The Presidency has assured that President Bola Tinubu’s administration would remain relentless in working on policies that will strengthen the Naira. Tinubu’s Special Adviser on Economic...
Amid a headwind of challenges ranging from multiple taxation, forex scarcity, and low patronage of locally produced goods, the debt owed by manufacturers to banks in...
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) to provide clarification over alleged...
The recent move by the Central Bank of Nigeria (CBN) to clear the FX backlog owed to Foreign Portfolios Investors is viewed as a move that...
The Central Bank of Nigeria (CBN) has debunked reports making the rounds that it was planning to redenominate or restructure the naira notes in 2024. The...
The Economic and Financial Crimes Commission (EFCC) has reportedly arrested and detained the embattled ex-Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, hours after...
The Lagos Chamber of Commerce and Industry (LCCI) has urged the CBN to adopt creative financing options for clearing the short to medium-term backlog of foreign...
The Central Bank of Nigeria (CBN) Ways and Means Advances has cost the Federal Government a whopping N912.32bn to service in the form of interest in...
The Senate, on Tuesday, kicked against any attempt by President Bola Tinubu to use the Central Bank of Nigeria (CBN) Ways and Means to finance the...
The Federal Government said the special investigator, Jim Obazee, has conducted an audit report on the Central Bank of Nigeria (CBN) and it would be released...
The Central Bank of Nigeria (CBN), on Friday, said its newly appointed governor, Olayemi Cardoso, has subscribed to relevant oaths required to resume to his position...
The Central Bank of Nigeria (CBN) has postponed the Monetary Policy Committee (MPC) meeting slated for next week, days after the apex bank’s leadership was changed....
The Central Bank of Nigeria (CBN) has unveiled a new online platform for the submission of microfinance bank (MFB) licence applications. The CBN’s Director of Corporate...
In the next two weeks, the Central Bank of Nigeria (CBN) intends to inject $10 billion into the foreign exchange market to clear the forex backlog...
The Central Bank of Nigeria (CBN) has announced a number of operational modifications for the Bureau De Change (BDC) segment in an effort to increase the...
The Central Bank of Nigeria (CBN) has rubbished a report by JP Morgan on the status of Nigeria’s foreign reserves which sparked concerns over forex liquidity...
The money supply in Nigeria increased to N64.9 trillion in July 2023, the money and credit statistics report obtained from the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) on Friday released fresh guidelines for the sale of foreign exchange by Bureau De Change (BDC) operators in the country....
Human rights attorney Femi Falana has stated that the decision by the Central Bank of Nigeria (CBN) under President Bola Tinubu to float the naira is...
In a bid to sanitise the foreign exchange market, the Central Bank of Nigeria (CBN) has introduced a foreign exchange price verification system, specifically designed for importers to...
The plan by the Central Bank of Nigeria (CBN) to intervene in the continued fall of the naira against foreign currencies made a positive impact on...
In a bid to arrest the free fall of the naira at the parallel market, also known as black market, the Central Bank of Nigeria {CBN},...
The Acting Governor of the Central Bank of Nigeria (CBN), Folasodun Sonubi, said on Monday the apex bank would adopt new measures to stabilise the naira...
The Federal Government and the Central Bank of Nigeria (CBN) have been counseled to find other means of controlling inflation in the country other than raising...
After defaulting for several years, the Central Bank of Nigeria (CBN) has released the Consolidated Financial Statements for seven years, the first time it will do...
The rate of inflation in Nigeria has been defended by the Central Bank of Nigeria (CBN), which insisted that it is better when compared to most...
President Bola Tinubu last week appointed a special investigator to probe the activities of the Central Bank of Nigeria (CBN) under the watch of its suspended...
Agusto & Co., a Pan-African Credit Rating Agency, said unpopular policies by the Central Bank of Nigeria (CBN) constrained remittance flow into the country. The credit...
The Central Bank of Nigeria (CBN) has ordered banks to unfreeze the accounts of foreign exchange investment, cryptocurrency and Bureau De Change companies. In a circular...
The Central Bank of Nigeria (CBN) will sanction Super Agents over the activities of Point of Sales (PoS) operators should they breach the guidelines of their...
Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, has disclosed that the financial regulator will intervene in the foreign exchange (Forex) market. The...
The Central Bank of Nigeria (CBN) said the country’s economy is exposed to the fluctuation of prices and rates in the petroleum market and the foreign...
The Central Bank of Nigeria (CBN) is the target of a lawsuit brought by the Socio-Economic Rights and Accountability Project (SERAP) over “the failure to delete...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The House of Representatives has set up an ad-hoc committee to investigate the Central Bank of Nigeria (CBN) over its use of the excess crude account...
The Central Bank of Nigeria (CBN) has stipulated a maximum of 12 years as the tenure of a bank’s managing director or chief executive officer (CEO)....
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTO) to add naira as a payment option for diaspora remittances. CBN said the...
The Central Bank of Nigeria has requested that the country’s Deposit Money Banks and other financial institutions closely monitor any dealings with organisations and individuals in...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The Nigeria Data Protection Commission (NDPC) on Thursday described the Central Bank of Nigeria’s (CBN) new directive to banks on social media as illegal. The apex...
The Central Bank of Nigeria (CBN) has set new transaction limits on contactless payments after issuing guidelines for commercial banks and other financial institutions to adopt....
Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Folashodun Shonubi, Acting Governor, Central Bank of Nigeria (CBN) to delete the provisions in the Central Bank...
The Central Bank of Nigeria (CBN) has directed financial institutions to request their customers’ social media handles, as well as other personal information in a bid...
The Department of State Services (DSS), on Tuesday, denied reports that it stopped lawyers and family of the detained suspended Governor of the Central Bank of...
The Central Bank of Nigeria (CBN) has devalued the naira in the official market with authorised dealers expected to sell the dollar at N664.04/$1 after the...
Justice Inyang Ekwo of the Federal High Court, Abuja, on Tuesday, ordered the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to appear on...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The Nigerian Senate has increased the Central Bank of Nigeria (CBN) ways and means advances to the Federal Government from five per cent to 15 per...
Joshua Ukute, president of the National Association of Microfinance Banks, has reassured depositors that their money is secure despite the Central Bank of Nigeria (CBN) revoking...
