Amid rising default, the Central Bank of Nigeria (CBN) has threatened to arrest farmers yet to repay their loans. According to CBN it could no longer...
An Approval-in-Principle for a standalone license for Sterling Bank’s non-interest banking business, the proposed Alternative Bank Limited, has put a break to its investors one month-long...
The House of Representatives on Wednesday, resolved to commence investigations into the non-appearance of the Central Bank of Nigeria (CBN), Asset Management Corporation of Nigeria (AMCON)...
Igbo traders under the aegis of South-East Amalgamated Markets Traders Association (SEAMATA) have called on the Central Bank of Nigeria (CBN) to investigate charges from commercial...
The Central Bank of Nigeria (CBN) has revealed that Nigerians outside the country sent home $1.96 billion in the first 10 months of 2021. This was...
Nigerians looking to obtain foreign currencies for travels and businesses can now apply online, thanks to the Central Bank of Nigeria’s (CBN) deployment of an electronic...
The Central Bank of Nigeria (CBN) on Wednesday expressed disappointment with Nigerian banks’ lack of commitment to the eNaira since President Muhammadu Buhari’s unveiling of the...
Between January and November, Deposit Money Banks and Merchant banks’ borrowing hit N24.53 trillion indicating an increase of 315 percent when compared to N5.91trillion borrowed in...
Despite the consistent announcement of recovered funds, the Central Bank of Nigeria (CBN) has failed to provide a record of the monies recovered. This is according...
The World Bank has again slammed the Central Bank of Nigeria’s (CBN’s) exchange rate management policies. According to the Bretton wood institution, the exchange rate policies...
In an effort to keep the Naira from crashing further the Central Bank of Nigeria(CbN) pumped $2.1 billion to the Investors and Exporters (I&E) window 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...
The naira will depreciate further in 2022 amid rising foreign reserves, according to international credit rating agency, Fitch Solutions, as it revises previous projections. Fitch had...
Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, has said the financial regulator will take action on the ownership tussle at First Bank Nigeria Limited...
The Central Bank of Nigeria (CBN) has received the N19.3 billion recovered by the Economic and Financial Crimes Commission (EFCC) from the Kogi State Salary account...
Bitcoin has been a perfect hedge against Nigeria’s double-digit inflation in the last two years, but as consumer price index (CPI) declines, the adoption of the...
For the third day in a row, the Naira to US dollar exchange rate closed again at N415.10/$1 at the Investors and Exporters window, where currency...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has criticised parents requesting for foreign exchange to send their children to study in junior...
Airtel Africa has secured the Central Bank of Nigeria (CBN)’s approval to operate as a super-agent in Nigeria. The Group Company Secretary of Airtel Africa, Simon...
The Central Bank of Nigeria (CBN) has launched a debt recovery campaign in a bid to force beneficiaries of its Anchor Borrowers’ Programme(ABP) to repay the...
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 First City Monument Bank (FCMB) has joined other financial institutions (OFIs) in ignoring a Federal High Court ruling against closure of cryptocurrency-linked accounts. FCMB labelled...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has urged international investors to trust President Muhammadu Buhari’s policies and come to Nigeria. Emefiele...
Nigerian currency has recorded the biggest rise in value at the black market on Wednesday as demand for dollars dropped significantly. Black market traders who spoke...
Former Governor of the Central Bank of Nigeria (CBN) Professor Charles Soludo, has ascribed his emergence as the Governor-Elect of Anambra State as the will of...
The Central Bank of Nigeria (CBN) has announced that Nigerians exchanged N46.3 million worth of eNaira in the first two weeks after launch. This is according...
The Central Bank of Nigeria (CBN) has announced N5 billion as the maximum loan amount for private companies in its newly introduced initiative, called ‘The 100...
Nigeria’s external reserves dropped by $30 million in just 24 hours, the Central Bank of Nigeria revealed on Sunday. Data from the CBN obtained by Ripples...
Commercial banks in Nigeria intercepted N122.83 million worth of fake Naira notes in circulation in two years. The Central Bank of Nigeria (CBN) disclosed this in...
The Central Bank of Nigeria (CBN) has released the revised guidelines for its Anchors Borrowers Programme and warned farmers of several sanctions for default. The guidelines...
The Central bank of Nigeria (CBN) has revealed that in the last six years it spent N3.88 billion to throw away N4.13 trillion worth of dirty...
MTN Nigeria and Airtel have both secured approval in principle for Payment Service Bank (PSB) license from the Central Bank of Nigeria (CBN) – but this...
The Central Bank of Nigeria (CBN) spent N58.618 billion to print 2.518 billion Naira notes last year. The apex bank disclosed this in its 2020 Currency...
The Central Bank of Nigeria (CBN) on Wednesday urged Nigerians to heed its directives and forget about cryptocurrencies in order to avoid further financial losses. The...
The Minister of State for Labour and Employment, Festus Keyamo has disclosed that the Nigerian government was still owing beneficiaries of its 774,000 Special Public Works...
The apex Yoruba socio-cultural group, Afenifere, last week urged various stakeholders in the Nigerian State to jettison the 1999 Constitution in order to tackle the underlying...
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...
Bank loans to the Federal Government reached N13.03 trillion in September, the Central Bank of Nigeria (CBN) has revealed. In the latest credit and money statistics...
Following a transformation of Guaranty Trust Bank business structure at the start of H2 2021, Segun Agbaje became the Group Chief Executive Officer of Guaranty Trust...
Adenikinju Festus, one of the members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) moved for the increase of MPR, while asking...
The Central Bank of Nigeria (CBN) has warned Nigerians against conversing with a fake eNaira Twitter handle, @enaira_cbdc, stating that the financial regulator is not on...
The value of Nigeria currency dropped in Value on Tuesday after closing three previous sessions at a stable rate with the U.S dollar. Data from FMDQ...
Justice Taiwo Taiwo of the Federal High Court, Abuja has ordered the Central Bank of Nigeria (CBN) to unfreeze the accounts of fintech companies pointing out...
In a bid to boost liquidity in the private sector, the Central Bank of Nigeria (CBN) on Monday unveiled a new financial instrument called “The 100...
The Central Bank of Nigeria (CBN) has released N200 million worth of eNaira to banks for use in the country. The CBN Governor, Godwin Emefiele, disclosed...
In a bid to curb the growing acceptance of cryptocurrency against fiat, and its influence in the financial asset class, governments are weighing central bank digital...
Nigeria’s central bank digital currency (CBDC) the eNaira, has gone live following an announcement by President Muhammadu Buhari on Monday. The official unveiling of the eNaira...
The Central Bank of Nigeria (CBN) has provided a breakdown on the various interventions carried out to stimulate the economy. CBN revealed this in its latest...
The Central Bank of Nigeria (CBN) intends to ease access to the eNaira by allowing individuals without internet-enabled phones to obtain Nigeria’s digital currency when it...
The currency in circulation increased by N58.36 billion in September to N2.84 trillion, up from N2.79 trillion in August. The Central Bank of Nigeria (CBN) revealed...
