The Central Bank of Nigeria (CBN) has extended the implementation of transaction limit on Unstructured Supplementary Service Data (USSD) for the financial systems in the country....
The Central Bank of Nigeria (CBN) said the bank’s resistance to float the Naira in the face of the economic challenges that befell the nation saved...
The Senate on Thursday confirmed the appointments of four Non-Executive Directors for the Board of the Central Bank of Nigeria (CBN). President Muhammadu Buhari had forwarded...
In furtherance of its objective to ensure that banks meet the foreign exchange (FX) demand of eligible travellers, the Central Bank of Nigeria (CBN) will from...
In a bid to ensure full compliance of the new CBN forex directive, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday embarked...
As part of the measures to ease the stress by Nigerians seeking foreign exchange for their traveling arrangements, the Central Bank of Nigeria (CBN) has issued...
Muhammed Sanuli II, the Emir of Kano and a former Governor of the Central Bank of Nigeria (CBN), has called on African nations to embrace regional...
The Monetary Policy Committee (MPC) of the Central bank of Nigeria (CBN) has again held its main lending rate at 14 percent to further ensure stability...
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) may consider lowering its main lending rate for the first time in almost two years, as...
The Central Bank of Nigeria (CBN) has said the Nigeria-China currency swap deal will not cover the importation of the 41 items already prohibited from the...
The total value of Currency-in-Circulation in Nigeria rose by N289 billion to N1.957 trillion at the end of April, the latest Money and Credit Statistics of...
ALMOST one year after the Central Bank of Nigeria, CBN, began a drive towards lower interest rates, about eighteen banks have declined to toe the apex...
By Joseph Edgar… Is it any news that Nigeria is not working? No sector today is making any meaningful progress and I must state it very...
The Central Bank of Nigeria (CBN) has said the $36.37bn Federal Government spent on the importation of petroleum products between 2013 and 2017 greatly contributed to...
The consistent decline in Nigeria’s inflation rate since January 2017 is projected to take an opposite trend after 15 months of consecutive reduction if the proposed...
The Central Bank of Nigeria (CBN) on Thursday signed a bilateral currency swap deal with the Peoples Bank of China (PBoC) a statement by the CBN...
The recent Central Bank of Nigeria’s (CBN) announcement that the chairmen and chief executives of any licensed bank who fail to publish their financial statements will...
The Muslim Rights Concern (MURIC) has demanded that the federal government withdraw from circulation, all N100 notes printed during the administration of former President Goodluck Jonathan....
Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele, has said that the apex bank in collaboration with Deposit Money Banks (DMBs) would in the comings...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria which met on Wednesday after a long stretch has retained the Monetary Policy Rate at...
The nation’s economy may be exiting a six-month apathy and cautious mode imposed on it by the standoff between the federal legislature and the executive, as...
The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in cryptocurrency, stressing that virtual currencies are not legal tender in...
More evidence of corrupt practices by ex-President Goodluck Jonathan’s administration may be tendered following a challenge by the former leader, it was learnt yesterday. Federal Government...
Economic report by the Central Bank of Nigeria (CBN) on the fourth quarter of 2017 has revealed that Nigeria’s economy attracted a total foreign exchange inflow...
Nigeria’s External Reserves hit $46 billion as at close of business Friday, March 9, 2018, exceeding earlier projection of $40 billion, and heading towards the $50 billion mark....
Fresh indications emerged last night, on why the Presidency might not rush to give assent to the new Nigeria Financial Intelligence Unit Bill, when it is...
President of the Senate, Dr. Abubakar Bukola Saraki, on Wednesday said the prompt passage of the Nigerian Financial Intelligence Unit (NFIU) Bill by the National Assembly...
Prof. Kingsley Moghalu became one of the first Nigerians to openly declare his interest to contest for Nigeria’s presidency in 2019 when he addressed the media...
Nigeria’s expulsion from the Egmont Group may have been averted following the intervention Thursday evening by the President of the Senate, Dr. Bukola Saraki, and the...
The complaints over shortage of lower denomination of the Naira by citizens may soon end as the Central Bank of Nigeria (CBN) on Tuesday began an...
About three years after the Central Bank of Nigeria (CBN) doled out N100 billion to the 36 state governments for ranch construction on the directives of...
Following the Senate’s refusal to consider President Muhammadu Buhari’s nominees to fill the vacancies in the Monetary Policy Committee (MPC), the Central Bank of Nigeria (CBN)...
Shareholders of Money Deposit Banks (MDBs) and discount houses in Nigeria expecting dividends for their investments have had their hopes dashed. The Central Bank of Nigeria...
Despite the looming threat of Nigeria’s expulsion from the Egmont Group, a 152-nation network of national financial intelligence units, the Senate and House Committees on Anti-Corruption...
President Muhammadu Buhari has nominated Mr. Edward Lametek Adamu to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). This is...
The Central Bank of Nigeria (CBN) is set to revoke licences of more than 15 mobile money operators that have increasingly found it difficult to operate...
Nigeria’s foreign reserves have risen to $40.4 billion, the highest level dating back to October 2014. The figure represents an increase of about $1 billion between...
With the December 31, 2017 deadline set by the Central Bank of Nigeria (CBN) for Micro-Finance Banks (MFBs) to enrol their customers on the Bank Verification...
The National President, Rice Farmers Association, Aminu Goronyo, Wednesday in Abuja promised Nigerians that the price of a 50kg bag of locally produced rice would crash from...
The House of Representatives has revealed that officials of the Central Bank of Nigeria (CBN) and Federal Inland Revenue Service (FIRS) have shunned 14 invitations extended...
The Senate Wednesday revealed that the refusal of some officials of government to honour its invitation for the consideration of templates contained in the 2018 budget was frustrating...
The Abuja Division of the Federal High Court, Wednesday, citing “awkward and unfortunate result”, modified the orders it made on October 17 which directed 19 commercial...
The Senate has indicted the Central Bank of Nigeria (CBN) for regulatory failure in the alleged illegal repatriation of $13.9 billion by telecommunications company, MTN. Adopting...
As President Muhammadu Buhari prepares to lay the 2018 appropriation bill before the National Assembly, some 36 statutory bodies have not submitted their 2017 budget proposal...
Ebun-Olu Adegboruwa, a lawyer, has described the order granting forfeiture of funds in accounts without Bank Verification Number (BVN) to the Federal Government as “manifestly illegal”....
In an aggressive drive towards shoring up its revenue base, the Federal Government has through Nnamdi Dimgba, a judge of the Federal High Court, Abuja, secured...
The Governor of Kebbi, Abubakar Bagudu, has stated that Nigeria could not have recovered from recession “early” if not for President Muhammadu Buhari’s prioritization of agriculture...
President Muhammadu Buhari Friday approved the appointment of Tunde Lemo, a former deputy governor of the Central Bank of Nigeria (CBN), as the Chairman of the...
The Central Bank of Nigeria (CBN) is threatening to sanction exporters who fail to repatriate foreign exchange (forex) proceeds from their businesses into the economy. CBN...
President Muhammadu Buhari has presented Mrs Aishah Ahmad to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). She is to...
