Bank workers in the country may be in for a better deal over the security of their jobs as the e Bankers Committee, Wednesday stopped retrenchment...
The failure of more than 10 banks to pass a stress test conducted by an international rating agency, Arqaam Capital, has sent a disturbing sign of...
If he has his way, Lagos lawyer, Femi Falana, SAN, would want two former governors of the Central Bank of Nigeria, CBN, probed over loans the...
THE African Development Bank (AfDB) says it will only extend further help towards Nigeria’s recovering from its recession only if it increases taxes, reduce interest rate...
The African Development Bank, AfDB, has faulted the Central Bank of Nigeria, CBN, saying its 14% interest is too high for an economy hoping to get...
Nigeria has concluded plans to raise a total of N129.67 billion in treasury bills next week, even as its foreign reserves recorded its worst slip in September 2016, according to the Central Bank of Nigeria (CBN’s) data,released at the weekend. The apex...
A Senior Advocate of Nigeria (SAN), Femi Falana, has rebuffed the idea of apologising to Charles Soludo for alleging that the former Central Bank of Nigerian...
Nigeria is yet to remit the full value of ticket sales owed to foreign airlines, totaling about $250 million, representing 58 percent of the total amount,...
The Independent National Electoral Commission (INEC) in Edo on Monday said it will take delivery of sensitive voting materials from the Central Bank of Nigeria (CBN)....
Charles Chukwuma Soludo, former governor of the Central Bank of Nigeria (CBN), on Saturday said he ignores ignorant commentaries and was shocked that Femi Falana could...
The Emir of Kano, Muhammadu Sanusi, has blamed various inconsistent policies of governments as the root cause of most of the religious and social crises bedeviling...
Until government finds a lasting solution to abuse in the foreign exchange market, the more than 35 per cent widening gap between the interbank market (official...
Hopes that Nigeria’s economy may be receiving the right treatment for its multifaceted ills were Wednesday queried by a top Central Bank of Nigeria (CBN) official,...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which has just concluded its two-day meeting today, voted to retain the benchmark interest...
The Nigerian Senate on Tuesday commenced debate on the economic recession that has hit the country with its President, Dr. Bukola Saraki making a 14-point recommendation to...
The relative improvement of power supply in Nigeria in the past one month may soon be hampered if the federal government fails to assist the power distribution companies (Discos) to pay$325 million and $1.25 billion debts they owe local and foreign institutions respectively. Most of the loans were secured to...
The Central Bank of Nigeria, CBN, has said that customers of Microfinance Banks, MFBs and Primary Mortgage institutions, PMIs, would be required to undergo Bank Verification...
The Nigeria banking sector suffered more than 50 percent loss in its overnight interbank lending rate on Friday as a result of maturity of Central Bank...
Apparently bowing to various pressures, Nigerian government has resolved to shun foreign loans in preference to sourcing about N2.23 trillion through internal sources for funding the...
The Central Bank of Nigeria, CBN, has threatened to sanction Deposit Money Banks, DMBs, frustrating its intervention in the power sector through the Nigeria Electricity Stabilisation...
The Consumer Protection Council (CPC) is launching investigation into the operations of Resort Savings and Loans (RSL) Plc, a Lagos-headquartered mortgage bank, over several allegations of...
The only means of early revival of the present economic crisis is for Nigeria to deliberately devote the two special banks: Bank of Industry, (BoI) and...
The Central Bank of Nigeria, CBN, has lifted the ban placed on banks suspended from dealing in foreign exchange. The lift of the ban was announced...
Detectives of the EFCC say they have uncovered how a $200 million fine paid by Julius Berger and four other companies named in the Halliburton bribery...
The Nigeria Labour Congress, NLC, has called on Nigerian workers to take their destinies in their hands in the face of the current economic crisis in...
The Nigerian economy seems still in the low as its Central Bank Economic Report for the Second Quarter 2016 indicates a budget deficit of well over...
The Federal Government is considering probing the tenures of two former Central Bank of Nigeria (CBN) governors, Prof. Charles Chukwuma Soludo and Alhaji Sanusi Lamido Sanusi....
Uneasy calm gripped officials of the Nigeria Civil Aviation Authority (NCAA), at the weekend, over the resurrection of an alleged diversion of about $100 million Bilateral...
Two conditions that can save Nigeria from experiencing collapse of factories and having dried goods on the shelves are for the Federal Government to reduce interest...
After an improved earning from the Federation Account in June, the July allocation to the three tiers of government for July dropped from N559.032 to N443.663....
The non-performing loans (NPLs) in Nigerian banks rose from 68 per cent in 2015, to 78 per cent in May 2016. According to the Central Bank...
The suspension of nine commercial banks from participating in Nigerian foreign exchange market has resulted in investors selling off their shares in panic at reduced values...
The Central Bank of Nigeria (CBN) has readmitted United Bank for Africa (UBA) Plc into the foreign exchange (forex) market after the commercial bank hurriedly remitted...
The Central Bank of Nigeria (CBN) has brought down the hammer on nine banks for flouting extant financial regulations. The apex bank has banned them from taking...
For the third consecutive weekends, Nigeria’s overnight interbank lending rate has maintained a steady rise, hitting above two-digit percentage rise. The rate in the months of...
First Bank of Nigeria has said the bank has no hidden account of Nigerian Ports Authority (NPA) with it. In a statement filed at the Nigerian...
Despite assurances from the Central Bank of Nigeria(CBN) that Skye Bank is healthy, its big-time depositors are still reluctant to return their massive withdrawals from the...
The Central Bank of Nigeria, CBN, has increased banks’ weekly dollar sales to Bureaux De Change, BDCs, from Diaspora-related foreign exchange, from $30,000 to $50,000. This...
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, Saturday, defended the decision of the apex bank to increase interest rate, adding that...
Three banks in the country may have run into turbulent waters over their alleged involvement in fraudulent practices in the management of Nigerian Ports Authority, NPA,...
The Central Bank of Nigeria, CBN, has said that banks would be required to notify it and also offer explanations before sacking staff up to a...
A former Minister of Aviation, Femi Fani-Kayode has launched a series of attacks on the administration of President Muhammadu Buhari. Fani-Kayode, in his characteristic caustic and...
There is palpable fear among bank workers in the country as the Central bank of Nigeria (CBN) has directed that they all declare their assets. The...
Panic and buck passing now trail threat of total blackout in Nigeria which may commence next week, following the refusal of government ministries, parastatals and agencies...
By Majeed Dahiru… President Muhammadu Buhari came to power with a lot of promise. He enjoyed enormous good will from a cross section of the very...
The Governor of Kaduna State, Nasir el-Rufai, Wednesday, came hard on the decision of the Central Bank of Nigeria to increase its Monetary Policy Rate, MPR,...
External auditors are currently examining the books of Skye Bank Plc to determine the state-of-affairs of the commercial bank, after the Central Bank of Nigeria (CBN)...
More facts have emerged on why the CBN directed banks in Nigeria to cancel 25 per cent of the total $1.9bn (N600 bn) non performing loans...
The Central Bank of Nigeria, CBN, on Tuesday directed authorised dealers to sell foreign exchange cash to BDCs subject to a maximum of $30,000 to a...
The recent directive by the Central Bank of Nigeria (CBN) limiting the number of international money transfer operators (IMTOs) from 15 to five has continued to...
