MTN Group Limited said it may no longer seek to raise capital to finance its operations through an Initial Public Offering (IPO) on the Nigerian Stock...
The Central Bank of Nigeria (CBN) says there was an increase in the demand for corporate credit from all business sizes in the third quarter of...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has cleared the air on why it changed the defunct Skye Bank’s name to Polaris Bank,...
In spite of the reversal in downward inflationary trend and slowing economic growth in the country, the Monetary Policy Committee (MPC) of the Central Bank of...
The Central Bank of Nigeria (CBN) has revoked the operating license of Skye Bank. The CBN Governor, Godwin Emefiele, and the Managing Director of the Nigeria...
The Central Bank of Nigeria (CBN) said it was reviewing the information provided by Nigeria’s telecommunication giant, MTN Nigeria, and four banks it recently sectioned over...
The Federal Government has sold its 21 percent stake in the Nigeria Security Printing and Minting Company (NSPMC) to the Central Bank of Nigeria (CBN). The...
The Central Bank of Nigeria (CBN) has stepped up the campaign to rid the country of dirty notes, make lower denominations available and stem the tide...
The Central Bank of Nigeria (CBN) said it will impose N10,000 fine per item for every failed NIP transaction caused by any financial institution operating in...
The Central Bank of Nigeria has issued new operational licenses to 366 Bureau De Change (BDC) operators between January 2018 and May 31, 2018. The development...
MTN Nigeria has dragged the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation to court to seek relief over a $10.1 billion demand....
The Special Presidential Investigation Panel for the Recovery of Public Property would soon commence recovery of about seven billion dollars bailout fund it granted commercial banks...
The Central Bank of Nigeria (CBN) has debited the account of Stanbic IBTC Bank, the banking subsidiary of the Stanbic IBTC Group, for N1.886 billion regulatory...
The Central Bank of Nigeria (CBN) said it has refunded a total of over N65 billion excess charges deducted from bank customers’ accounts in the last...
MTN Nigeria has dismissed allegations by the Central Bank of Nigeria (CBN) over illegal repatriation of shareholders’ dividends amounting to $8.1 billion by the company between...
The Central Bank of Nigeria (CBN) has imposed sanctions totalling N5.87 billion on four banks for wrongly assisting MTN Nigeria to repatriate funds. The banks allegedly...
The nation’s foreign exchange reserves have dropped below $46 billion, available data from the Central Bank of Nigeria (CBN) showed on Wednesday. The reserves, which stood...
The Central Bank of Nigeria (CBN) said the maximum credit issuable to agriculture, manufacturing, and other related sectors that are employment and growth stimulating to the...
The Central Bank of Nigeria (CBN) said it would support banks that fund projects in agriculture and manufacturing sectors by refunding Cash Reserve Ratio (CRR) at...
The Central Bank of Nigeria, CBN, has said importers of substandard products will not be accommodated in the currency swap agreement it signed with the People’s...
The Manufacturers Association of Nigeria (MAN) Thursday said the government’s reforms in manufacturing were not viable enough to spur growth in the sector. Speaking at the...
Some shareholders of 9mobile (formerly Etisalat) have warned against the sale of the telecommunication firm in view of a pending case before the Federal High Court...
Nigeria’s foreign exchange reserves have dropped by over $1 billion in the last five weeks, available data from the Central Bank of Nigeria (CBN) showed on...
The Naira on Tuesday depreciated to N362.30 per dollar in the Investors and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210...
The Central Bank of Nigeria (CBN) may consider raising its key lending rate for the first time in two years if the inflation rate fails to...
The Chartered Institute of Bankers of Nigeria on Monday said it has been appointed by the Central Bank of Nigeria as the secretariat for the Alternative...
THE downward trend in interbank interest rates will persist this week, as inflow of N452 billion aggravates the prevailing excess liquidity in the interbank money market....
About 250,000 direct jobs and 1.25 million indirect jobs have been created under the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme, the Nigerian Incentive-Based Risk...
The Central Bank of Nigeria (CBN) said it has commenced the disbursement of low denomination notes to aid easy accessibility of the currency and put an...
The manufacturing sector Purchasing Managers’ Index (PMI) stood at 56.8 index points in the month of July, indicating a sluggish expansion in the sector for the...
The Central Bank of Nigeria (CBN) said its newly updated Foreign Exchange Manual for authorized dealer banks and other stakeholders in the foreign exchange market would...
The Central Bank of Nigeria (CBN) has warned the public to desist from all forms of abuse of the Naira, or risk jail term. According to...
In a bid to mitigate the effect of the tight monetary policy stance which has slowed down outflow of funds to the real sector of Nigeria’s...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the key lending rate at record-high of 14 percent for the...
At last members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) commence their two-day meeting in Abuja today, the sustained decline in the...
The Central Bank of Nigeria (CBN) on Friday sold Chinese Yuan for the first time through an auction-based system designed for Chinese Yuan foreign exchange window...
Worried by conflicting figures on the diverted and invested funds of the National Health Insurance Scheme (NHIS), the Governing Council of the agency has asked the...
Businesses in Nigeria are now more confident in the Nigerian macro economy in June compared to the preceding month, even as confidence of the services and...
The Central Bank of Nigeria (CBN) yesterday directed all banks, mobile money operators, super agents to render their daily returns to the regulatory body, even as...
The Central Bank of Nigeria (CBN) said the currency swap agreement recently reached with the People’s Bank of China (PBoC) was to diversify the nation’s currency...
The Food, Beverage and Tobacco subsector of the manufacturing sector expanded at a faster pace in June 2018, even as the Federation Government increased excise duty...
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to approve the disbursements of Renminbi (Chinese Yuan)...
The Central Bank of Nigeria (CBN) in partnership with deposit money banks in the country said it is offering a 10 percent mark-up as an incentive...
Financial and economic experts have said a downward review of the Monetary Policy Rate by the Central Bank of Nigeria will no longer be necessary. Private...
Nigeria’s Consumer Price Index (CPI) further dropped for the 16th consecutive month in May, moving the index closer to the Central Bank of Nigeria’s (CBN) target,...
N195BN FRAUD: Senator Gaya’s backtrack and the Maina question By Douglas Manke…. Abdulrasheed Maina, the man at the centre of the widely publicised pension debacle, has...
The nation’s foreign exchange (forex) reserves have lost over $374 million within three weeks, the latest data from the Central Bank of Nigeria (CBN) obtained by...
In furtherance to the recent bilateral currency swap deal signed by the Central Bank of Nigeria (CBN) with the People’s Bank of China (PBoC), the CBN...
The Central Bank of Nigeria (CBN) on Monday reduced the rate at which Bureau De Change (BDC) operators in the country buy dollar from the bank...
The average daily loan requests by banks from the Central Bank of Nigeria (CBN) rose to N216.34 billion amid tight monetary policy by the apex bank,...
