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...
The Central Bank of Nigeria. CBN, has given the Association of Bureaux De Change Operators of Nigeria, ABCON, a no objection approval to launch an initiative...
The Central Bank of Nigeria, CBN, has said it recorded a foreign exchange inflow of $40.93 billion between January and September 2018. According to the CBN...
Banks and Telecommunications operators in the country, Tuesday, traded blames over the rising cases of financial frauds perpetrated in the country through telecommunications networks. The financial...
Banks and other financial institutions are to pay N2.5 million in fine for the use of unapproved e-payment solutions in the country. This is contained in...
ASSOCIATION of Bureaux De Change Operators of Nigeria, ABCON, has called on the Central Bank of Nigeria, CBN, to implement provisions of its 2014 circular which...
The Minister of Finance, Mrs. Zainab Ahmed, has disclosed that the Asset Management Corporation of Nigeria, AMCON, recovered over N1 trillion from debtors whose loans were...
The Central Bank of Nigeria (CBN) has injected $289.76million into the retail secondary market intervention sales and CNY38.70million into the spot and short- tenored forwards segment...
Each branch of Deposit Money Banks (DMBs) in the country that pays out counterfeit or mutilated banknotes will be fined N1 million, the Central Bank of...
The Asset Management Corporation of Nigeria (AMCON) has begun a search for new investors to take over Polaris Bank. The corporation, which is already taking stock...
The latest bridged financial institution in Nigeria, Polaris Bank Limited, is ready for sale but the entire process would be on hold for now pending the...
The Minister of Agriculture, Chief Audu Ogbeh, has commended the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for introducing a list of restricted...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the alarm that Nigeria may return to the pre-2005 Paris Club debt...
The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has left the Monetary Policy Rate, MPR, at the same level it has been...
The Central Bank of Nigeria has said it is planning to increase the number of items on its foreign exchange restricted items to 50 from 42....
The National Economic Council will on Thursday decide on the proposed N30,000 new minimum wage. This was part of the resolutions reached at the emergency meeting...
The Central Bank of Nigeria (CBN) has directed that loans granted about 550,000 rice farmers in the country who were affected by the 2018 flooding be...
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) has granted approvals in principle for the merger of Access and Diamond banks....
The Central Bank of Nigeria (CBN) on Friday, intervened in the Retail Secondary Market Intervention Sales by injecting the sum of $263 million, the first in...
The Central Bank of Nigeria (CBN) has plans to raise a total of N1.809 trillion from the debt market, in the first quarter of 2019. The...
Data from the Central Bank of Nigeria (CBN) has revealed the nation’s foreign reserves rose by $6.418m from $$43.041bn on December 17, 2018 to $43.047bn as...
MTN Nigeria Communications Limited, and the Central Bank of Nigeria (CBN) have settled their differences over the $8.1 billion demanded by the apex bank, out of...
The Central Bank of Nigeria (CBN) has said it would henceforth sanction banks who fail to adhere to its orders on customers complaints resolution. The CBN...
The Central Bank of Nigeria (CBN) has again intervened in the foreign exchange market by injecting $210 million into the inter-bank sector of the foreign exchange...
Bankers Warehouse has called on the Economic and Financial Crimes Commission (EFCC) to immediately release the $2.8 million cash and its employees that were arrested by...
Foreign Portfolio Investors (FPI) withdrew more than N94.4 billion in the third quarter of 2018 from the capital market, a member of the Central Bank of...
Figures released by the Central Bank of Nigeria (CBN) have shown that Nigeria’s foreign reserves rose by $1.518bn from $41.523bn on November 22 to $43.041bn as...
The Director General of the Budget Office, Ben Akabueze, has revealed that the Federal Government is facing financial challenges with the Federal Government budgeted Independent Revenue...
