The Unstructured Supplementary Service Data (USSD) code for the eNaira is *997#, according to the Central Bank of Nigeria (CBN). The USSD code was announced 10...
The increase in electronic banking transactions has made the Central Bank of Nigeria (CBN) reduce the minting of the Naira. The CBN Deputy Governor, Economic Policy...
More Foreign airlines are demanding Nigerians pay for flight tickets in dollars amid trapped revenue put at over $600 million. The likes of British Airways and...
The Central Bank of Nigeria (CBN) has announced that Nigerians will from next week use USSD code for eNaira transactions. USSD is a code programmed into...
Interest rate on savings account have been increased by the Central Bank of Nigeria (CBN), as the financial regulator move to reduce money supply in the...
Nigeria’s external reserves fell to $38.882 billion, as the Central Bank of Nigeria (CBN) pumps foreign exchange into the forex market to defend the naira, as...
Amid lingering dollar scarcity, Nigeria’s foreign exchange for food, fuel and other imports jumped by 45 per cent in the first half of this year compared...
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) and Muhammad Nami, the chairman of the Federal Inland Revenue Service (FIRS) have come under...
The Central Bank of Nigeria (CBN) has said that Nigeria cannot stop burrowing, especially when it is necessary as it is part of fiscal responsibility. The...
The Nigerian Economic Summit Group (NESG) has urged the Central Bank of Nigeria (CBN) to find a solution to the country’s multiple exchange rates to attract...
The Central Bank of Nigeria (CBN) Deputy Director, Banking Services, Egboagwu Ezulu, has blamed the private sector for the scarcity of foreign currencies, after the dollar...
The foreign exchange market is kicking off the month of August on a positive note after the Central Bank assured of its commitment to resolving FX...
The bad performance of the Nigerian currency, Naira continued at the peer-to-peer (P2P) segment of the foreign exchange (forex) market. On Friday at the P2P market,...
The Manufacturers Association of Nigeria (MAN) has described the recent upward review of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria’s (CBN) Monetary...
The Nigerian currency, Naira, has depreciated to its lowest level at the black market as students, exporters desperately look for dollars to offset their foreign bills....
The House of Representatives on Tuesday passed a bill which sought to stop the Governor of the Central Bank of Nigeria (CBN) from participating in future...
The National Industrial Court has fined the Central Bank of Nigeria (CBN) N100,000 after seeking to introduce new stay of execution application in the case against...
The Central Bank of Nigeria is finding it extremely difficult to stop the poor performance of the Nigerian currency. On Monday morning, the Naira was exchanging...
Premium Breadmakers Association of Nigeria (PBAN), comprising owners, Managing Directors and Partners of premium bakeries in Nigeria, will be embarking on a four-day warning strike beginning...
The Central Bank of Nigeria (CBN) has issued a stern warning to Nigerians converting Naira to the US dollar. According to CBN, it would place a...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to raise the Monetary Policy Rate (MPR) to 14 percent. The...
The Central Bank of Nigeria (CBN) RT 200 programme has recorded a massive success as non-oil exporters have ramped up the repatriation of export proceeds through...
The Naira has again appreciated against the dollar at the official market to make it two straight days of gain. Data from FMDQ securities showed that...
The Central Bank of Nigeria (CBN) through its Standing Lending Facility in two months, lent to commercial banks a total of N595.34 billion. The figure is...
Fitch, a credit rating agency as revealed that Nigerian banks can absorb up to $6 billion of credit losses without breaching minimum regulatory requirements for Capital...
The Central Bank of Nigeria (CBN) has issued an exposure draft for the digital financial services awareness guidelines to address gaps in consumer knowledge and practices...
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...
African Alliance Insurance Plc and C&I Leasing have given reasons for the late filing of their financial statements for 2021 full year and first quarter (Q1)...
Nigerian banks’ total assets rose by N11.15 trillion in one year to N64.32tn as of the end of April. This is according to figures obtained from...
The Central Bank of Nigeria (CBN) and four other agencies have come under criticism of the House of Representatives following their failure to recover debts owed...
The Central Bank of Nigeria (CBN) has issued guidelines for improved cyber security in Nigerian financial sector, especially among the Other Financial Institutions (OFIs). The circular...
President Muhammadu Buhari has stated that he’s not in the position to probe the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, for becoming political and...
The World Bank has declared that the Central Bank of Nigeria (CBN) policies are undermining the business environment within the country, placing Nigeria on a fiscal...
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 Central Bank of Nigeria (CBN) has revealed that Nigeria has recorded the sum of $3.5 billion in foreign exchange repatriation from exporters, two months after...
The Head of Corporate and Institutional Banking of Mauritius Commercial Bank (MCB), Thierry Hebraud, has revealed plans to expand the company’s operation into Nigeria, as the...
Currency in circulation has hit an all-time high of N3.31 trillion, thanks to heavy spendings ahead of political parties’ primary elections This is according to the...
The Central Bank of Nigeria (CBN) has revealed that federal government earnings from oil sales dropped to a four-month low. CBN stated this in its latest...
The Chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu, said on Saturday the commission would no longer keep sensitive electoral materials with the Central...
The Central Bank of Nigeria (CBN), has issued the final draft of guidelines for setting up Bank Neutral Cash Hubs (BNCHs). This is coming two months...
The Central Bank of Nigeria (CBN) has asked Nigerian banks to collect indemnities from their customers for highly secured online funds transfers amounting to N1million for...
Nigeria’s external reserve has dropped to a seven-month low as exporters, politicians and others tightened their grip on dollars. According to data obtained from the CBN...
The Central Bank of Nigeria (CBN) has revealed that its loans to farmers have now crossed the N1 trillion mark amid rising loan defaults. Recently a...
The Central Bank of Nigeria (CBN) has denied reports that President Muhammadu Buhari has sacked the apex bank governor, Godwin Emefiele, on Wednesday, after eight years...
The Central Bank of Nigeria (CBN) has set a deadline for Other Financial Institutions (OFIS) to enroll their customers into Credit Risk Management System (CRMS). OFIS...
On Tuesday, the Central Bank of Nigeria (CBN) raised the benchmark interest rate to 13 percent, the first change in over two years. According to the...
For the first time in two years, the Central Bank of Nigeria (CBN) has raised the lending rate for banks to 13 per cent. The Monetary...
Amid the lingering forex scarcity and dwindling external reserves, the Central Bank of Nigeria (CBN) has assured that there is enough in the nation’s reserve to...
The Nigerian currency made a recovery against the US dollars at the last trading session after recent struggles. Data from FMDQ securities where Naira is officially...
The Central Bank of Nigeria (CBN) has come out to disown the news that it plans to replace the naira notes in circulation with digital currency....
