Foreign airlines in Nigeria have expressed concern over the persistent scarcity of dollars and fall of the naira value, both of which have started having a...
The presidency has reacted to criticisms trailing the directive made by the Central Bank of Nigeria (CBN) to banks to sell dollar to intending hajj pilgrims...
The decision of the Central Bank of Nigeria, CBN, to introduce discriminating exchange rate for importers and pilgrims has attracted criticism from importers. It would be...
There are strong indications that the Central Bank of Nigeria (CBN) has concluded plans to hand over the toxic loans of the distress-prone Skye Bank to...
The capital market will witness a massive return of the banks before the end of the third quarter of the year. It is believed to be...
Stand-up comedian Basketmouth has slammed the Central Bank of Nigeria (CBN) for restricting hundreds of global remittance companies from operating in the country limiting customers to...
In its bid to fight inflation in the country, the Central Bank of Nigeria (CBN) has gone borrowing, targeting the sum of $773.44 million through the...
Bank customers operating savings accounts can now lodge cheques into their accounts as the Central Bank of Nigeria, CBN, has directed banks in the country to...
Lack of synergy between the Central Bank of Nigeria (CBN) and other banks has stalled disbursement of the seed funds for start-ups. In its bid to...
The Central Bank of Nigeria (CBN) has directed commercial banks to immediately start the process of extending dollar loans to their customers. This is seen as...
The management of Sterling Bank Plc at the weekend said the commercial lender is concluding arrangements to raise N35 billion tier 2 capital in the second...
In its efforts of sheltering Skye Bank from going under, the Central Bank of Nigeria (CBN) has doled out a total sum of N100 billion in...
Nigeria’s ranking by the international rating agency, Fitch has suffered a downgrade. The agency, which usually classifies the country under the code-name: Lagos State, has in its current Long-Term Local Currency (LTLC) Issuer Default Rating (IDR) reduced its ‘BB-‘ grade,...
There was a remarkably drop in the number of electronic fraud-related cases in Nigeria last year, compared to the previous year, with 63 per cent reduction...
A former Deputy Governor of Central Bank of Nigeria, CBN, Rev. Tunde Lemo, has said that state governors are responsible for the current sorry state of the...
A recent survey has rated Nigeria higher in the use of Automated Teller Machines (ATM) than countries like Ghana, Switzerland, and others in the middle belt....
Nigerian equities halted a six-day downtrend on Tuesday as bargain-hunters increased buy orders for several equities that had been substantially undervalued by recent depreciation. Equities rallied...
In a bit to halt the spiralling inflation rate in the country and the continuous downward trend of the naira, the Central Bank of Nigeria (CBN),...
In another attempt at firming up the local currency, the naira, the Central Bank of Nigeria (CBN) has ordered banks to record and publish details of...
Apparently disturbed by the continuous slide of the naira, the Central Bank of Nigeria on Friday rose to the challenge by injecting $5 million to the...
Following what it described as “an increase in volume of non-performing insider loans|” in Nigerian banks, the NDIC says it is devising a new approach in...
More facts have emerged on why the CBN had decided to provide a short-term loan to Skye Bank following its replacement of top executives for failing...
The last may not have been heard of the under current moves aimed at selling one of the nationalized banks, Keystone Bank which has been stalled. This is against the backdrop...
The Governor of Nigeria’s Central Bank, Godwin Emefiele, Tuesday, insisted that the country’s financial system is still strong despite astronomical inflation rate and economic stagnation. The...
A new directive of the Central Bank of Nigeria, CBN, has made it acceptable for deposit money banks in the country to allow customers to open...
Players in the Nigerian economy have continued to count their losses occasioned by the recent introduction of a the new foreign exchange policy by the Central...
The Nigerian Economists Society, NES, has faulted the flexible exchange rate policy introduced by the Central Bank of Nigeria, CBN, saying such policy cannot work in...
A Director General of a parastatal under the Ministry of Foreign Affairs, and 24 others are in trouble with the EFCC over the illegal withdrawal of...
Temporary reprieve came the way of the former Director of Media and Publicity for the Peoples Democratic Party, PDP, Presidential Campaign Organisation, Chief Femi Fani- Kayode,...
Initial surveillance reports by the Central Bank of Nigeria (CBN) and management report by the new management have indicted the former board and management of Skye...
As part of measures to finance budget deficit, the federal government on Friday sold a total of N190 billion ($673.76 million) in treasury bills. Reuters reports...
The change of leadership at Skye bank may be taking a toll on the fortunes of the company, Ripples Nigeria has gathered. Reuters reports that the...
I have some very good friends in Skye Bank. One of my good friends used to be their Treasurer before he left. So you can imagine...
Following the decision of the Supreme Court in a case involving a former Managing Director of Finbank Plc, Okey Nwosu, the EFCC, is set to re-arraign...
Against growing apprehensions by the banking public, the new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has said the bank remains...
Skye Bank Plc, one of Nigeria’s so-called strategically important banks (SIBs), came under the hammer of the Central Bank of Nigeria (CBN) on Monday as the...
The Central Bank of Nigeria (CBN) on Monday perfected the take over of the management of Skye Bank Plc, in a cursory and ironic blow reminiscent...
The Central Bank of Nigeria, CBN, has set aside a total of N2.5bn for members of the National Youth Service Corps, NYSC, with good business ideas....
The new foreign exchange policy of the Central Bank of Nigeria, CBN, has sent foreign travel airfare over the roof, sending tickets prices some 57 per...
The Central Bank of Nigeria, CBN, has said plans are on to have Bureau De Change, BDC, operators participate in the flexible exchange rate inter-bank market...
The Naira on Monday closed at N282 to the dollar, indicating a very marginal decline when compared with the closing figures for Friday. The Central Bank...
The Naira on Friday fell to N281 to dollar despite dollar injection worth $58 million into the market. The dollar supply was the fifth in row...
The President of Dangote Group, Mr. Aliko Dangote on Friday said he plans to spend $12 billion on Nigeria’s first private crude oil refinery billed to...
The Naira strengthened against the dollar to close at 281.50 to the dollar on Wednesday, its first daily gain since the Central Bank of Nigeria (CBN)...
Statistical data from the Central Bank of Nigeria (CBN) Tuesday show that the Naira gained for the second day of trading without a peg after the CBN...
For the second day, the naira has depreciated to N286 per dollar as the Central Bank of Nigeria (CBN) sold $2 million dollars in interbank market...
A former Director of Finance of the moribund Air Nigeria, Mr. John Nnorom, has told the Senate how businessman Jimoh Ibrahim crippled the airline. Nnorom was...
By Sonala Olumhense…Finally, the Nigerian government has practically devalued the naira. Given the nation’s economic and fiscal realities, action in that direction had been expected...
There are hopes that the price of the naira may rise further as the Central Bank of Nigeria on Monday stated its resolve to clear all...
The upswing orchestrated by the release of the guidelines for the implementation of the new foreign exchange (forex) of the Central Bank of Nigeria (CBN) continued...
