The Central Bank of Nigeria (CBN) has approved the merger of Diamond Bank with Access, returning a no Objection verdict. The CBN gave the approval in...
The Central Bank of Nigeria (CBN) has warned banks in the country to enhance their reporting on fraud related cases in accordance to its directives, adding...
There are conflicting reports trailing the move by Access Bank Plc to acquire Diamond Bank Plc, after denials by both banks that they are in merger...
A report by the Central Bank of Nigeria (CBN) has shown that Nigeria recorded $4.54 billion in deficit in the provisional Balance of Payments estimates for...
According to a report by the Central Bank of Nigeria (CBN), value of transactions to the Treasury Single Account (TSA) for 2017 moved to N13.53 trillion....
The Central Bank of Nigeria (CBN) from 2019, will prevent bank bad debtors from assessing further credit from Nigerian banks with the deployment of the Global...
The Minister of Budget and National Planning, Senator Udo Udoma has predicted that Nigeria’s economy will grow by three percent in 2019. The minister also said...
Digital payment in the country has witnessed a significant increase, jumping to 16 percent in 2018 from 12 percent achieved in 2016, a newly unveiled 2018...
The Council of the Islamic Financial Services Board (IFSB) headquartered in Kuala Lumpur, Malaysia, has approved the full membership of the Nigeria Deposit Insurance Corporation (NDIC)...
The Central Bank of Nigeria, CBN, Monday, removed fertilizer from products for which foreign exchange can be accessed for importation. The CBN, by the action, has...
SANCTIONS await banks, their customers and businesses that abuse the Central Bank of Nigeria’s (CBN’s) policy restricting foreign exchange (forex) allocation to 41 items. Culprits are...
The Central Bank of Nigeria (CBN) has said it was ready to partner with the Economic and Financial Crimes Commission (EFCC) in order to expose and...
The Central Bank of Nigeria (CBN) has revealed that the country recorded a decline in its monthly food import bill from $665.4 in January 2015 to...
The Central Bank of Nigeria (CBN) has said that it expects inflation rate in the country to increase to 11.4 percent for the remaining part of...
The Central Bank of Nigeria, CBN, on Tuesday, injected another $210 million into the foreclosure market in a bid to keep the current stability of the...
The Presidency has vowed to recover the $7 billion cash bailout given to commercial banks in the country in 2006 by the Central Bank of Nigeria,...
The Federal Government has said it is partnering with the African Development Bank, AfDB, to establish a $500 million fund with the purpose of financing technological...
The Nigerian Senate Committee on Gas has demanded the schedule of 45 withdrawals made from the accounts of the Nigeria Liquefied Natural Gas (NLNG) from 1999...
The Central Bank of Nigeria, CBN, said on Thursday that it would monitor banks’ lending to politicians to finance their spending for the 2019 general elections....
The Central Bank of Nigeria (CBN) is probing banks’ enrollment of their customers in the Bank Verification (BVN) platform to ensure the integrity of the process,...
The Monetary Policy Rate (MPR) has been left unchanged at 14% after a meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee meeting ended...
The Federal Government has lost about N796.77 billion from its revenue projections in the third quarter of 2018, according to data compiled by The Guardian.The development...
The Central Bank of Nigeria (CBN) Wednesday injected $210 million into the foreign exchange market to help stabilize the naira. Figures from the bank showed that...
The Central Bank of Nigeria (CBN), has said that the nation’s federally collected revenue for the third quarter of this year rose by 8.9 per cent...
The Eid-El-Maulud holiday declared by the Federal Government for Tuesday 20th of November has forced the Central Bank of Nigeria (CBN) to postpone the November two-day...
A pro-Atiku group has berated the Buhari Media Organisation (BMO) over its reaction on the stand of the senate regarding the reduction of fine placed on...
A report by the Nigeria Deposit Insurance Corporation, NDIC has indicated that 10 Deposit Money Banks in the country accounted for about 87.63 per cent of...
The Central Bank of Nigeria (CBN), Wednesday revealed that money deposit banks in the country have refunded about N72.2 billion to customers in 13,715 complaints. This...
The Nigerian Senate has frowned against attempts by the Federal Government to reduce the $8.1 billion fine imposed on MTN Nigeria, to $800 million. The Senate,...
Telecommunication giants, MTN and Airtel have concluded plans to obtain mobile banking licence from the Central Bank of Nigeria (CBN) as they prepare to enter the...
The Nigerian National Petroleum Corporation (NNPC) has said its crude oil and gas export sale in August 2018 was $470 million, indicating an increase of about...
The disputes between MTN Nigeria and Nigerian authorities over $10 billion in repatriated funds and back taxes could increase risk in South Africa’s financial system depending...
The Central Bank of Nigeria (CBN) has said Nigeria is leading other Africa nations and one of the top five (5) globally in remittances inflows. CBN...
A Federal High Court sitting in Lagos has adjourned till December to hear a case between MTN Nigeria and the Central Bank of Nigeria (CBN) in...
MTN Group, a telecommunication company in Africa, said its number of subscribers increased by 1.1 percent in the third quarter of 2018 amidst sanctions placed on...
The Emir of Kano, HRH Muhammadu Sanusi II, has said that Nigeria is not an oil-rich country. He said, given the quantum of oil Nigeria produces...
In a bid to tackle the challenges of inadequate capital in microfinance banks (MFBs) in the country, the Central Bank of Nigeria (CBN) has raised the...
The Central Bank of Nigeria (CBN) has again revoked the operating licenses of nine (9) microfinance banks in Niger State, the National Association of Microfinance Banks...
A hearing in the court case between MTN and the Central Bank of Nigeria (CBN) in a disagreement over the alleged repatriation of $8.1 billion by...
The Nigerian Senate In Wednesday, passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend the excessive ATM card maintenance charges being deducted...
The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said it is better to maintain stable exchange rate to avoid Naira depreciation than to...
The International Monetary Fund (IMF) has said Nigeria needs to be cautious of the current depletion in its foreign reserves, noting that the normalization of interest...
MTN shares rose this morning (Monday) by 2.55 percent on the Johannesburg Stock Exchange (JSE) after the Central Bank of Nigeria (CBN) said it may reduce...
The Central Bank of Nigeria (CBN) said it expects to maintain its tight monetary policy stance until the inflationary pressures ease towards it target band as...
The Central Bank of Nigeria (CBN) has said latest documents provided by MTN Nigeria and its four banks may lead to a reduction in $8.1 billion claim...
The Federal Government has assured Nigerians that everyone responsible for the failure of the defunct Skye Bank will be prosecuted. The Minister of Finance, Zainab Ahmed,...
The Central Bank of Nigeria (CBN) has asked the Federal High Court sitting in Lagos to deny MTN Group an injunction that would stop the telecommunication...
The Central Bank of Nigeria (CBN) has blamed the steady decline in the nation’s external reserves on higher yields in the United States. CBN Director of...
It was on Friday evening and I was just making plans on how best I could maximise the weekend when the news broke that the Central...
The manufacturing sector Purchasing’ Managing Index (PMI) grew for the eighteenth consecutive month in September, even as it recorded 0.6 index points lower than the preceding...
