared to the 480 it...
The Executive Vice-Chairman (EVC) of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, has said that the commission and the Central Bank of Nigeria (CBN) were...
The Central bank of Nigeria (CBN) has revealed, that Nigeria paid off $5.76 billion as external debt service from January to December in 2020, this is...
Industrialists and Manufacturers on Monday, March 8, said the Naira 4 Dollar Scheme, an initiative by the Central Bank of Nigeria to encourage diaspora remittances would...
Financial experts and businessmen have criticised the “Naira for dollar” incentive initiated by the Central Bank of Nigeria (CBN). The apex bank had directed deposit money...
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to provide spending details of the overdrafts and loans obtained from the Central Bank of...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of Diaspora remittances into the country. The CBN’s Director of Trade...
The Central Bank of Nigeria (CBN) has extended its forbearance on intervention loans obtained from the apex bank. A new regulatory directive was issued following the...
Nigeria’s Diaspora remittances recorded 500 percent increase in inflow since the Central Bank of Nigeria (CBN) directed all International Money Transfer Operators (IMTO) to allow remitters...
Nigeria’s Vice President, Prof Yemi Osinbajo, on Friday asked the Central Bank of Nigeria (CBN) to regulate cryptocurrencies instead of prohibiting them in the country. Ripples...
The social media space on Thursday morning was awashed with reactions to comments made by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele about...
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways...
Nigerian banks have been instructed to open dollar accounts for their customers immediately they receive deposit requests from International Money Transfer Operators. WorldRemit- an International Money...
The International Monetary Fund (IMF) has thrown its weight behind the Central Bank of Nigeria (CBN) two weeks after the CBN directed banks to close accounts...
Nigeria’s external reserves plunged to $35.633 billion despite strong run of oil price, with the country shedding $565 million. As the country’s external reserves dip, Nigeria...
The Central Bank of Nigeria (CBN) in the first half ended June 2020, injected a cumulative sum of $10.31 billion to cushion demand pressures and ensure...
Between January and September 2020, 11 banks listed on the Nigerian Stock Exchange (NSE) generated a total of N42.8billion or N4.7 billion monthly, from account maintenance...
A member of President Muhammadu Buhari’s economy advisory team, Bismarck Rewane, has faulted the decision of the Central Bank of Nigeria (CBN) to ban cryptocurrency transaction...
Bismarck Rewane, a member of President Muhammadu Buhari’s economic advisory team, has advised the Central Bank of Nigeria (CBN) on steps to take to temper the...
The Central Bank of Nigeria (CBN) has concluded plans to renovate the National Theatre, with three contractors chosen to conduct the reconstruction work. One of the...
Nigeria’s Securities and Exchange Commission (SEC) has stated that the regulation of cryptocurrency falls under its authority following the clampdown on Bitcoin and other digital assets...
The Central Bank of Nigeria (CBN) has advised commercial banks to always accept the Machine Readable Convention Travel Document (MRCTD) issued by the Nigeria Immigration Services,...
Nigeria recorded the lowest Diaspora remittances for the first time since 2013 as COVID-19 affected the income of Nigerians living abroad. According to Central Bank of...
The Federal High Court has backed the charges placed on current account maintenance by the Central Bank of Nigeria (CBN). The CBN had issued a directive...
A federal high court sitting in Abuja on Wednesday ordered the Central Bank of Nigeria (CBN) to unfreeze the bank accounts of some #EndSARS protesters frozen...
The International Monetary Fund (IMF) on Monday urged the Central Bank of Nigeria (CBN) to stop financing the Federal Government’s budget deficits in order to stop...
Two days after the Central Bank of Nigeria (CBN) banned cryptocurrency, the Tesla founder, Elon Musk, has thrown his weight behind Bitcoin. There have been debates...
The Central Bank of Nigeria (CBN) said on Sunday it would continue to educate Nigerians on the danger associated with cryptocurrency transactions despite criticism by groups...
The social media space in Nigeria has been awashed with reactions from users across the world following the new regulation on crypto transactions by the Central...
The Central Bank of Nigeria (CBN) has reportedly banned the use of Bitcoin and other cryptocurrencies in Nigeria, three months after the country became the second...
The Central Bank of Nigeria (CBN) says it has disbursed a total of N2 trillion through its various intervention programmes, as at January 2021. This was...
The Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR) unchanged at 11.5 percent after two days of its Monetary Policy Committee...
The Central Bank of Nigeria (CBN) has directed banks in the country to stop Nigerian exporters who are yet to repatriate their export proceeds effective from...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
The Central Bank of Nigeria (CBN) has threatened to shut the accounts of operators who continue to violate diaspora remittance regulations as well as withdraw their...
The Federal Government said on Thursday it had approved and disbursed the sum of N14.35 billion to the Distribution Companies of Nigeria (DisCos) to procure at...
Fitch, a credit ratings agency, has sounded the alarm over Federal Government’s reliance on Central Bank of Nigeria(CBN) for loans through Ways and Means facility, to...
As the National Identification Number registration deadline nears tomorrow, Ripples Nigeria can confirm that 68 million bank accounts are without Bank Verification Number (BVN). According to...
Latest data from the Nigerian Bureau of Statistics (NBS) has revealed that a total of N9.28tn was spent on the importation of manufactured goods into the...