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...
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...
