Office of the Accountant-General of the Federation, OAGF, is having trouble reconciling revenues being paid into the Treasury Single Account, TSA. Its difficulties arise from the...
The 0.55 per cent Gross Domestic Product (GDP) growth rate, which pulled Nigeria out of its 15-month recession, is still fragile, the Monetary Policy Committee (MPC)...
The recent downtrend at the Nigerian equities market continued on Tuesday with a net capital loss of N141 billion as the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) Monday restated its decision to sanction any Deposit Money Bank (DMB) which failed to comply with its earlier instructions to...
THE top five banks in the country recorded N363 billion decline in customers’ deposit in the first half of 2017, H1’17, reflecting their inability to meet...
The Central Bank of Nigeria (CBN) has, in continuation of its naira intervention policy, injected $250m into the interbank foreign exchange market. Isaac Okorafor, Acting Director,...
One of the Big Four consulting firms, PricewaterhouseCoopers (PwC), has in a recent report laid out the external debt-associated risk to the devaluation of the naira....
Foreign investors’ confidence in the economy is rising. The feat is attributed to the $14.1 billion combined foreign exchange (forex) deals from the Investors’ & Exporters’...
Nigeria’s overnight lending rate dropped to 12 per cent on Friday after the earlier sharp rise by almost 100 per cent on Wednesday due to a...
The much famed N701.9 billion Payment Assurance Fund (PAF) meant to provide more liquidity for Generation Companies (GenCos) to pay for gas and increase electricity supply,...
Despite claims of neglect and abandonment, investigation has revealed that governments of oil-producing states in Nigeria had over the years, failed to utilize the resources provided...
The Federal High Court in Lagos Wednesday struck out the suit filed by the Federal Government against seven commercial banks accused of breaching government’s Treasury Single...
Nigeria’s external reserve has risen to a two-year high of $31.2 billion even as the naira appreciated to N367.5 kobo at the Investors & Exporters (I&E)...
The nation’s stock of foreign exchange reserves has recorded an upward swing to $31 billion, after declining to a near $30 billion mark two months ago...
Despite the incentives put in place by the Nigerian Shippers’ Council (NSC) to woo organised private sector to draw from its $1.5 billion loan facility known...
Respite may have come the way of 9mobile, as feelers from the consortium of banks it owes $1.2 billon is that they are willing to wait...
The Treasury Single Account (TSA) policy has enabled the Federal Government to save N4billion monthly from charges that banks collected on its numerous accounts, The Nation...
In line with its aggressive foray into the foreign exchange (forex) market as well as to further enhance forex flow in the economy, the Central Bank...
The Central Bank of Nigeria (CBN) Tuesday, warned that Nigeria’s economy may relapse into a protracted recession, citing the N2.5 trillion budget deficit recorded by the...
What can be described as a severe cash crunch situation has started hitting Nigerian banks and may worsen unless the Central Bank of Nigeria(CBN) puts urgent...
The Nigeria Natonal Petroleum Corporation (NNPC) has denied involvement in illegal hiding of funds with some banks in breach of the Treasury Single Account (TSA) policy...
In its bid to attract more foreign investments and meet its projected 30 per cent increase in dollar supply in the forex market, the Central Bank...
Although it pegged the exchange rate at N305 to $1, the Senate, on Thursday instructed the Federal Government to peg the exchange rate to Nigerians embarking...
By Churchill Obinna Okonkwo Nigerian problem is like Lagos traffic, long, complex, and ugly. I have been attempting to solve the complex equation – Nigeria, and...
The Nigerian Communication Commission (NCC) is said to have succeeded in brokering a deal to resolve the impasse that has greeted Etisalat’s business relationship with its...
Manufacturers are yet to accept the Central Bank of Nigeria’s (CBN) latest data projecting the real sector as having witnessed four per cent growth for three...
Findings have revealed that bank customers in Nigeria lose at least N20 million monthly to robbers and other criminals using the point of sales (POS) devices....
Although the Central Bank of Nigeria (CBN) is yet to formally lift the ban on commercial banks going for dollar denominated loans, some of the banks...
Barely 48 hours of the Central Bank of Nigeria (CBN) mopping up excess currency in circulation in Nigeria, with sale of N133.24 billion in Treasury Bills,...
Acting President Yemi Osinbajo, SAN, has signed into law two bills from the National Assembly to facilitate access to more affordable credit for Nigerians. The bills...
Nigerian equities regained their uptrend on Tuesday as investors continued bargain-hunting for value stocks. After breaking a four-day consecutive rally with a loss of N12 billion...
Again, expectations of experts that Nigeria’s benchmark interest rate would drastically come down has been dashed, as the CBN-led Monetary Policy Commiittee (MPC) rose from its...
The Senate has expressed concern over the failure of government agencies to submit their 2017 budget proposal to the National Assembly in line with extant law....
The Central Bank of Nigeria has been ordered by the Court of Appeal to reveal the total sum of cash and value of properties recovered from...
The Jonathan administration allegedly overruled the board of the Central Bank of Nigeria (CBN) in disbursing more than $500million cash to security agencies as Special Intervention...
In continuation of its policy to sustain dolliar availability, the Central Bank of Nigeria (CBN) has pledged to create a special dollar auction sale session for...
Former Governor of Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has identified introduction of politics into Nigeria’s foreign exchange policy as the main reason Nigerian...
The Central Bank of Nigeria has yet again begun plans to offer $100 million in forwards at an auction on Monday to develop liquidity on the...
To sustain naira gain, the Central Bank of Nigeria (CBN) on Friday pumped in a total sum of $388.66 million into the forex market, about 40...
Central Bank of Nigeria governor, Godwin Emefiele on Thursday said that President Muhammadu Buhari was delighted to hear that the forex market is now stabilising. Emefiele,...
For failing to sell dollars to small entrepreneurs, not less than 12 commercial banks have been sanctioned by the Central Bank of Nigeria (CBN), as at...
In apparent acceptance of the criticisms trailing Nigerian government’s ban of some 41 import items from coming into the country, a new move is being made...
The Nigerian Senate appears to have run into a constitutional crisis over the recent requests by the Presidency for the confirmation of Board members of the...
Nigerian equities continued on the uptrend on Thursday as more quoted companies submitted their first quarter report, showing mostly steady performance. The benchmark indices at the...
President Muhammadu Buhari, on Wednesday, re-submitted the name of an 82 year old ambassadorial nominee from Imo State, Justice Sylvanus Adiewere Nsofor who was earlier rejected...
Despite the fact that the Bank Verification Number (BVN) exercise in the country ended in June 2016, the Central Bank of Nigeria (CBN) says it has...
Former Governor of the Central Bank of Nigeria (CBN) Prof. Chukwuma Soludo is certain that Nigeria will soon get out of economic recession regardless of the...
Despite persistent pressure from the International Monetary Fund (IMF) and other institutions on Nigeria to devalue the naira, by floating it, the apex bank says it...
By Achilleus-Chud Uchegbu… Quintus Septimius Florens Tertullianus lived between 155 and 240 AD. He was a conservative theologian who became more popular as Tertullian. He is...
Complaints from a cross section of small and medium-size Enterprises (SMEs) that bureaucracy is hindering their access to foreign currencies has seen the Central Bank of...
