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...
Banking sector’s credit to the private sector rose by N 409.18 billion or 1.35 per cent to N30.55 trillion as of January 2021, compared to the...
Cryptocurrency popularity among Nigerians is growing fast and this has increased its adoption for wealth creation or transaction, despite the Central Bank of Nigeria’s (CBN) clampdown...
The Central Bank of Nigeria (CBN) on Sunday published its long awaited economic report for November of 2020; Here are Ripples Nigeria picks on key economic...
The popular Yoruba rights activist Chief Sunday Adisa Adeyemo, better known as Sunday Igboho, has suddenly become a superstar, a celebrity, for his audacious utterances and...
In one day, Nigerian government, through the Central Bank of Nigeria (CBN) strangled the budding cryptocurrency market in the country, and this decision has sucked the...
Former Vice President and presidential candidate in the 2019 election, Atiku Abubakar, has slammed the Federal Government as well as the Central Bank of Nigeria (CBN),...
The incidence of default on secured credit aggravated between October and December, with lenders expecting no improvement in the trend in the first quarter of 2021,...
Hello, and welcome to the very last Business Roundup for the year. Here, we bring you highlights of events that happened during the week -from the capital...
The Nigerian economy will be much weaker if the prices of goods and services, or cost of living, keep rising, data from the Central Bank of...
The Central Bank of Nigeria (CBN) has approved new minimum capital requirements for payment service providers and other financial institutions in the country in a bid...
The Central Bank of Nigeria (CBN) has introduced special bills aiming to consolidate the nation’s financial markets and make capital more available to lenders. The CBN...
Consumers’ overall outlook on the Nigerian economy was bleak in the third quarter, as they were pessimistic in their outlook, the Central Bank of Nigeria (CBN)’s...
Nigeria’s manufacturing sector shrank for the sixth straight month in October, the Central Bank of Nigeria (CBN)’s Purchasing Managers Index Survey Report showed on Tuesday. Manufacturing...
Nigeria’s foreign reserves fell by $50.83 million from $35.75 billion to $35.69 billion in the ten-day period between 2nd and 12th October 2020, data from the Central Bank...
The Director of Financial Policy and Regulation at the Central Bank of Nigeria (CBN), Mr. Kevin Amugo, said on Tuesday Nigerian banks recovered about N50.32million bad...
Nigeria’s Manufacturing Purchasing Managers’ Index (PMI), which measures the direction of trends and developments in the manufacturing industry, tightened for the third successive month at 44.9...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Monday the apex bank had funded about 20 projects valued at ₦26.278 under its...
Nigeria’s foreign reserves depleted by $454 million from $36.572 billion to $36.118 billion in the 45-day period between 1st June and 15th July, latest data from...
The Central Bank of Nigeria (CBN) Monday directed banks to instantly halt the processing of new imports documents, seeking to bring maize into the country. It...
Nigerians are pessimistic that the country’s galloping inflation rate would hamper the economy further in the next twelve months, data obtained from the Central Bank of...
The Central Bank of Nigeria (CBN) amassed N122 billion from lenders in a move to tighten money supply in its latest round of mopping up excess...
Yield on Nigerian government’s five-year bond shrank by 200 basis points or 2% on Friday with returns falling across maturities after the Central Bank of Nigeria...
Indigenous scientists and research institutes passionate about finding lasting remedies to the coronavirus pandemic would receive the financial backing of the Central Bank of Nigeria in...
A former Deputy Governor of Central Bank of Nigeria, Kingsley Moghalu, Friday charged the Federal Government to commence a far-reaching restructuring and repositioning of Nigeria’s economy....
The Central Bank of Nigeria (CBN) has collected N1.4 trillion ($3.9 billion) from banks in the country with excess cash holdings as part of strategies to...
The Central Bank of Nigeria (CBN) said on Monday it did not charge any fee on COVID-19 loan application as claimed by reports. The CBN’s Director,...
The Central Bank of Nigeria (CBN) Monday suspended clearing of cheques until further notice. The Director of Banking Services at CBN, Mr. Sam Okojere, who disclosed...
The House of Representatives said on Thursday it would investigate the Central Bank of Nigeria (CBN) Anchor Borrowers Programme over non-recovery of N81.5 billion from companies....
The Central Bank of Nigeria on Wednesday announced a N1.1trillion intervention fund to support critical sectors of the economy. The CBN Governor, Godwin Emefiele, who disclosed...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Between 1st January and 12th March this year, Nigeria’s external reserves shed the sum of $2.43 billion (about N888.165 billion) in value, data from the Central Bank of...
The Central Bank of Nigeria (CBN) on Thursday dismissed reports on the impending devaluation of Naira, saying the speculation by unscrupulous players in the foreign exchange...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while...
House of Representatives on Wednesday resolved to investigate some commercials banks over alleged illegal and excess charges on public and private accounts. The lower legislative chamber...
Nigeria lost $408.28 million (about N148.002 billion) in capital flight arising from plunge in Foreign Direct Investment (FDI) between June and September 2019 owing to insecurity...
Nigeria has come a long way in the last 12 months – economically bruising some businesses, structurally implementing some unpopular reforms that cut across sectors and...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Friday over $60 billion had been traded in the Investors and Exporters (I&E)...
The Director-General of the Debt Management Office (DMO), Ms. Patience Oniha, said on Friday domestic borrowing accounts for 68 percent of Nigeria’s total debt profile of...
A new report by the Central Bank of Nigeria (CBN) has revealed that the Federal Government recorded a fiscal deficit of N3.05trillion in its operations between...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that border closure, if sustained for the next two years, was capable of tackling...
The Central Bank of Nigeria (CBN) has asked banks to move their business from telecommunications companies that are working on increasing the charges on unstructured supplementary...
The Central Bank of Nigeria will, on Thursday, auction Treasury bills worth N121.9 billion in the second Primary Market Auction (PMA) of the month of October...
The Central Bank of Nigeria (CBN) in its 2018 annual report for currency operation, released on Tuesday, said it detected a total of 119,663 counterfeit notes...
A Federal High Court in Abuja Monday ordered the temporary freezing of 45 bank accounts belonging to three companies allegedly involved in smuggling of rice into...
