The Central Bank of Nigeria (CBN) says it has disbursed a total of N2 trillion through its various intervention programmes, as at January 2021. This was...
The Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR) unchanged at 11.5 percent after two days of its Monetary Policy Committee...
The Central Bank of Nigeria (CBN) has directed banks in the country to stop Nigerian exporters who are yet to repatriate their export proceeds effective from...
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) has threatened to shut the accounts of operators who continue to violate diaspora remittance regulations as well as withdraw their...
The Federal Government said on Thursday it had approved and disbursed the sum of N14.35 billion to the Distribution Companies of Nigeria (DisCos) to procure at...
Fitch, a credit ratings agency, has sounded the alarm over Federal Government’s reliance on Central Bank of Nigeria(CBN) for loans through Ways and Means facility, to...
As the National Identification Number registration deadline nears tomorrow, Ripples Nigeria can confirm that 68 million bank accounts are without Bank Verification Number (BVN). According to...
Latest data from the Nigerian Bureau of Statistics (NBS) has revealed that a total of N9.28tn was spent on the importation of manufactured goods into the...
Shares of the First City Monument Bank (FCMB) posted a six per cent loss on the first day of trading on Monday, January 4. The institution...
Government needs to brace up for tough policy decisions including the defence of the Nigerian economy against external and fiscal instabilities in order to restore growth...
Nigeria’s external reserves contracted by $3.17 billion or 8.23% this year as proceeds from sales of crude oil, which provides more than 90% of its foreign...
The incidence of default on secured credit aggravated between October and December, with lenders expecting no improvement in the trend in the first quarter of 2021,...
The Central Bank of Nigeria (CBN) has said it would charge investors protection fees on its non-interest asset-backed securities. In its recently issued draft framework of...
The Association of Bureaux De Change Operators (ABCON) has urged the Central Bank of Nigeria (CBN) to make Bureau De Change Operators payout agents for foreign...
The Central Bank of Nigeria (CBN) has revealed in its latest Business Expectations Survey Report for December that the naira will likely shed value further in...
Hello, and welcome to the very last Business Roundup for the year. Here, we bring you highlights of events that happened during the week -from the capital...
The United Kingdom has distanced itself from a member of its parliament, Tom Tugendhat, who accused former Nigerian Head of State, Gen. Yakubu Gowon (Rtd), of...
Nigeria’s manufacturing sector contracted in the month of December after scraping a weak recovery in the month before, the Central Bank of Nigeria (CBN) said in...
The Central Bank of Nigeria (CBN) has withdrawn the licences of seven payment service providers in the country. The CBN made the proclamation on Thursday in...
Nigerian banks borrowed the sum of N1.7 trillion from the Central Bank of Nigeria (CBN) in the three months to September 2020, data obtained from the...
The aggregate forex inflow to the Nigerian economy crumbled by 30.4% to $30.83 billion in the third quarter compared to the same period of 2019, the...
The Central Bank of Nigeria (CBN) confirmed on Sunday that the Federal Government recorded a fiscal shortfall of N1.29 trillion in the third quarter (Q3) of...
The Nigeria Deposit Insurance Corporation (NDIC) is in the process of liquidating 42 microfinance banks, whose licences were recently revoked by the Central Bank of Nigeria...
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...
Human rights activist and co-convener of the “BringBackOurGirls” movement, Aisha Yesufu, has taken a swipe at the Governor of the Central Bank of Nigeria (CBN), Godwin...
The Central Bank of Nigeria ( CBN) has ordered Deposit Money Banks (DMBs) to close all the naira accounts of International Money Transfer Operators (IMTOs) in...
The Central Bank of Nigeria (CBN) has ordered switches and processors to immediately stop all domestic currency transfers in respect of foreign remittances through International Money...
The Central Bank of Nigeria (CBN) has issued a red alert on London-based online money transfer providers, Azimo and Transfer Wise, saying the two firms had...
Nigeria’s foreign exchange reserves contracted by $269.47 million in the five-week period to 12th December, data from the Central Bank of Nigeria (CBN) showed on Monday....
The Central Bank of Nigeria (CBN) has approved new minimum capital requirements for payment service providers and other financial institutions in the country in a bid...
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 it was looking to attract $2 billion in diaspora remittances from Nigerians abroad as the country’s foreign exchange reserves...
The Central Bank of Nigeria (CBN) has introduced special bills aiming to consolidate the nation’s financial markets and make capital more available to lenders. The CBN...
The Central Bank of Nigeria, (CBN), has insisted that the frozen accounts of #EndSARS campaigners on the orders of Justice Ahmed Mohammed of the Federal High...
The Socio-Economic Rights and Accountability Project (SERAP) and Human & Environmental Development Agenda Resource Centre (HEDA) are now at liberty to sue the Central Bank of...
Recipients of diaspora remittances via international money transfer operators will henceforth receive such inflows in foreign currency as the Central Bank of Nigeria (CBN) moves to...
Cocoa exporters in the country are battling enduring delays in exporting their produce following the Central Bank of Nigeria (CBN)’request for further documentation to ensure proceeds...
The newest revelation of the financial escapades of Nigeria’s former military head of state, Gen. Yakubu Gowon (rtd), forced various kinds of reactions on social media...
A former Nigerian lawmaker who represented Kaduna Central Senatorial District, Senator Shehu Sani, has reacted to an allegation by a British Member of Parliament, Tom Tugendhat...
The Association of the Bureaux De Change Operators of Nigeria (ABCON) said on Sunday speculative practices in the currency market would heap more pressure on the...
The Pentecostal Fellowship of Nigeria (PFN) on Saturday urged the Federal Government to stop the hounding and victimisation of individuals behind the #EndSARS movement in the...
Nigeria’s Manufacturing Purchasing Manager Index (PMI), which gauges the general direction of economic trends, conditions and developments in the manufacturing sector through purchasing managers’ eyes, rose...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Monday the Coalition Against COVID-19 (Ca-COVID) would unveil its support for business owners...
Media entrepreneur and publisher of Ovation International Magazine, Dele Momodu, has described the Central Bank of Nigeria, CBN, as the 37th state in Nigeria. The journalist...
Former legal adviser to the All Progressives Congress (APC) Muiz Banire, has faulted the freezing of bank accounts of #EndSARS promoters by the Central Bank of...
Last week was filled with attention-grabbing political events. They included the suit against 50 EndSARS supporters by a supposed activist, Kenechukwu Okeke, and the naming of...
Nigeria’s foreign exchange reserves plunged to a 12-week low of $35.63 billion on Wednesday, its lowest point since 21st August, when $35.607 billion was recorded, data gleaned...
14 out of the 20 #EndSARS promoters whose bank accounts were frozen by the Central Bank of Nigeria (CBN) on Thursday challenged the apex bank’s action...
Some members of the Monetary Policy Committee (MPC) of the Central Bank (CBN) have expressed worries regarding the impact of huge demand pressure on Nigeria’s foreign...
