The Central Bank of Nigeria says it is not against the use of financial technology as the country steps up efforts to enhance its payment system....
The Nigerian government has faulted claims by former Central Bank (CBN) governor, Charles Soludo, that the economy is in a worse state than the Buhari-led All...
Nigeria is to witness introduction of an entirely new set of bonds in its financial instrument market from March 13 2017, which is to target low...
By David Iyofor… My dear Wendell aka Reno, I am not sure how to address you, whether to call you Reno Omokri or Wendell Smilin. This...
Despite the CBN’s new policy said to have seen naira on a steady rise in value in the past one week, experts say the gain may...
The number of domestic airlines in the country has dropped from 150 to eight in the last 17 years, the Nigerian Civil Aviation Authority has said....
As part of efforts to sustain its defense of the naira, the Central Bank of Nigeria (CBN) on Thursday sold $221,371,218.04 to banks in its second...
Following the new policy in the foreign exchange market, which directed commercial banks to open forex kiosks at airports and known shopping malls, hard currency traffickers...
In its latest attempt at shoring up the dwindling fortune of Nigerian currency, the naira, the Central Bank of Nigeria (CBN) on Monday announced a new...
Emir of Kano, Sanusi Lamido Sanusi is not giving up on his desire to bring contemporary reforms within the Muslim communities, especially the Kano emirate. Speaking...
The failure of banks to stop collection of N50 from customers as stamp duty charges is threatening to set the organized private sector against some government...
Contrary to claims that about 20 per cent of the Naira in circulation is fake, the Central Bank of Nigeria (CBN) has said this is not...
The former governor of Delta State, James Ibori, on Sunday declared at a thanks-giving service in Oghara, his homeland, that he was no thief and cannot...
One of the targets of the recently marketed Eurobond deal is to use the goodwill to shore up the Nigeria’s depleted foreign reserves and increase the...
An appeal at making the Central Bank of Nigeria (CBN) reduce its newly reviewed penalty on commercial banks on abuse of foreign exchange (forex) guidelines and...
Bad debts, also known as toxic debts, in the Nigerian financial system, is discovered to have risen from $20 billion to $25 billion between 2014 and...
The long drawn face off between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation (NNPC) over deployment of foreign exchange realized from...
In what seems an unprecedented move, four executive directors of Skye Bank have put in their resignation letters. The Directors who had served in Executive Management...
The Central Bank of Nigeria (CBN) may have concluded plans to offer for sale a minimum of $650 million weekly in the next five months. This,...
Anxiety has gripped motorists and commuters as a new CBN policy on foreign transaction by banks is said to have caused more scarcity of dollars in...
The federal government of Nigeria has lost about N455.9billion, from June 2015 till date, to the foreign exchange policy of the Central Bank of Nigeria (CBN)....
The Manufacturers Association of Nigeria (MAN) has expressed concern over the non-implementation of the Central Bank of Nigeria’s (CBN) directive to banks in the country to...
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has again retained interest rates at record high of 14 per cent. The committee made this...
The House of Representatives yesterday queried the acting managing director of the Bank of Industry (BOI) over the utilisation of the N500 billion power and airline...
Nigerian equities opened this week with a positive outlook as investors jostle to take positions in quoted companies ahead of the earnings reports and dividend recommendations...
The reduced fortunes of a number of indigenous oil companies in Nigerian may have prompted the banking sector to shut the loan window on them for...
Uneasy calm has gripped policy makers as expectations have remained high as the CBN’s Monetary Policy Committee (MPC) commences its two-day first meeting of 2017 on...
Fear that more than 50 manufacturing firms are on the verge of shutting their factories in Nigeria before the end of first quarter of 2017 has...
By Atedo Peterside As part of their 14th Daily Trust Dialogue, the management of Daily Trust requested a presentation from me on “BEYOND RECESSION: TOWARDS A...
No fewer than 315 Federal agencies including the Nigerian Ports Authority (NPA), Nigeria Deposit Insurance Corporation (NDIC) have failed to submit audited accounts to the Office...
Worried by persistent fall in value of the Nigerian currency, the naira, which lost more than 90 per cent value in 2016, the Presidency has given...
Nigeria’s foreign exchange (forex) reserves have increased to $27.223 billion as at January 16, 2017, according to latest figures on the Central Bank of Nigeria’s (CBN)...
Operators in the sector are questioning why the authorities have licenced two Islamic insurance companies to operate in the country. This at a time the Nigerian...
The Federal Government’s hope of getting the country out of recession in 2017 may hit a brick wall if operators in the real sector carry out...
The management of Bank of Industry (BoI) has become ruffled as the Federal Government has concluded plans to appoint a board and management for Development Bank...
More facts have emerged on why the Central Bank of Nigeria (CBN) has stopped its subsidiary, the Nigeria Security Printing and Minting (NSPM), from printing lower...
With virtually all its policies aimed at strengthening the naira not yielding positive results, the Central Bank of Nigeria (CBN) has perfected plans to seek help...
The 2017 financial year may begin on a shaky note for the ministry of finance and some government agencies and parastatals. Informed sources have revealed that...
In an attempt to avoid the situation that hampered execution of Nigeria’s 2016 budget, the Federal Government has concluded plans to borrow about N450 billion, internally,...
There are indications that the forex market liquidity change is far from being resolved as the Naira suffered a major blow Thursday with a bad outing...
The accretion of Nigeria’s foreign exchange (forex) reserves, which started about two months ago, continued in the new year, when figures released yesterday by the Central...
In its bid to ensure that dollar currency is made available to vital sectors of the economy, the Central Bank of Nigeria (CBN) has concluded plans...
More tales of woes visited the Nigerian aviation sector in the month of December 2016 as fuel scarcity and turbulent harmatan haze led to disruption of...
Thousands of Nigerian pensioners were denied their payments during the Yuletide period due to CBN’s misunderstanding with commercial banks over non acceptance of biometric exercise carried...
By Reuben Abati… “How was your Christmas Day?” “Comme ci, comme ca” “What’s that?” “I am speaking French. You mean you don’t even understand elementary French?” “No, I...
Contrary to the CBN expectation that anticipated influx of dollar from Nigerians in Diaspora would sustain the exchange rate of the naira, the local currency on...
The long queues that have returned to most banking halls and at ATM pots, across Nigeria, has been blamed on the CBN’s failure to meet cash...
Five government departments and agencies, which failed to comply with the directive to remit all Federal government funds in their kitty have been given up to...
The fear of many on the credibility of Mavrodi Mondial Money box (MMM) may have become true as more than $700 million belonging to Nigerians, who...
The federal government on Saturday lined out a 10-point fiscal plan in its efforts to get Nigeria out of the recession it has landed itself. The...