The Central Bank of Nigeria (CBN) has lamented that the majority of farmers who benefited from the Anchor Borrowers’ Programme (ABP) have not repaid the loans....
The Central Bank of Nigeria (CBN) has directed commercial banks, and Fintech companies not to share customers’ data without their consent. The apex bank stated this...
Cryptocurrency exchanges like Binance, Quidax, amongst others would be charged about N30.5 million by Nigeria’s Securities and Exchange Commission (SEC) to operate within the country. SEC...
The Peoples Democratic Party (PDP) on Saturday slammed the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over his reactions to demand for his...
The Independent National Electoral Commission (INEC) stated on Thursday that sensitive materials at the Central Bank of Nigeria (CBN) could be moved to another location. The...
The Central Bank of Nigeria (CBN) has announced that in the first two months of 2022, it disbursed a total of N567.7bn to six critical sectors...
Nigeria’s foreign direct investment (FDI) was crippled by the ban on Twitter and cryptocurrency according to a new report, ‘Africa’s Urbanisation Dynamics 2022: The Economic Power...
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 Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Friday joined the 2023 presidential race. The CBN governor picked the All Progressives Congress...
The Central bank of Nigeria (CBN) continues its withdrawal from Nigeria’s external reserves as it continues its intervention in the forex market. Data obtained from its...
The Central Bank of Nigeria (CBN) has warned banks and other financial institutions in the country to be vigilant as regards transactions involving Benin Republic. Nigeria’s...
The International Monetary Fund (IMF) has projected that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. It stated this in its Regional Economic...
Quantity of currency in circulation in the country dropped by N4.59bn to N3.24 trillion in March from N3.25 trillion in February 2022. The Central Bank of...
Airtel Nigeria has been granted a full super-agent license from the Central Bank of Nigeria (CBN). This is coming six months after Airtel announced it had...
Naira clinched another gain against the U.S. dollar at the official market on Monday, extending its appreciation at the official market segment to a second trading...
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) on Thursday revealed the cause of the inferno that gutted its office in Makurdi, Benue State. Parts of the CBN...
Parts of a Central Bank of Nigeria (CBN) office in Makurdi was engulfed in fire on Thursday morning. A portion of the bank went up in...
C&I Leasing Plc and Universal Insurance Plc have announced their inability to meet the deadline for 2021 Audited Annual and First Quarter Financial Statements submission. According...
The founder of Microstrategy, Michael Saylor, says persons who thought bitcoin was too good to be true are nearly nonexistent, days after holding a poll on...
For failing to meet the expected deposit in their current accounts, the Central Bank of Nigeria (CBN) has removed from banks accounts a whopping N7.02 trillion....
The 150 exporters who participated in the Race To $200 billion scheme have qualified for a N3.5 billion rebate. This was one of the highlights of...
The Central Bank of Nigeria (CBN) has given its full approval for Development Investment Bank (DLM Capital) to acquire Links Microfinance Bank 12 months after the...
The Central Bank of Nigeria (CBN) has granted MTN a final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed on...
PricewaterhouseCoopers (PwC) has disclosed that person to business (P2B) dealings accounted for 90 percent of transactions on eNaira platform, as of December 2021, as it topped...
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...
Exporters who made their foreign exchange proceeds available will from next week get their bonus from the Central Bank of Nigeria (CBN). CBN in a circular...
The Central Bank of Nigeria (CBN) has sanctioned Guaranty Trust Bank (GTBank), Access Bank, United Bank for Africa (UBA), and Stanbic IBTC for foreign exchange infractions....
The Central Bank of Nigeria (CBN) has fined First City Monument Bank (FCMB), Wema Bank and Fidelity Bank over N514.28 million for enabling cryptocurrency transactions among...
The interest rate forbearance given to individuals and businesses seeking loan from the Central Bank of Nigeria (CBN) has been extended by the financial regulator –...
The Central Bank of Nigeria (CBN) has fined three commercial banks N800 million for allowing cryptocurrency transactions in the country. The apex bank had in a...
Nigeria’s debt stock could be in excess of over N50 trillion compared to the N39.56tn reported by the Debt Management Office (DMO). This is according to...
The Financial Services Regulation Coordinating Committee (FSRCC) has issued a note of warning to Nigerians when making investments. According to FSRCC, Nigerians must always make efforts...
The Central Bank of Nigeria (CBN) has revealed a 2.39 per cent drop in the country’s foreign reserves in the first three months of 2021. CBN...
The House of Representatives, last week, resolved to conduct a thorough investigation on the alleged imposition of multiple processing and administration fees by the Joint Admissions...
The Central Bank of Nigeria (CBN) has revealed that Nigerians spent a total of $39.66 billion on foreign education and healthcare-related services between 2010 and 2020....
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...
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,...
