With the December 31, 2017 deadline set by the Central Bank of Nigeria (CBN) for Micro-Finance Banks (MFBs) to enrol their customers on the Bank Verification...
The National President, Rice Farmers Association, Aminu Goronyo, Wednesday in Abuja promised Nigerians that the price of a 50kg bag of locally produced rice would crash from...
The House of Representatives has revealed that officials of the Central Bank of Nigeria (CBN) and Federal Inland Revenue Service (FIRS) have shunned 14 invitations extended...
The Senate Wednesday revealed that the refusal of some officials of government to honour its invitation for the consideration of templates contained in the 2018 budget was frustrating...
The Abuja Division of the Federal High Court, Wednesday, citing “awkward and unfortunate result”, modified the orders it made on October 17 which directed 19 commercial...
The Senate has indicted the Central Bank of Nigeria (CBN) for regulatory failure in the alleged illegal repatriation of $13.9 billion by telecommunications company, MTN. Adopting...
As President Muhammadu Buhari prepares to lay the 2018 appropriation bill before the National Assembly, some 36 statutory bodies have not submitted their 2017 budget proposal...
Ebun-Olu Adegboruwa, a lawyer, has described the order granting forfeiture of funds in accounts without Bank Verification Number (BVN) to the Federal Government as “manifestly illegal”....
In an aggressive drive towards shoring up its revenue base, the Federal Government has through Nnamdi Dimgba, a judge of the Federal High Court, Abuja, secured...
The Governor of Kebbi, Abubakar Bagudu, has stated that Nigeria could not have recovered from recession “early” if not for President Muhammadu Buhari’s prioritization of agriculture...
President Muhammadu Buhari Friday approved the appointment of Tunde Lemo, a former deputy governor of the Central Bank of Nigeria (CBN), as the Chairman of the...
The Central Bank of Nigeria (CBN) is threatening to sanction exporters who fail to repatriate foreign exchange (forex) proceeds from their businesses into the economy. CBN...
President Muhammadu Buhari has presented Mrs Aishah Ahmad to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). She is to...
Office of the Accountant-General of the Federation, OAGF, is having trouble reconciling revenues being paid into the Treasury Single Account, TSA. Its difficulties arise from the...
The 0.55 per cent Gross Domestic Product (GDP) growth rate, which pulled Nigeria out of its 15-month recession, is still fragile, the Monetary Policy Committee (MPC)...
The recent downtrend at the Nigerian equities market continued on Tuesday with a net capital loss of N141 billion as the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) Monday restated its decision to sanction any Deposit Money Bank (DMB) which failed to comply with its earlier instructions to...
THE top five banks in the country recorded N363 billion decline in customers’ deposit in the first half of 2017, H1’17, reflecting their inability to meet...
The Central Bank of Nigeria (CBN) has, in continuation of its naira intervention policy, injected $250m into the interbank foreign exchange market. Isaac Okorafor, Acting Director,...
One of the Big Four consulting firms, PricewaterhouseCoopers (PwC), has in a recent report laid out the external debt-associated risk to the devaluation of the naira....
Foreign investors’ confidence in the economy is rising. The feat is attributed to the $14.1 billion combined foreign exchange (forex) deals from the Investors’ & Exporters’...
Nigeria’s overnight lending rate dropped to 12 per cent on Friday after the earlier sharp rise by almost 100 per cent on Wednesday due to a...
The much famed N701.9 billion Payment Assurance Fund (PAF) meant to provide more liquidity for Generation Companies (GenCos) to pay for gas and increase electricity supply,...
Despite claims of neglect and abandonment, investigation has revealed that governments of oil-producing states in Nigeria had over the years, failed to utilize the resources provided...
The Federal High Court in Lagos Wednesday struck out the suit filed by the Federal Government against seven commercial banks accused of breaching government’s Treasury Single...
Nigeria’s external reserve has risen to a two-year high of $31.2 billion even as the naira appreciated to N367.5 kobo at the Investors & Exporters (I&E)...
The nation’s stock of foreign exchange reserves has recorded an upward swing to $31 billion, after declining to a near $30 billion mark two months ago...
Despite the incentives put in place by the Nigerian Shippers’ Council (NSC) to woo organised private sector to draw from its $1.5 billion loan facility known...
Respite may have come the way of 9mobile, as feelers from the consortium of banks it owes $1.2 billon is that they are willing to wait...
The Treasury Single Account (TSA) policy has enabled the Federal Government to save N4billion monthly from charges that banks collected on its numerous accounts, The Nation...
In line with its aggressive foray into the foreign exchange (forex) market as well as to further enhance forex flow in the economy, the Central Bank...
The Central Bank of Nigeria (CBN) Tuesday, warned that Nigeria’s economy may relapse into a protracted recession, citing the N2.5 trillion budget deficit recorded by the...
What can be described as a severe cash crunch situation has started hitting Nigerian banks and may worsen unless the Central Bank of Nigeria(CBN) puts urgent...
The Nigeria Natonal Petroleum Corporation (NNPC) has denied involvement in illegal hiding of funds with some banks in breach of the Treasury Single Account (TSA) policy...
In its bid to attract more foreign investments and meet its projected 30 per cent increase in dollar supply in the forex market, the Central Bank...
Although it pegged the exchange rate at N305 to $1, the Senate, on Thursday instructed the Federal Government to peg the exchange rate to Nigerians embarking...
By Churchill Obinna Okonkwo Nigerian problem is like Lagos traffic, long, complex, and ugly. I have been attempting to solve the complex equation – Nigeria, and...
The Nigerian Communication Commission (NCC) is said to have succeeded in brokering a deal to resolve the impasse that has greeted Etisalat’s business relationship with its...
Manufacturers are yet to accept the Central Bank of Nigeria’s (CBN) latest data projecting the real sector as having witnessed four per cent growth for three...
Findings have revealed that bank customers in Nigeria lose at least N20 million monthly to robbers and other criminals using the point of sales (POS) devices....
Although the Central Bank of Nigeria (CBN) is yet to formally lift the ban on commercial banks going for dollar denominated loans, some of the banks...
Barely 48 hours of the Central Bank of Nigeria (CBN) mopping up excess currency in circulation in Nigeria, with sale of N133.24 billion in Treasury Bills,...
Acting President Yemi Osinbajo, SAN, has signed into law two bills from the National Assembly to facilitate access to more affordable credit for Nigerians. The bills...
Nigerian equities regained their uptrend on Tuesday as investors continued bargain-hunting for value stocks. After breaking a four-day consecutive rally with a loss of N12 billion...
Again, expectations of experts that Nigeria’s benchmark interest rate would drastically come down has been dashed, as the CBN-led Monetary Policy Commiittee (MPC) rose from its...
The Senate has expressed concern over the failure of government agencies to submit their 2017 budget proposal to the National Assembly in line with extant law....
The Central Bank of Nigeria has been ordered by the Court of Appeal to reveal the total sum of cash and value of properties recovered from...
The Jonathan administration allegedly overruled the board of the Central Bank of Nigeria (CBN) in disbursing more than $500million cash to security agencies as Special Intervention...
In continuation of its policy to sustain dolliar availability, the Central Bank of Nigeria (CBN) has pledged to create a special dollar auction sale session for...
Former Governor of Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has identified introduction of politics into Nigeria’s foreign exchange policy as the main reason Nigerian...