The Central Bank of Nigeria (CBN) has set the stage for the devaluation of the naira, as it said on Wednesday that it will allow the...
The current cash crunch facing the Federal Government became more pronounced on Monday, as the Central Bank of Nigeria, CBN, released it Economic Report for the...
If the Bankers Committee has its way, bank customers will not be able to withdraw more than N10, 000 from across the counter, next time they...
If the Minister of State for Aviation, Hadi Sirika has his way, the paucity of foreign exchange which is already taking a toll on the activities...
Bismarck Rewane, Managing Director, Financial Derivatives Company (FDC) Limited, at the weekend, said the economy is inching closely to recession after monthly oil revenues dipped from...
The Central Bank of Nigeria (CBN) has hinted of plans to move Bank Verification Number, BVN, for Nigerians in Diaspora to June 30, Ripples has gathered....
Staffers at the headquarters of the National Economic Reconstruction Fund, NERFUND, paralyzed business activities on Wednesday, as they accused the agency of mismanagement and embezzlement of...
The Central Bank of Nigeria (CBN) has issued operating licences to 2,998 bureaux de change (BDCs) that met its N35 million mandatory capital base, The number,...
The balance sheets of most of the deposit money banks (DMBs) are bleeding badly as a result of the huge debts portfolio in form of non-performing...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria at the conclusion of its 3rd meeting for the year on Tuesday decided to hold...
Foreign airlines operating in the country are struggling to free about $575 million in generated revenue trapped in the Central Bank of Nigeria, CBN. To this...
In spite of government’s hopes that the removal of subsidy on fuel products will shore up Nigeria’s foreign reserves, the external reserves dropped by about US$200...
The proposal by the Federal Government to invest the N5.4t pension funds in infrastructure development has attracted a lot of criticisms. The fear being expressed by...
The Central Bankof Nigeria (CBN) has disbursed a total N55, 456, 161, 481 to the power sector in a bid to address the nation’s power problems....
Two new generation banks are technically bankrupt, Ripples has learnt. Investigations showed that the Capital Adequacy Ratios (CARs) of these two commercial banks fell below regulatory...
The decision of the Federal Government to increase the pump price of Petrol from N86. 50 to N145 has continued to have rippling effect on the...
The Economic and Financial Crimes Commission (EFCC) may have cast its net wider in its quest to unravel how the alleged N23.29billion poll funds was disbursed...
The Economic and Financial Crimes Commission has frozen the bank account of Marecco Nigeria Limited belonging to a former Secretary to the Government of the Federation,...
The Economic and Financial Crimes Commission has frozen the bank account of Marecco Nigeria Limited belonging to a former Secretary to the Government of the Federation,...
A boost is coming the way of local miners as the Federal Government has concluded plans to give intervention funds to the sector. Giving this hint...
The Central Bank of Nigeria (CBN) has commenced investigation of deposit money banks over alleged malfeasance following manhunt of banks’ chief executives by the Economic and...
The Minister of Transportation, Chibuike Rotimi Amaechi, Thursday, agreed that the secret letter former Central Bank of Nigeria, CBN, Governor, now Emir of Kano, Sanusi Mohammed...
Unable to locate a former minister of Aviation, Femi Fani-Kayode, who has failed to honour invitations extended to him, there are indications that the EFCC may...
A report released by the Central Bank of Nigeria, CBN, has revealed that the Nigerian economy further declined in the month of April. According to the...
Following the arrest, detention and possible arraignment of the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, by the Economic and Financial Crimes Commission over the...
The takeoff date for the proposed currency swap between Nigeria and China is being kept under wraps. Investigation by Ripples at the relevant government agencies including...
The Central Bank of Nigeria (CBN) may sanction Fidelity Bank Plc for infraction over $115 million allegedly lodged in the bank by the embattled former Minister...
Fidelity Bank Plc has defended the $115 million allegedly lodged in the bank by the embattled former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, saying it...
The Central Bank of Nigeria and the Accountant General of the Federation are in a dilemma over how to deal with the Senate request to cancel...
By Femi Fani-Kayode…”The truth is like a lion. You don’t have to defend it. Let it lose and it will defend itself”- St. Augustine. For...
Banks are diverting dollar sales previously allocated to licensed Bureaux De Change (BDC) operators to unlicensed BDCs or currency hawkers, investigation by Ripples Nigeria has revealed....
Blomberg…History is repeating itself in Nigeria, where the more President Muhammadu Buhari is urged to devalue the naira, the more he digs in his heels. Investors...
Operatives of the EFCC have taken a former Minister of Finance, Mrs Nenadi Usman into custody for allegedly collecting N2.5 billion from about N4 billion naira...
The fuel scarcity situation, under which Nigerians have been groaning for some time now, may not go away soon, as it may still linger for some...
Fifty one foreign investors repatriated profits from their investments in equities and Federal Government of Nigeria (FGN) bonds last week. The investors considered Nigeria foreign exchange...
Industrial and Commercial Bank of China Ltd (ICBC) , the world’s biggest lender, and Nigeria’s central bank (CBN) on Tuesday signed an agreement on yuan transactions,...
Diamond Bank Plc and Standard Chartered Bank Limited topped forex utilisation list for last week with combined $38.34 million disbursement to their customers. The two lenders, which respectively...
The Central Bank of Nigeria, CBN, is working out modalities that would enable it disburse estimated N2 trillion refunds expected from the five per cent cut in Cash...
Nigeria’s overnight interbank rate eased on Friday to around 3.5 percent from 5 percent last week, even though liquidity in the system fell as banks set...
By Ope Banwo…We at Change Vigilantes International have closely followed the ongoing national discussions on the allocation of the scarce foreign exchange earned by the Nigerian...
Members of the Bankers’ Committee rose from their 326th meeting held on Thursday in Lagos to declare that the foreign exchange (forex) crisis facing the country...
Fidelity bank said on Monday it had put a N22.4 bn ($113 million) loan to Lagos-listed energy firm Oando Plc on a watchlist and taken a...
The governor of Kogi State, Alhaji Yahaya Bello has denied reports that the state government has received the N40 billion bailout fund from the Central Bank...
The suspension of the Director General of the Pension Transitional Arrangement Directorate, PTAD, Mrs Nellie Mayshak, has been alleged to be the handiwork of a cabal...
Leaders of Food, Beverage and Tobacco Senior Staff Association, FOBTOB, have raised the alarm that the nation may loose three million jobs in the sector if...
The Central Bank of Nigeria, CBN, has approved the sum of N3 million loan for each beneficiary of the Youth Innovative Entrepreneurship Development Programme, YIEDP. This,...
The Monetary Policy Committee met on 21st and 22nd March 2016 amidst dithering global economic prospects and continuing challenges in the domestic economy. In attendance were...
At the end of its two-day meeting, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR)...
The dust raised by the report of the Auditor-General of the Federation to the National Assembly on the indebtedness of the Nigerian National Petroleum Corporation, NNPC,...
The lower legislative chambers has commenced probe of the Central Bank of Nigeria (CBN) over its last staff recruitment exercise. The lawmakers said due process was...
