The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some Directors. The apex bank in a statement on Thursday, said Mr. Yusuf...
The rate at which the consuming public borrows money to meet domestic needs and other personal financial obligations may take a plunge this year, a recent...
The Central Bank of Nigeria (CBN) Wednesday announced it had retained the Loan to Deposit Ratio (LDR) for Deposit Money Banks (DMB) at 65%. LDR measures...
The Central Bank of Nigeria (CBN) Monday released the Nigerian Payment Systems Risk and Information Security Management Framework to guide the management of risks associated with...
The cost of doing business in the country has been projected to rise significantly in 2020. The Lagos Chamber of Commerce and Industry (LCCI) gave the...
A Central Bank of Nigeria (CBN) report has revealed an N88.22 billion plunge in the nation’s earnings from crude oil sales for the month of November...
The Federal Competition and Consumer Protection Commission (FCCPC) issued a directive on Tuesday, stopping the current N50 charge on every transaction executed through Point of Sales...
The latest statistics from the Central Bank of Nigeria (CBN) has indicated that Federal Government’s revenue for the month of November dipped by N388 billion. The...
Bank customers across the country will from now be charged N35 per withdrawal from other banks’ Automated Teller Machines (ATM) instead of the former N65, the...
According to the Central Bank of Nigeria (CBN), the total exposure of Deposit Money Banks to the Nigerian economy climbed up to N22.61 trillion in October....
The Central Bank of Nigeria on Tuesday warned that it would suspend accounts of anyone hiding under the ECOWAS Trade Liberalisation Scheme to sabotage the federal...
Nigeria’s foreign reserves has continued its free fall, declining from $39.8 billion to $39.24 billion between 11 November and 13 December this year, the latest data...
Three months old digital-only Kuda Bank seems doing the unthinkable as it pioneers zero charges banking in Nigeria. Unlike other commercial banks, licensed by the CBN,...
The Senate on Tuesday authorised its Committee on Finance to investigate the circumstances around the non-remittance of over N20tn into the Federation Account by the Central...
Nigerian banks remain stable despite the country’s negative rating by the global credit rating agency, Moody’s, the Nigeria Deposit Insurance Corporation (NDIC) said on Tuesday. The...
The Central Bank of Nigeria (CBN) expects to achieve 2.38 percent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year, the bank...
The Director of Banking Supervision, Central Bank of Nigeria (CBN), Hassan Bello, said on Tuesday, that the apex bank would increase banks’ Loan to Deposit Ratio...
Nigeria is now among the top new countries using bitcoins, the latest edition of “The Nigerian Banker,” a journal of The Chartered Institute of Bankers of...
Global credit rating service, Moody’s Investor Service, gave a gloomy outlook of Nigerian government’s ratings on Wednesday, changing the prospects from stable to negative, in a report...
According to the Central Bank of Nigeria (CBN), the nation’s spending on commodities: rice, wheat, fish and sugar reached N1.3 trillion in the last one year....
There may be major distruptions in banking activities in the country as telecommunication companies have vowed not to offer free USSD service for banking activities. This...
In a timely recognition of how the current lull in the global oil market might stand in the way of a meaningful implementation of the 2020...
The Federal High Court, Lagos, on Monday remanded in prison the suspected internet fraudster, Ismaila Mustapha, aka Mompha, who is standing trial for alleged N33 Justice...
Nigeria imports cassava derivatives valued at about $600 million annually, the head of the country’s central bank has said. Godwin Emefiele, the governor of the Nigerian...
Happy Sunday esteem readers, welcome to this week’s Business Roundup. Here are the top highlights of events that happened during the week that you probably missed....
The Asset Management Corporation of Nigeria, (AMCON), an agency acting as a stabilizing tool for the nation’s financial system may soon go into extinction if the...
Desperate attempts by armed robbers to break into Benin, Edo State, branch of the Central Bank of Nigeria (CBN) was foiled by policemen attached to the...
A new report by the Central Bank of Nigeria (CBN) has revealed that the Federal Government recorded a fiscal deficit of N3.05trillion in its operations between...
A report by the Central Bank of Nigeria (CBN) on Thursday revealed that Nigeria’s foreign reserves fell by $1.26 billion from $41.76 billion in October 2...
The end to the closure of Nigeria’s land borders may take longer than expected as the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,...
President Muhammadu Buhari’s ‘’rice revolution’’ is laudable. Before the ‘’crop rebellion’’, Nigeria spent about $1.65 billion annually importing rice from Thailand and India. But the country...
Chairman of Independent Corrupt Practices and other related offence Commission (ICPC), Prof. Bolaji Owasanoye, has indicted some Ministries, Departments and Agencies (MDAs) of government, in the...
Lately, there has been an increasing push by commercial banks, struggling towards the claimed achievement of financial inclusion across 36 states of the country. This has resulted to...
Former Kaduna lawmaker, Shehu Sani has blamed the Central Bank of Nigeria (CBN) for the new charges imposed by MTN for Unstructured Supplementary Service Data (USSD)...
The Central Bank of Nigeria (CBN) has asked banks to move their business from telecommunications companies that are working on increasing the charges on unstructured supplementary...
The Central Bank of Nigeria (CBN) on Thursday ordered the cancellation of requests for purchase of Treasury Bills at the Primary or Open Market Operation (OMO)...
A Central Bank of Nigeria’s (CBN) Financial Stability Report for 2018 has shown that seven banks are not adequately funded if there was a bank run...
The Central Bank of Nigeria (CBN) has refunded part of N500 billion penalty deducted from banks as additional cash reserves after they failed to meet the...
The Central Bank of Nigeria will, on Thursday, auction Treasury bills worth N121.9 billion in the second Primary Market Auction (PMA) of the month of October...
The Central Bank of Nigeria (CBN) in its 2018 annual report for currency operation, released on Tuesday, said it detected a total of 119,663 counterfeit notes...
According to a report released by the Central Bank of Nigeria (CBN), on Friday, financial inclusion rate has increased to 63.2% as at the end of...
The Nigerian Government has made the payment of £250,000, which a commercial Court in London ordered it to pay to Process and Industrial Developments Limited (P&ID)...
Workers in the financial sector on Monday vowed to shut down banks and other financial institutions across the country over the increasing casualisation of workers in...
The Economic and Financial Crimes Commission (EFCC) has dispelled rumours claiming that about N900million in its custody turned into paper. In a series of tweets on...
A group in South-Eastern part of the country, Zikist-Buharist Movement (ZBM) has accused the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, of marginalising...
Hello there, it’s Sunday. And, here is the Business Wrap, a featured post highlighting some of the major events that unfolded during the week ended 5th of...
The Economic and Financial Crimes Commission (EFCC) has been ordered to produce in court the 106 boxes containing the N900 million allegedly stolen by two staff...
Former Governor of Central Bank of Nigeria (CBN) Prof. Charles Soludo, on Tuesday said Nigeria’s economy was still dwindling as the government had failed to consider...
The Manufacturers Association of Nigeria (MAN) has alerted that the implementation of the cashless policy may have negative effects on the Micro, Small and Medium Enterprises...
Hello, it’s Sunday again. And, here is another serving of Business Wrap, a featured post highlighting some of the major events that unfolded during the week...
