On Thursday, the Central Bank of Nigeria (CBN) announced that it is exploring the possibility of issuing a digital currency by the end of the year....
The Central Bank of Nigeria (CBN) is finalising plans to roll out its own digital currency before the end of the year. This was disclosed by...
The House of Representatives on Wednesday asked the Central Bank of Nigeria (CBN) to halt any plan to further devalue the Naira. The House made the...
The Central Bank of Nigeria (CBN) on Tuesday officially increased the exchange rate for cargo clearance from N381 per dollar to N404. 97 per dollar. The...
The House of Representatives ad-hoc committee, investigating recovered assets, on Monday, gave the Central Bank of Nigeria Governor, Godwin Emefiele, and National Security Adviser, Babagana Monguno,...
Bureaux De Change (BDC) operators have declared support for the proposed Task Force Committee of the Association of Bureaux De Change Operators of Nigeria (ABCON) to...
With the parallel market exchange rate soaring, the Central Bank of Nigeria (CBN) has announced an increase in the amount of foreign exchange supplied to banks....
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed factors contributing to high headline inflation which has increased the cost of living...
The continuous fall of the Nigerian currency, the naira reached a record low against the dollar at the parallel market on Wednesday. According to market data,...
Payment System operators have received a new license requirements to operate in Nigeria. The Central Bank of Nigeria (CBN) set new eligibility criteria which includes capital...
The Central Bank of Nigeria (CBN) might lift the ban placed on cryptocurrency after the governor, Godwin Emefiele, hinted at allowing the digital currency in the...
The Central Bank of Nigeria (CBN) on Tuesday retained its benchmark interest rate at 11.5 percent after the two-day Monetary Policy Committee (MPC) meeting in Abuja...
The Central Bank of Nigeria (CBN) has officially added the NAFEX exchange rate on its website. The update made on Tuesday morning shows Naira is currently...
The United States continues to show the Central Bank of Nigeria (CBN) how to handle cryptocurrency in a changing financial system which has for long been...
A senior economist at Tellimer Research, Patrick Curran, has described the Central Bank of Nigeria’s decision to adopt the NAFEX exchange rate as “meaningless.” In a...
The Central Bank of Nigeria (CBN) sold the U.S dollars to foreign investors at N411.5 the closing rate of NAFEX window on Monday. According to data...
Nigeria’s external reserves continued its incessant free-fall for the ninth straight day, dropping by $393.8 million. According to data obtained from the website of the Central...
On Friday, following news that the Central Bank of Nigeria (CBN) had adopted a flexible exchange rate as reference for government transactions, the official and the...
The Central Bank of Nigeria (CBN) has removed the official exchange rate of N379 per dollar from its website. Also, The last time the exchange rate...
Out of seven countries surveyed, Nigeria recorded the highest dip in remittance flow in 2020, a new report by Agusto has shown. The industry researcher also...
First Bank has been given a negative rating by international credit rating agency, Fitch, following the Central Bank of Nigeria (CBN) clampdown on the lender for...
Nigerian farmers will be getting all the support they need in the cultivation of maize this year as Governor of the Central Bank of Nigeria (CBN),...
The Central Bank of Nigeria has announced a new decision on its Naira for Dollar Scheme scheduled to end on Saturday, May 8. The scheme designed...
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s foreign exchange reserves rose by 0.17 percent in the month of April. Data obtained by Ripples...
The Central Bank of Nigeria (CBN) has issued a warning to Nigerians to desist from defacing the Naira currency. This warning was issued by Mrs Dorothy...
Honeywell Flour Mills has questioned a statement by Godwin Emefiele, Governor of Central Bank of Nigeria (CBN) that it defaulted on its loan from First Bank...
One of the sacked board members of First bank OF Nigeria, Mrs Ibukun Awosika, has taken to social media to react to the Central bank of...
FBN Holdings has confirmed that it has obeyed the directive of the Central Bank of Nigeria (CBN) to reinstate its sacked Managing Director and Chief Executive...
The Central Bank of Nigeria has assured depositors with First Bank not to panic that their money is safe. CBN Governor, Godwin Emefiele’s issued a statement...
The stock market reacted negatively to the faceoff between the Central Bank of Nigeria and First Bank, as shareholders dumped shares of the lender, an investors...
Following what many analysts have described as shocking, the Central Bank of Nigeria (CBN) has listed reasons why it took the decision to sack all the...
The Governor of the Central Bank of Nigeria, Godwin Emefiele has sacked all directors of First Bank of Nigeria and First Bank of Nigeria Holdings. The...
The Central Bank of Nigeria (CBN) has described First Bank of Nigeria’s new board appointments which includes Gbenga Shobo as Managing Director and Chief Executive Officer...
The House of Representatives has directed the Central Bank of Nigeria (CBN) to suspend the recapitalisation of Microfinance Banks (MFBs) with immediate effect. This followed the...
The Central Bank of Nigeria (CBN) has released an updated list of International Money Transfer Operators licensed to operate in the country. The list titled ‘updated...
The Central Bank of Nigeria (CBN) has disclosed that total direct remittances to Nigeria in the first three months of 2021 dropped by 75.3 percent. According...
The National Economic Council (NEC) on Thursday declared as false claim by the Edo State Governor, Godwin Obaseki, that the Central Bank of Nigeria (CBN) printed...
The Youth Party has frowned at what it says is the continuous waste of public resources on irrelevant overheads and consumption by the federal government. The...
Nigerian Naira on Tuesday recorded a significant devaluation to the U.S dollar at the parallel exchange market. According to data from Abokifx, Naira closed at N486...
The Association of Bureaux De Change Operators of Nigeria (ABCON) on Tuesday charged the Central Bank of Nigeria (CBN) to introduce measures that would counter the...
The Central Bank of Nigeria (CBN) has revealed that the Federal Government recorded a N485.51 billion fiscal deficit in January. This was revealed in its monthly...
The All Progressives Congress (APC) on Sunday implored the Peoples Democratic Party (PDP) and others criticising the operations of the Central Bank of Nigeria (CBN) 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 mainstream...
The Central Bank of Nigeria (CBN) said on Thursday, that it is considering adding sugar and wheat on its FX restriction list, pushing the total number...
The Progressive Governors’ Forum (PGF), on Friday, refuted allegations by Governor Godwin Obaseki of Edo State that the federal government printed between N50 and N60 billion...
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) are in talks over cryptocurrency market in the country. The apex bank had...
Financial institutions have been issued a new directive by the Central Bank of Nigeria (CBN) as the apex bank extends its clampdown on bad debtors beyond...
It has been cricket sound in the cryptocurrency space in Nigeria since the Central Bank of Nigeria (CBN) clamped down on the market in the first...
The Central Bank of Nigeria (CBN) has secured series of court orders to freeze 194 bank accounts owned by Bureaux de Change and some firms. The...
The Central Bank of Nigeria (CBN) is to freeze the bank account of Belfour Oil and Gas Limited, Kacynaus Reality Nigeria Limited and many others after...
