The Central Bank of Nigeria (CBN) has washed its hands of the controversial N15 billion Osborne Towers, Ikoyi, Lagos cash haul. CBN spokesman Isaac Okorafor told...
By Remi Oyeyemi… The Economic and Financial Crimes Commission (EFCC) led by Mr. Ibrahim Magu is engaged in a game. And it is a game of...
In the same manner that education and training equip an individual for success in life, so does financial literacy enhance sound financial decisions and lifetime financial...
President Muhammadu Buhari, Wednesday, forwarded a list of nominees to the Senate for confirmation as Non-Executive Directors of the Board of the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has issued a directive to all deposit money banks to fulfil remittances of five per cent profit after tax (PAT)...
The policy of the Central Bank of Nigeria restricting forex for 41 items has taken a negative toll on businesses in Nigeria’s maritime industry, particularly the...
The Central Bank of Nigeria (CBN) says it will offer dollar equivalent to address the backlog of matured foreign exchange obligations to critical sectors, mainly manufacturers,...
Apparently disturbed by a slight loss in the value of the naira, the Central Bank of Nigeria (CBN) has decided to further increase its volume of...
The Federal Government, has revealed that more of its agencies have joined the loot recovery drive. According to the Attorney-General of the Federation (AGF) and Minister...
Nigerian equities closed the last trading week of the quarter at the weekend with improved buying sentiments as quoted companies rushed to meet Friday March 31,...
The Economic and Financial Crimes Commission has invited more senior officials of the Central Bank of Nigeria as part of investigations into an alleged foreign exchange...
For allegedly soiling his hands, one of the three deputy governors of the Central Bank of Nigeria (CBN) has been suspended over a plot to defraud...
At last Nigeria’s quest to have a Development Bank of Nigeria (DBN) join the conventional commercial banks has become real. The Central Bank of Nigeria (CBN)...
Over the past five weeks, the Central Bank of Nigeria (CBN) through its regular interventions at the foreign exchange market sold over $2 billion dollars to...
There is an apparent glut in the foreign exchange market as the Central Bank of Nigeria (CBN), on Thursday, said of $100 million it supplied to...
The Monetary Policy Committee (MPC), a creation of the Central Bank of Nigeria (CBN), after its Tuesday meeting in Abuja, announced that it has retained the...
An economist has said Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) may maintain status quo on its monetary policy rates. The apex banking...
The Central Bank of Nigeria says it’s new policy of re-introduction of charges on cash withdrawals is aimed at further reducing the volume of liquidity in...
By Joseph Edgar… I would like to send my good wishes to you Mr. president as you resume work after an extended medical vacation. The fact...
A former governor of the Central Bank of Nigeria (CBN) and former governor of Edo state, Adams Oshiomhole on Friday had a brush over the nation’s...
Hope has come the way of the GSM provider, Etisalat Nigeria which is under threat of takeover by a consortium of banks for a $1.72 billion...
The loss of 1.5 per cent by the Nigerian local currency, the naira over dollar, a week after constant appreciation over foreign currencies, especially, the dollar...
The Central Bank of Nigeria is set to pump more United States dollars into the foreign exchange market this weekend, in continuation of its strategy to...
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...
