In spite of government’s efforts to diversify the nation’s economy from crude oil based, non-oil exports dropped by a whopping 58 per cent losing $6.14 billion...
THE DG, Asset Management Corporation of Nigeria, AMCON, Ahmed Kuru, Wednesday said that the company had a debt portfolio of N6.6trn. He admitted this before...
The Economic and Financial Crimes Commission (EFCC) has allegedly uncovered how N3.145b was paid into the accounts of six chieftains of the Peoples Democratic Party, PDP...
The Central Bank of Nigeria (CBN) says it will sell Treasury Bills (TBs) of N1.73 trillion in the second quarter of the year 2016. This is...
The Minister of State for Petroleum, Dr. Ibe Kachikwu on Saturday hinted of plans to collaborate with the Central Bank of Nigeria (CBN) to pave a...
Eighteen people are feared dead while many others sustained third degree burns in the explosion that engulfed at the Central Bank of Nigeria, CBN, Calabar branch...
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, at the weekend, reshuffled some of his directors, in what observers say is in response top the...
The controversies trailing the implementation of the Treasury Single Account, TSA, came to a head on Wednesday, as the Senate directed the Central Bank of Nigeria...
Against the backdrop of complains in some quarters over alleged none compliance with the rule of law in President Muhammadu Buhari administration’s war on corruption, the...
The Central Bank of Nigeria (CBN) is set to investigate over 6000 complaints relating to unauthorised bank charges brought to its notice, following which banks have...
The Central Bank of Nigeria (CBN) at the weekend said it has not stopped the allocation and sale of Foreign Exchange for purposes of paying school...
In from Ripples Nigeria . . . Central Bank of Nigeria (CBN) governor, Godwin Emefiele, may be the next top profile government official to lose his...
The Central Bank of Nigeria (CBN) has unveiled operational guidelines for the operation of TSA by state governments, to consolidate their accounts. The apex bank in...
By Ali Smart The Central Bank of Nigeria (CBN) on Monday revealed that the federal government frittered away $40 billion from the nation’s external reserves in...
By Ali Smart The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 11 per cent during its...
In from Success Allantee . . . . In what appeared to be a back-door return of the Commission on Turnover (COT), the Central Bank of...
Against popular outcry over the introduction of the N50 stamp duty of deposits, the Central Bank of Nigeria, Friday, explained that payments of salaries and wages...
By Ali Smart When the governor of the Central Bank of Nigeria, Godwin Emefiele addressed the last Monetary Policy Committee (MPC) meeting in the last quarter...
The Central Bank of Nigeria (CBN) has set machinery in motion to lend funding support to at least one million graduates involved in Micro, Small and...
As losses at the Nigerian stock market top N1.5 trillion in the past nine days, authorities at the Nigerian Stock Exchange (NSE) have activated the market’s...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has alleged that the decision of the Central Bank of Nigeria (CBN) to end direct sales...
In from Ali Smart . . . Since the Central Bank of Nigeria forex restrictions came into effect, Bureau De Changes (BDCs) operators across the country...
In from Ali Smart . . . As part of efforts to curtail prevailing naira volatility in the market, the Central Bank of Nigeria (CBN) has...
The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed to make available the sum of N300 billion next year to be...
President Muhammadu Buhari, Friday, disclosed that the names of those who have returned portions of their loot to the coffers of the federal government will soon...
For the first time in about six years, the Central Bank of Nigeria (CBN) in a surprising move on Tuesday cut benchmark interest rate to 11...
The Central Bank of Nigeria (CBN) has given three banks a seven-month deadline to recapitalise and beef up their capital base after they failed to meet...
Nigerian equities turned negative yesterday as investors await clear fiscal and monetary direction from the newly constituted Federal Executive Council (FEC). President Muhammadu Buhari on Wednesday...
In from Ali Smart . . . It does appears more heads may soon roll as the presidency has threatened to sanction the Central Bank of...
The Central Bank of Nigeria (CBN) has raised an alarm of a likely increase in Non-Performing Loans (NPL) in the banking sector due to the exposure...
In from Timothy Enietan-Matthews (Nation’s capital) . . . Skye Bank Plc has become the latest victim of the non compliance with the Treasury Single Account,...
The Central Bank of Nigeria, CBN, yesterday faulted the Financial Reporting Council’s indictment of Stanbic IBTC Holdings Plc, describing it as baseless and lacking in merit....
In from Ali Smart . . . Apparently worried over the parlous state of the economy, the Central Bank of Nigeria (CBN) has set machinery in...
In from Ali Smart . . . The last may not have been heard of the Stanbic IBTC saga following the suspension of the bank’s directors...
The Central Bank of Nigeria, over the weekend, made good its threat to sanction commercial banks that failed to comply with the directive for a Treasury...
In from Timothy Enietan-Matthews (Nation’s capital) . . . The Central Bank of Nigeria (CBN) has dismissed calls by the Emir of Kano, Alhaji Mohammed Sanusi...
The Central Bank of Nigeria (CBN) has promised to retain foreign currency controls because of concerns about slowing growth, Ripples has learnt. A senior bank official...
In from Ali Smart … The Central Bank of Nigeria (CBN) on Tuesday sold N53.08 billion worth of treasury bills in a bid to mop up...
In from Success Allantee… Banking stocks were toasts of investors last week at the Nigerian stock market as investors anticipated the possible decisions of the Monetary...
In fulfillment of federal governments directive that all Ministries, Departments and Agencies (MDAs) should close their various account with commercial banks and deposit the funds in...
Apparently disturbed by the financial mess that has turned some states to ‘beggars’ before the Federal Government, the Central Bank of Nigeria (CBN) has advised the...
A whopping N814.78billion will be auctioned through Treasury Bills by the Central Bank of Nigeria (CBN) in the fourth quarter of the year. Specifically, the apex...
In from Ali Smart … Nigeria’s Micro Small and Medium Enterprises (MSMEs) lags behind other African nations in terms of access to finance, a report by...
In from Ali Smart … The Central Bank of Nigeria (CBN) has taken strategic steps to ensure that the level of fraud arising from e-payment transactions...
In from Ali Smart … For states government still struggling to pay salary arrears owed workers in their various states, the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) says that energy companies in the country are indebted to commercial banks to the tune of about N3.673 trillion. This...
In from Ali Smart …. Worried by the new dimension of money laundering across the world, the Central Bank of Nigeria (CBN) has raised the alarm...
In from Ali Smart … The Central Bank of Nigeria (CBN) has come under fire over the publication of delinquent bank debtors. President of Federation of...
In from Ali Smart … Contrary to insinuations in some quarters, delinquent bank debtors whose names were published by banks still have a window of opportunity...
Barring any last minute changes, banks in the country will from today start publishing the list of its biggest debtors as directed by the Central Bank...
