Nigerians spent $1.04 billion on food importation in first six months of 2021 as the Central Bank of Nigeria (CBN) increased its foreign exchange supply to...
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...
Employees and investors are currently in limbo as the Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of...
Although the week started off with so much encouraging developments, it ended, however, in a choking state as CBN took actions against some fintech players. The...
The Central Bank of Nigeria (CBN) has issued a strong warning to all microfinance banks to desist from engaging in activities beyond their operating limits or...
Nigeria’s currency traded weaker against foreign currencies on Wednesday at the black market. According to Abokifx data, after trading on Wednesday, the Naira lost 0.39 percent...
The Central Bank of Nigeria (CBN) has unveiled guidelines stipulating minimum requirements for enhancing cyber-security in the financial sector. According to the CBN the move is...
On Tuesday, the Central Bank of Nigeria (CBN) obtained a court permission to freeze the bank accounts of several fintech businesses in order to investigate their...
Justice Ahmed Mohammed of the Federal High Court, Abuja, on Tuesday granted the Central Bank of Nigeria (CBN)’s request to block accounts of six fintech companies...
The Central Bank of Nigeria (CBN) on Monday explained how the COVID-19 pandemic contributed to the recent devaluation of Naira against the United States Dollar. The...
Former Deputy Governor of the Central Bank of Nigeria (CBN) Obadiah Mailafia, says Nigerians have a right to decide whether to stay together in an entity,...
The Central Bank of Nigeria (CBN) has assured Nigerians that the economy will recover to the level it was before the administration of President Muhammadu Buhari...
The Central Bank of Nigeria (CBN) and the bankers committee have announced plans to digitalize the sale of foreign exchange, which will greatly simplify the cumbersome...
The Central Bank of Nigeria (CBN) is expected to collect N13.5 billion as bank charges for the purchase of military equipment in the country. President Muhammadu...
Following reports of Central Bank of Nigeria (CBN) failing to sanction violators of the country’s currency, the apex bank has disclosed that it has no power...
The Naira on Tuesday, again gained against the U.S dollar at the parrallel Market as it neared the level it was before the Central Bank of...
Speculations have been making the rounds that commercial banks intend to target domiciliary accounts of customers in order to have access to more foreign exchange. There...
Nigerian banks on Monday sold the U.S dollars at N412 to Nigerians, check by Ripples Nigeria has shown. While on the street, currency traders price the...
Nigeria’s currency lost 2.18 percent of its value to the dollar this week on the parallel market known as the black market. Naira had begun the...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has assured the citizens that Bureaux De Change (BDCs) operators are still providing foreign exchange services...
The Central Bank of Nigeria (CBN) has announced it will commence immediate refund of minimum capital deposits and licensing fees to Bureaux de change (BDCs) promoters...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange...
The Central Bank of Nigeria (CBN) has disbursed N2.28 trillion across various sectors of the nation’s economy in the last few months. The apex bank disclosed...
The Central Bank of Nigeria (CBN) said on Tuesday non-performing loan ratio in the Nigerian banking sector dropped to 5.7 percent at the end of June....
Some currency dealers have responded to the Central Bank of Nigeria (CBN) Tuesday’s decision to halt the sale of dollars to Bureau de Change (BDC) operators....
Nigeria’s electronic payment ecosystem continues to show great potential, with transaction values reaching N130 trillion in the first six months of 2021. According to data obtained...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 11.5 percent and all other...
The Central Bank of Nigeria (CBN) has announced that it would no longer sell dollars to Bureau De Change (BDC) operators as of today (Tuesday). Godwin...
Instead of the current practice of charging one, two to three years of advance rents, the Federal Government has tasked private property owners to charge their...
On Wednesday, while American micro-blogging site, Twitter, launched its “dislike” button feature on its platform, Nigeria’s apex bank proposed the launch of a digital currency in...
Nigeria’s currency, the naira is beginning the new week 0.20 percent weaker than it did last week in the parallel market segment. According to statistics uploaded...
The Central Bank of Nigeria has listed Bua Sugar Refining Limited, Dangote Sugar Refining Plc; and Golden Sugar Company, as the only companies allowed to import...
The Upper Area Court Zuba in Abuja has issued a criminal summon against the former governor of the Central Bank of Nigeria (CBN) and governorship candidate...
Bitcoin transactions rose in Nigeria for the month of June when compared to the preceding month as the cryptocurrency ban by Central Bank of Nigeria (CBN)...
The Central of Nigeria (CBN) has released the guidelines for the operation of Payment Service Banks (PSBs) in Nigeria. In a document released by the apex...
The Naira is likely to rebound from its loss this week, as the Central Bank of Nigeria (CBN) is expected to inject funds into the exchange...
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari. The suit was filed on behalf of SERAP by its lawyers...
Nigeria’s foreign reserves fell by $2.3 billion in the first six months of 2021, despite an increase in oil prices, as foreign exchange pressure and subsidy...
The Central Bank of Nigeria (CBN) has finalized plans to distribute another 50,000 metric tonnes of maize from the strategic maize reserve (SMR) to 12 major...
The exchange rate of the naira to the U.S dollars closed flat at the official and unofficial market last week. According to data from FMDQ securities,...
A private secondary school in the city of Kano, Oxford Science Academy, has announced its acceptance of cryptocurrencies as a payment method for school fees. However,...
The Central Bank of Nigeria (CBN) and the Rice Farmers Association of Nigeria (RIFAN) have stepped up efforts to reduce rice prices in the face 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 mainstream...
The Central Bank of Nigeria (CBN) will auction treasury bills worth N722.17 billion with varying tenors in the third quarter of this year. This was mentioned...
As the Central Bank of Nigeria (CBN) agreed to print the Gambia government’s currency, Dalasi, a check by Ripples Nigeria indicates that the cost of producing...
The House of Representatives has ordered its Ad Hoc Committee investigating the assessment and status of all recovered loots, movable and immovable assets from 2002 to...
The Governor of Central Bank of Nigeria, Godwin Emefiele, said on Tuesday the bank is ready to assist its Gambian counterpart to print the country’s currency....
The Central Bank of Nigeria (CBN) has announced a pre-agreement with the Gambia regarding the printing the Dalasi. The Dalasi is the name of Gambia’s currency....
The Governors’ Forum of the Peoples Democratic Party (PDP) has condemned the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC) and other various government...
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 mainstream...
