Despite efforts by the Central Bank of Nigeria (CBN) to increase diaspora remittances, money sent home by Nigerians living abroad fell by 62 percent. Latest data...
The Central Bank of Nigeria (CBN) has revealed that it has so far disbursed N369.78 billion to Nigerians since the outbreak of COVID-19. The money, CBN...
It’s been about three months since the Central Bank of Nigeria (CBN) launched Africa’s first government-backed digital currency, but the Godwin Emefiele-led team are still struggling...
Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has said the plan of the United States to raise yields rate won’t affect the Nigerian...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR), which measures interest rate, at...
The Central Bank of Nigeria (CBN) has been urged to retract some of its tough policy on Naira and give it a chance to fight. The...
The Central Bank of Nigeria (CBN) has revealed that the Federal government recorded a total revenue of N2.58 trillion in the third quarter of 2021. CBN...
The Central Bank of Nigeria (CBN) has been advised by the International Monetary Fund to allow Naira depreciate further. CBN in December 2021 devalued the Naira...
Nigerian external reserves dropped to $40.49billion following the withdrawal of $21.8million from the reserves by the Central Bank of Nigeria (CBN) earlier in the week. Data...
The administration of President Buhari has paid back N1.11 trillion loan collected from the Central Bank of Nigeria (CBN) to run the country. CBN provides support...
With the end of 2021, it’s time to go on a trip down memory lane of events that shaped the year in the business world. This...
First Bank of Nigeria Limited has announced the appointment of three additional Executive Directors by the Board. The company said in a statement on Wednesday that...
Nigerian businesses as at November 2021 secured N35.3 trillion from Nigerian banks according to data from Central Bank of Nigeria (CBN). The data titled ‘Money Statistics’...
Former World Bank consultant and economist, Doyin Salami, has been appointed as Chief Economic Adviser to the President (CEAP), Muhammadu Buhari. Salami, who currently heads the...
Amid a surge in demand for more cash by bank customers, Nigerian banks are finding it difficult to meet demands. Ripples Nigeria observed many Bank customers...
Nigerian households, Small and Medium-sized Enterprises (SMEs) will have increased access to financial support from the Central Bank of Nigeria (CBN) in 2022, governor, Godwin Emefiele,...
Nigerian foreign reserves closed 2021 above $40 billion despite heavy withdrawing in the month of December. Data from Central Bank of Nigeria (CBN) showed that as...
The Federal Competition and Consumer Protection Commission (FCCPC) has announced that a joint committee to tackle companies operating illegally and those harassing customers has been established....
President Muhammadu Buhari has, once again, begged Nigerians to be fair to his administration considering where the country was in 2015 when he assumed office and...
Dangote Sugar, BUA Sugar and other operators in the sugar backward programme will benefit from the Federal Government’s $73 million intervention fund for the sector. The...
The Central Bank of Nigeria (CBN) has withdrawn over $485.4 million from Nigeria’s external reserves since the start of December. The money was withdrawn between December1st...
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has stated that majority of roads to be built in the country with a N14 trillion infrastructure...
In what it said was part of its efforts to stop Nigeria’s heavy reliance on importation to meet demand, the Central Bank of Nigeria (CBN) has...
The Central Bank of Nigeria (CBN) has provided details of how much the federal government spent and received in the month of August in its latest...
Amid rising default, the Central Bank of Nigeria (CBN) has threatened to arrest farmers yet to repay their loans. According to CBN it could no longer...
An Approval-in-Principle for a standalone license for Sterling Bank’s non-interest banking business, the proposed Alternative Bank Limited, has put a break to its investors one month-long...
The House of Representatives on Wednesday, resolved to commence investigations into the non-appearance of the Central Bank of Nigeria (CBN), Asset Management Corporation of Nigeria (AMCON)...
Igbo traders under the aegis of South-East Amalgamated Markets Traders Association (SEAMATA) have called on the Central Bank of Nigeria (CBN) to investigate charges from commercial...
The Central Bank of Nigeria (CBN) has revealed that Nigerians outside the country sent home $1.96 billion in the first 10 months of 2021. This was...
Nigerians looking to obtain foreign currencies for travels and businesses can now apply online, thanks to the Central Bank of Nigeria’s (CBN) deployment of an electronic...
The Central Bank of Nigeria (CBN) on Wednesday expressed disappointment with Nigerian banks’ lack of commitment to the eNaira since President Muhammadu Buhari’s unveiling of the...
Between January and November, Deposit Money Banks and Merchant banks’ borrowing hit N24.53 trillion indicating an increase of 315 percent when compared to N5.91trillion borrowed in...
Despite the consistent announcement of recovered funds, the Central Bank of Nigeria (CBN) has failed to provide a record of the monies recovered. This is according...
The World Bank has again slammed the Central Bank of Nigeria’s (CBN’s) exchange rate management policies. According to the Bretton wood institution, the exchange rate policies...
In an effort to keep the Naira from crashing further the Central Bank of Nigeria(CbN) pumped $2.1 billion to the Investors and Exporters (I&E) window 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...
The naira will depreciate further in 2022 amid rising foreign reserves, according to international credit rating agency, Fitch Solutions, as it revises previous projections. Fitch had...
Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, has said the financial regulator will take action on the ownership tussle at First Bank Nigeria Limited...
The Central Bank of Nigeria (CBN) has received the N19.3 billion recovered by the Economic and Financial Crimes Commission (EFCC) from the Kogi State Salary account...
Bitcoin has been a perfect hedge against Nigeria’s double-digit inflation in the last two years, but as consumer price index (CPI) declines, the adoption of the...
For the third day in a row, the Naira to US dollar exchange rate closed again at N415.10/$1 at the Investors and Exporters window, where currency...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has criticised parents requesting for foreign exchange to send their children to study in junior...
Airtel Africa has secured the Central Bank of Nigeria (CBN)’s approval to operate as a super-agent in Nigeria. The Group Company Secretary of Airtel Africa, Simon...
The Central Bank of Nigeria (CBN) has launched a debt recovery campaign in a bid to force beneficiaries of its Anchor Borrowers’ Programme(ABP) to repay the...
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...
The First City Monument Bank (FCMB) has joined other financial institutions (OFIs) in ignoring a Federal High Court ruling against closure of cryptocurrency-linked accounts. FCMB labelled...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has urged international investors to trust President Muhammadu Buhari’s policies and come to Nigeria. Emefiele...
Nigerian currency has recorded the biggest rise in value at the black market on Wednesday as demand for dollars dropped significantly. Black market traders who spoke...
Former Governor of the Central Bank of Nigeria (CBN) Professor Charles Soludo, has ascribed his emergence as the Governor-Elect of Anambra State as the will of...
The Central Bank of Nigeria (CBN) has announced that Nigerians exchanged N46.3 million worth of eNaira in the first two weeks after launch. This is according...
