Access Bank Plc has formally contradicted the claim that it is preparing to retrench 75% of its workforce and shut down over 300 of its branches...
The Naira sold for N430 per dollar at the parallel market on Monday days after the central bank recommenced foreign exchange sales, thus posting some gain over...
The Central Bank of Nigeria (CBN) and banks in the country have reached an agreement to suspend the proposed dismissal of bank employees in reaction to...
A national leader of the ruling All Progressives Congress (APC), Bola Tinubu has taken a look at the nation’s economy and proffered solutions he said would...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
A group, the Association of Progressive Nigerians, on Saturday appealed to the Central Bank to withdraw old and tattered naira notes from circulation as the country...
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Microfinance Bank has begun the disbursement of the Central Bank of Nigeria (CBN) N50 billion Targeted Credit...
The Central Bank of Nigeria (CBN) said Wednesday it had resumed sale of dollar to commercial banks in the country in view of the gradual easing...
The Central Bank of Nigeria (CBN) said on Tuesday donations into the Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has hit N27,160,190,011.94. The Director of Corporate...
What has been unveiled so far by CBN are mere palliatives, and are inadequate to stop the looming mass business failure. The 13 suggestions below should...
The Central Bank of Nigeria (CBN) has said it will resume cheque clearing effective from Tuesday. “In view of this, the Bank hereby lifts the temporary...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while...
The Central Bank of Nigeria (CBN) has collected N1.4 trillion ($3.9 billion) from banks in the country with excess cash holdings as part of strategies to...
The Central Bank of Nigeria (CBN) will kick off the disbursement of the N50 billion fund, aimed at supporting households and Micro Small and Medium Enterprises severely...
A branch of the Central Bank of Nigeria (CBN) in Jos, Plateau State, was on Tuesday (today) gutted by fire. The CBN announced the fire incident...
Airline operators in the country have called on the Nigerian Government for an opportunity to be included among the beneficiaries of the N50 billion COVID-19 Intervention...
Funds contributed through the Private Sector Coalition Against COVID-19 (CACOVID) reached N25.89 billion on Friday, a statement from the Central Bank of Nigeria (CBN) has shown....
The Central Bank of Nigeria (CBN) has introduced a number of measures and strategies targeted at building a more resilient and more self-reliant national economy in...
The Central Bank of Nigeria (CBN) said on Monday it did not charge any fee on COVID-19 loan application as claimed by reports. The CBN’s Director,...
The National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, has asked President Muhammadu Buhari-led Nigerian Government to increase stipends to the poor as...
The Chairman of the Presidential Taskforce on COVID-19, Boss Mustapha, said on Thursday all the resources gathered in the wake of the coronavirus pandemic in the...
American credit rating agency, Fitch Ratings Incorporated, Monday lowered Nigeria’s Foreign Currency Issuer Default Rating (IDR) to ‘B’ from ‘B+’ and consequently assigned a negative outlook to the...
Fund amassed so far from private sector companies, mobilised by the Central Bank of Nigeria (CBN) towards tackling the coronavirus crisis, hit N15 billion in Wednesday....
The Nigerian Government Tuesday night slashed the pump price of gasoline from N125 to N123.5 per litre, the second time in less than two weeks it...
The Central Bank of Nigeria (CBN) Monday suspended clearing of cheques until further notice. The Director of Banking Services at CBN, Mr. Sam Okojere, who disclosed...
The Central Bank of Nigeria (CBN) has announced that the N100 billion health intervention fund earmarked for tackling the COVID-19 crisis will terminate in 2030. “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, mainstream business activities...
Pressures from poor availability of the American dollar in the currency market crashed the value of the Naira to N402 against the currency on Friday, the...
The Central Bank of Nigeria (CBN) Thursday struck a synergy with the organised private sector, headed by the Aliko Dangote Foundation and Access Bank Plc, and...
The Central Bank of Nigeria (CBN) has halted the operations of the Bureau de Change (BDC) segment of the foreign exchange market as part of the...
The Central Bank of Nigeria (CBN), at the high point of its Monetary Policy Committee (MPC) Tuesday, gave a bleaker economic outlook for Nigeria and the...
Rising from its two-day Monetary Policy Committee (MPC) meeting today (Tuesday), the CBN declared the retention of the subsisting Monetary Policy Rate (MPR) at 13.5% in...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
In a bid aimed at tightening regulatory controls in the Foreign Exchange (Forex) market and rein in dollar supply, the Bankers Committee has issued a directive...
The Central Bank of Nigeria (CBN) according to a statement that became public Friday, has technically devalued the Naira exchange rate for the dollar on the...
The Central Bank of Nigeria on Wednesday announced a N1.1trillion intervention fund to support critical sectors of the economy. The CBN Governor, Godwin Emefiele, who disclosed...
The Central Bank of Nigeria (CBN) on Monday reduced the interest rates in all its intervention facilities from 9 percent to 5 percent per annum for...
The Naira slumped in value against the dollar on Thursday, exchanging for between N405 and N420 at Bureaux De Change (BDC) in the country. The persistent...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Saturday the apex bank would seize the private jets of loan defaulters in the...
Nigeria’s foreign reserves will be completely exhausted in four years time if the current depletion rate persists. The Nigerian external reserves status has become a national...
The Central Bank of Nigeria (CBN) on Monday took the campaign for indigenous milk production sufficiency further by seeking the intervention of the Federal Capital Development...
In a new twist to its imposition of Forex restriction on milk importation into the country, the Central Bank of Nigeria (CBN) Tuesday gave six companies the...
In a new twist to its imposition of Forex restriction on milk importation into the country, the Central Bank of Nigeria (CBN) Tuesday gave six companies...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while not...
In furtherance of its intervention in the inter-bank Foreign Exchange market, the Central Bank of Nigeria (CBN) on Friday said it had injected $218.41 million into...
Nigeria lost $408.28 million (about N148.002 billion) in capital flight arising from plunge in Foreign Direct Investment (FDI) between June and September 2019 owing to insecurity...
President Muhammadu Buhari has requested the Senate screening and subsequent confirmation of Dr. Kingsley Isitua Obiora as Deputy Governor of the Central Bank of Nigeria (CBN)....
The Central Bank of Nigeria (CBN) Friday sent a cautionary note to the Federal Government in respect of the rising debt profile of the country. Godwin...
The banking sector gross credit increased by N2.7trillion in seven months, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Friday. Emefiele,...
The Central Bank of Nigeria (CBN) this afternoon, in the wake of its Monetary Policy Committee (MPC) meeting, retained the Monetary Policy Rate (MPR) at 13.5%....
