It has been cricket sound in the cryptocurrency space in Nigeria since the Central Bank of Nigeria (CBN) clamped down on the market in the first...
The Central Bank of Nigeria (CBN) has secured series of court orders to freeze 194 bank accounts owned by Bureaux de Change and some firms. The...
The Central Bank of Nigeria (CBN) is to freeze the bank account of Belfour Oil and Gas Limited, Kacynaus Reality Nigeria Limited and many others after...
At the end of the first quarter 2021, the top ten most capitalised companies on the Nigerian Stock Exchange (NSE) dipped by 6.82 percent in value,...
The Central Bank of Nigeria (CBN) has issued a new policy on foreign currency to the deposit money banks in the country. The Standard Chartered Bank,...
Nigeria’s external reserves dropped by $177.6 million last month, data from the Central Bank of Nigeria revealed on Thursday. The country’s external reserves dropped from $34.99...
Governor Aminu Masari of Katsina State has urged the Central Bank of Nigeria (CBN) to allocate more funds to farmers in order to enhance agricultural productivity...
The Senate Public Accounts Committee has again, summoned the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, giving him up till Thursday, to appear before...
Nigerian may soon find it difficult to purchase wheat, as the importation of the product will soon be reduced by the Central Bank of Nigeria (CBN)....
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday expressed concern at the rising inflation in the country. The inflation increased...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has denied reports that the Nigerian government was operating a flexible exchange rate, and only recognises...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5 percent, the same...
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The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 11 International Money Transfer Operators (IMTOs) in the country’s foreign exchange market.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...
