Funds linked to the suspended Head of Service of the Federation, Mrs Winifred Oyo-Ita have been suspended by the Abuja Federal High Court. The court presided...
In 2008, the American economy was collapsing. Like Nigeria, just after the emergence of Muhammadu Buhari as president in 2015, they (the U.S.) struggled with an economic contraction...
The Central Bank of Nigeria (CBN), on Tuesday, urged the judiciary to lend a helping hand towards ensuring that bank debtors pay back what they owe....
Four major banks in the country have incurred the wrath of the Central Bank of Nigeria (CBN) and the Financial Reporting Council of Nigeria, as they...
The Central Bank of Nigeria (CBN) on Friday decided to retain the Monetary Policy at 13.5 per cent. The MPR is the rate at which the...
Vice-President Yemi Osinbajo on Tuesday took the bull by the horn to recover the N5 trillion debts owed the Asset Management Corporation of Nigeria (AMCON). This...
The quarterly meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has been rescheduled to Thursday and Friday this week. The meeting was...
The House of Representatives on Tuesday summoned the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele over some abandoned projects in the country. This...
Due to the Central Bank of Nigeria (CBN) policy that mandated banks to give out at least 60 per cent of their deposits as loans or...
AFC approves $230 million loan for 9mobile – NEWS From Etisalat to 9mobile – the story in between Company’s debt history What’s the future? Technically, the...
Tough times await bank customers who default on the repayment of their loans, as deposits in other bank account would be seized to service the loans....
The Central Bank of Nigeria (CBN) has set lending limits for banks and other financial institutions under its regulation to reduce their exposure to risks. The...
The Central Bank of Nigeria (CBN) has said it would not go back on President Muhammadu Buhari’s directive to place a ban on Forex for food...
Since the news broke on restriction of Forex for food importation, experts and the general public have reacted with divergent views. A category went left with...
Heads of four government agencies have been summoned by the House of Representatives to appear before it on Monday, August 19 for failing to attend an...
Former Presidential candidate of the Young Progressives Party (YPP), Kingsley Moghalu has faulted President Muhammadu Buhari’s directive to the Central Bank of Nigeria (CBN), on non-provision...
The Human and Environmental Development Agenda (HEDA) has demanded that Senator Dino Melaye be prosecuted for allegedly abusing Naira notes during the burial of his mother...
A former Minister of Education, Oby Ezekwesili has suggested that the President Muhammadu Buhari led Federal Government has decided to punish Nigerians with forex restriction on...
The Central Bank of Nigeria, CBN, has said that it sold $4.47 billion forex to authorised dealers between April and May, 2019. The CBN stated this...
The Central Bank of Nigeria (CBN) on Tuesday said $210 million had been freshly injected to boost the Nigerian foreign exchange market. The apex bank had...
The Central Bank of Nigeria (CBN) has disclosed the duration period under which Deposit Money Banks (DMBs) should resolve different transaction issues lodged by their customers....
In an effort to revive the country’s Cotton, Textiles and Garment (CTG) sector, President Buhammadu Buhari has ordered that the military uniform among other clothing for...
The Nigerian Association of Chambers of Commerce Industry Mines and Agriculture (NACCIMA) is in talks with the Central Bank of Nigeria (CBN) to see that agriculture...
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...
