Naira gained slightly against the U.S. dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday. Data from FMDQ securities...
The inability of the Central Bank of Nigeria (CBN) to meet foreign exchange demands from the private sector has been blamed for the fuel scarcity Nigerians...
The Economist Intelligence Unit (EIU) has predicted slower economic growth for Nigeria in 2022 due to power issues, high inflation and monetary policies of the Central...
The Christian Association of Nigeria (CAN) on Wednesday condemned companies behind loan apps operating in the country, stating that they were taking advantage of vulnerable people...
The House of Representatives on Tuesday urged the Central Bank of Nigeria to enforce the use of coins as legal tender and ensure that banks fully...
The Federal Government’s borrowing from the Central Bank of Nigeria has jumped to N18.1 trillion. The amount as it currently stands is a 2,701 per cent...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has blamed rising energy prices for the hike in inflation rate experienced within the...
The Central Bank of Nigeria (CBN) has resisted pressure to raise interest rates despite the fact that most of its peers in Africa have initiated moves...
The value of the Naira to the Dollar continued its depreciation at the black market amid dollar scarcity. This development has forced Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has received support from the Nigeria Customs Service (NCS) for its e-invoicing and e-valuation policy, which has led to protest...
Naira exchange at the official market remained unchanged at the Investors and Exporters (I&E) segment of the forex market. Data obtained from FMDQ securities showed the...
Deposit money banks (DMBs) and processing companies in the financial industry have been given the go-ahead to establish deposit and withdrawal centres outside the banking hall...
The Minister of Humanitarian affairs, Disaster Management, and Social Development, Sadiya Farouq, has flagged off the entrepreneurship programme for exited N-Power beneficiaries. Farooq, through her representative,...
Commercial Banks borrowing from the Central bank of Nigeria for the second consecutive month dropped and now stands at N666 billion CBN revealed this in its...
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that the agricultural sector is a boom for the dwindling Nigerian economy, stressing that the...
The Central Bank of Nigeria (CBN) sold dollars at N416.41 amid an improvement in Nigeria’s external reserves. Data posted on its website also showed the rate...
Debt servicing has continued to constitute a major setback for the Nigerian economy as the Central Bank of Nigeria (CBN) has, once again, been forced to...
Nigerian currency recorded a more impressive day on Tuesday, as Central Bank of Nigeria (CBN) announced an increase in foreign reserves. Data from FMDQ securities showed...
The Central Bank of Nigeria (CBN) defense of Nigerian currency is making little impact as the value of the Naira continues falling against the US dollar...
The total currency in circulation in Nigeria closed the year 2021 at an all-time high of N3.33 trillion. This represents a N418 billion increase when compared...
The Central Bank of Nigeria on Thursday rejected the plan by the Senate to enact new anti-money laundering law in the country. The CBN Governor, Godwin...
Nigerian banks handed over N5.1 trillion in credit to private sectors players in 2021 as total credit to private sector now stands at N36.7 trillion. The...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says his fate can only by decided by God, as calls for him to contest for...
Naira opened the week with a poor performance against the US dollar as it depreciated at both the official and unofficial markets. Data from FMDQ securities...
The Centre for the Promotion of Private Enterprise (CPPE) on Monday cautioned the Central Bank of Nigeria (CBN) on the planned move to stop the sale...
Naira recorded a meagre appreciation against the U.S. dollar at the official market as concerns on the Central Bank of Nigeria (CBN) stopping the sales of...
The Central Bank of Nigeria (CBN) has debited N2.03 trillion from the Federal Government’s account to settle interest on the loan obtained under the Ways and...
Some eminent Nigerians, among who were renowned political economist, Prof. Pat Utomi, former deputy governor of Central Bank of Nigeria (CBN), Kingsley Moghalu and ex-Kano State...
The Central Bank of Nigeria (CBN) has retained the five percent interest rate on its intervention loans for another year. The apex bank introduced the loans...
The Central Bank of Nigeria (CBN) on Thursday described as huge success the Naira4Dollar Scheme launched last year to encourage Diaspora remittance through official channels. The...
In its bid to improve dollar supply in the country, the Central Bank of Nigeria (CBN) has announced a new scheme to improve dollar supply amid...
Tough times await Nigerian currency, and its economy as for the first time in three months, Nigeria’s external reserve has fallen below the $40 billion threshold....
Ownership of cryptocurrency is depreciating in Nigeria amid a meltdown in the cryptoasset market and clampdown by banks on holders of the decentralised finance currency. According...
Nigerian external reserves dropped to $40.1 billion following the withdrawal of $400 million from the reserves by the Central Bank of Nigeria (CBN) in the month...
Nigerian banks could come under intense pressure as a result of the sharp ongoing decrease in foreign assets and weakening Naira. Data obtained from the Central...
The Central Bank of Nigeria (CBN) has announced 28 companies as the first batch of beneficiaries for its 100 for 100 initiative designed to revitalize the...
The Central Bank of Nigeria (CBN) has restricted more customer funds from Wema Bank, as deposits to the lender increased by 15.1 percent in twelve months...
The Central Bank of Nigeria (CBN) has announced plans to place on its watchlist the bank accounts of individuals who collected loans and have refused to...
Governor of the central bank of Nigeria (CBN) Godwin Emefiele has urged cement manufacturers in the country to consider dropping the price of the product. According...
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...