Deposit Money Banks, DMBs, in the country can now operate mobile money wallets without getting approvals from the Central Bank of Nigeria, CBN, the apex bank...
The President of the Lagos Chamber of Commerce and Industry, Mr Babatunde Ruwase, has demanded the reversal of the new import duty exchange rate set by...
The Prince who became King Growing up in a royal family and having a father, Ambassador Aminu Sanusi, who was a Permanent Secretary in the Ministry...
The Buhari Media Organisation, BMO, has described as false, a report by the United Nations Conference on Trade and Development(UNCTAD) that Nigeria’s Foreign Direct Investments(FDI) plunged...
The Kaduna State Police Command has arrested four currency traders who were possession of N780,000 mint cash in Zaria and Kaduna. The suspects who were paraded...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has disclosed a directive by President Muhammadu Buhari ordering the blacklisting of companies importing restricted...
The Central Bank of Nigeria (CBN) has concluded plans with Deposit Money Banks (DMBs) to disburse funds under the Creative Industry Financing Initiative (CIFI) The decision...
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has expressed worries over the current state of Nigeria’s economy. Emefiele who just began his...
Nigeria’s Foreign Exchange Reserves increased to $45.090 billion in May from $44.790 billion in April of 2019, according to the latest statistics from the Central Bank...
The Central Bank of Nigeria, CBN, will continue to implement policies that will help reduce the importation of goods that can be produced locally in the...
The Central Bank of Nigeria (CBN) on Thursday set up a committee for the revival of the country’s cotton, textile and garment industry. This followed the...
The Nigerian Postal Service, NIPOST, has assured that the use of its outlets to offer micro-finance bank services across the country will not affect its core...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has painted a gloomy picture for the Nigerian economy under the President Muhammadu Buhari administration, saying...
President Muhammadu Buhari has nominated Godwin Emefiele for a second term in office as governor of the Central Bank of Nigeria (CBN). President of the Senate,...
Local government administrations in Nigeria would not be able to withdraw cash above N500,000 daily, from June 1, 2019, the Nigeria Financial Intelligence Unit, NFIU, has...
The Nigerian Electronic Fraud Forum, NeFF, has disclosed that that a total of 63,895 bank customers in Nigeria between 2017 and 2018, lost N3.6bn to cyberfraud....
As part of efforts to end the circulation of dirty, mutilated and counterfeit banknotes, the Central Bank of Nigeria (CBN) has put together a Clean Note...
The Central Bank of Nigeria, CBN, Wednesday, continued its intervention in the internet-bank segment of foreign exchange market as it injected another $210 million. According to...
An FCT High Court has stopped the Imo State government from withdrawing money from its account with the Central Bank of Nigeria (CBN) and 16 other...
Nigeria’s foreign reserves rose from $42.87bn by March 12 to $44.728bn as of April 12, according to latest statistics from the Central Bank of Nigeria (CBN)....
Farmers in the country have received credit worth N174.48 billion from the Central Bank of Nigeria through 19 commercial banks in a bid to diversify the...
The internet-bank Foreign Exchange was on Tuesday boosted by the Central Bank of Nigeria, CBN, with the injection of another $210 million. This was disclosed by...
Nigeria’s inflationary rate for March, 2019 has been projected to stand at 11.2 percent by the Lagos based Financial Derivatives Company, FDC. According to the National...
Governor of Central Bank of Nigeria, Godwin Emefiele, and the Accountant-General of the Federation, Ahmed Idris, have been asked to appear before the House of Representatives...
The Central Bank of Nigeria, CBN, is set to device a new means of liquidity management in order to reduce associated expenses. The Deputy Governor in...
The Lagos Chamber of Commerce and Industry, LCCI, has commended the Central Bank of Nigeria (CBN) for the recent reduction of the Monetary Policy Rate, MPR,...
Following Tuesday’s 50 basis points cut in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), from 14 per...
Figures made available by the Central Bank of Nigeria, CBN, have shown that the country’s foreign exchange reserve has hit a six months high at $44.14...
The Central Bank of Nigeria (CBN) has said that technological developments in the banking sector has led to the increase of electronic system of payment between...
Some capital market operators and investors have hailed the move by the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) to amend...
The Central Bank of Nigeria (CBN) on Tuesday announced that it has reduced the Monetary Policy Rate (MPR) from 14% to 13.50%. This was disclosed by...
The Central Bank of Nigeria, CBN, has estimated that the country’s inflationary rate will rise to 12 percent and thereafter moderate. The Governor of the CBN,...
A new report by the FSDH Merchant Bank has revealed that Nigeria’s balance of payment is still fragile and that it was dominated by transactions in...
The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele has faulted the position of the Lagos Chamber of Commerce and Industry, LCCI, that...
It has been revealed that the Central Bank of Nigeria (CBN) has disclosed an agreement with all states in the South-South and South-East regions of the...
Non oil export earnings received through the banks amounted to $1.16 billion for the last quarter of 2018. It also represents a 1.5 per cent and...
It has been revealed that the Independent National Electoral Commission is to devote over N1bn to storage and movement of election materials by the Central Bank...
Nigerians will no longer be able to access foreign exchange for the importation of any form of textile materials from henceforth, as the Central Bank of...
Figures from the Central Bank of Nigeria (CBN) has shown that Nigeria earned a total of N5.54 trillion from oil and gas revenue in 2018. According...
The lastest report of the Central Bank of Nigeria, CBN, on its Purchasing Managers’ Index Survey, PMI, has shown that production level, new orders, supplier delivery...
Stakeholders in the maritime and shipping sector of the nation’s economy have called on the federal government to commence the disbursement of the $124 million (N45.26...
The Central Bank of Nigeria (CBN) has injected another $210 million into the foreign exchange market in continuation of its intervention in the Inter-Bank Foreign Exchange...
The fourth quarter 2018 report just released by the Central Bank of Nigeria, CBN, has shown that currency in circulation as at the end of December,...
Nigeria’s foreign reserve has declined to $42.86 billion, the lowest in two months, data obtained from the Central Bank of Nigeria, CBN, showed on Sunday. The...
The decision by the Independent National Electoral Commission (INEC) to postpone presidential and National Assembly elections by one week has forced the return of sensitive materials...
The Central Bank of Nigeria, CBN, has said that the Federal Government recorded fiscal deficit of N910.41 billion in the fourth quarter of 2018. The CBN...
A cumulative of 154,827 micro, small and medium scale enterprises (MSMEs) have used movable assets valued at N1.561 trillion to obtain loans from financial institutions since...
The cumulative transactions on the Investors and Exporters’ (I&E) foreign exchange window of the Central Bank of Nigeria’s (CBN) have risen to $48 billion since the...
The Central Bank of Nigeria, through its Purchasing Manager’s Index Survey report, has said the Production level, new orders, supplier delivery time, employment level and inventories...
The Central Bank of Nigeria, CBN, on Monday said there is no truth in a report alleging that faceless agents, backed by regulators, were exploiting the...