The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said at the weekend the apex bank introduced the Electronic Foreign Exchange Matching System (EFEMS)...
Global credit rating agency, Fitch Ratings has projected that the Central Bank of Nigeria (CBN) would further raise interest rates in the second half of the...
Access Holdings Plc on Monday announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer subject to the approval of the Central...
The Senate Committee on Banking, Insurance and Financial Institutions on Friday, held an interactive session with Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso,...
The director of the banking supervision department of the Central Bank of Nigeria (CBN), Haruna Mustafa, said deposit money banks (DMBs) have been barred from using...
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 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)...
US-based financial firm, JP Morgan, has disclosed that Nigeria’s foreign reserves stood significantly lower than the figure the Central Bank of Nigeria (CBN) claimed the country...
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...
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) 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 (CBN) has issued a new warning to banks and other financial institutions regarding their business relationships with Politically Exposed Persons (PEPs)....
The Central Bank of Nigeria (CBN) has refuted a report that the naira has been devalued and the dollar rate increased to N631. A report emerged...
President Bola Tinubu has hinted that there will be a thorough house cleaning in the Central Bank of Nigeria (CBN) to ensure Nigeria becomes a country...
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has stated that manufacturers and Nigerians will bear the brunt of the 18.5 per cent...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has approved the cancellation of licences issued to 132 microfinance banks operating in Nigeria. Emefele...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged telecoms firms and deposit money banks (DMBs) to consider the interest of financial...
The Nigeria Immigration Service (NIS) has blamed the Central Bank of Nigeria (CBN) for the scarcity of international passport booklets in the country. NIS comptroller-general, Idris...
The Central Bank of Nigeria (CBN) has still not approved the 2022 Annual Financial Statements (AFS) of Unity Bank, and First Bank of Nigeria (FBN) Holdings...
Sterling Bank recorded a 16.64 per cent year-on-year increase in its gross earnings for 2022, closing the year with N175.14 billion. The year before, Sterling Bank...
Sterling Bank was fined N218 million for breaching nine regulations of the Central Bank of Nigeria (CBN), the company’s annual financial statement for the period of...
The Chief Executive Officer of MTN Nigeria, Karl Toriola, said the telecommunications company bore the brunt of the side effect of the Naira redesign policy of...
The operation of Nigerian Breweries was negatively impacted by the Naira redesign policy of the Central Bank of Nigeria (CBN) in the first quarter (Q1) of...
Guaranty Trust Bank (GTBank) was fined N128.6 million by the Central Bank of Nigeria (CBN) for failing to meet several regulatory requirements. Ripples Nigeria gathered that...
The Central Bank of Nigeria (CBN) has delayed approving the component audit of a material subsidiary company of Ecobank Transnational Incorporated (ETI). This has forced Ecobank...
The Central Bank of Nigeria (CBN) didn’t contravene the ruling of the Supreme Court on the phasing out of the old Naira notes, a Partner at...
The Central Bank of Nigeria (CBN) has reacted to a document alleging the apex bank has fixed February 15 and 17 as deadline to deposit the...
Four months ago, the Central Bank of Nigeria (CBN) announced that it was redesigning the N200, N500 and N1,000 notes, a move that shocked many Nigerians....
As the new naira notes went into circulation on Thursday, Nigerian banks are struggling to provide it in abundance as demands overshoot supply in banking halls....
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that the withdrawal policy announced recently could be adjusted after assessment. On Thursday,...
A former Deputy Governor of Central Bank of Nigeria (CBN), Kingsley Moghalu, has said Nigerian leaders are unconcerned about diversified ways of creating wealth. Moghalu while...
The Central Bank of Nigeria (CBN) has responded to remarks by the Minister of Finance, Budget and National Planning, Zainab Ahmed that her office is unaware...
The Central Bank of Nigeria (CBN) has announced the suspension of charges on bank deposits by customers. In a briefing on Wednesday in Abuja, the Governor...
The Executive Chairman of Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has vowed to go after hoarders of naira, as the redesigned currency is set...
The plan by the Central Bank of Nigeria (CBN) to deduct the budget support facility extended to states from their share of the monthly federal allocations...
The Central bank of Nigeria (CBN) has explained the reason there’s a N1.15 trillion difference in the initial amount paid by Strategic Capital Investment Limited (SCIL)...
The Executive Director of Heritage Bank, George Oko-Oboh, has said wheat farmers received N41 billion intervention funds to aid production, at a period availability of the...
On Tuesday, the Central Bank of Nigeria issued a final demand notice to seven companies that benefited from the Anchor Borrowers Programme to repay their N5.67...
For the first time in nine months, Nigeria’s foreign reserves have dropped below $39 billion as Nigeria fails to take advantage of high oil prices. Ripples...
Sequel to the recently held November 6 Anambra governorship election, the All Progressives Grand Alliance (APGA) has said the intention of the Governorship Candidate of the...
The Middle Belt Forum has reacted to the death of a former deputy governor of the Central Bank of Nigeria (CBN) Obadiah Mailafia, which caught political...
Nigerians on social media have recieved with shock, the news of the passing of the former Deputy Governor of Central Bank of Nigeria (CBN), Obadiah Mailafia....
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has assured Nigerians and investors that the apex bank has enough foreign exchange to meet demands....
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 mainstream...
Nigeria recorded $23.60 billion as aggregate foreign exchange inflow into the economy in the fourth quarter of 2020. This was a drop of 35 percent from...
Naira depreciated against the dollar on the black market on Monday by N2, according to data gleaned from abokiFX.com, a website that collates parallel market rates...
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 mainstream...
The nominee for United States’ Securities and Exchange Commission (SEC), Gary Gensler, has described bitcoin as a catalyst for change. Gensler said while SEC under his...
