The Central Bank of Nigeria, CBN, has said that it sold $4.47 billion forex to authorised dealers between April and May, 2019. The CBN stated this...
The Central Bank of Nigeria (CBN) has disclosed the duration period under which Deposit Money Banks (DMBs) should resolve different transaction issues lodged by their customers....
The Customs Comptroller-General, Retired Col Hameed Ali on Thursday said more than 200 of his men lose their lives to smugglers yearly, in their bid to...
The President of the Lagos Chamber of Commerce and Industry, Mr Babatunde Ruwase, has demanded the reversal of the new import duty exchange rate set by...
The Buhari Media Organisation, BMO, has described as false, a report by the United Nations Conference on Trade and Development(UNCTAD) that Nigeria’s Foreign Direct Investments(FDI) plunged...
The Central Bank of Nigeria (CBN) Friday disclosed its intentions to engage authorised currency dealers in a meeting to discuss development in the foreign exchange market....
The Central Bank of Nigeria (CBN) has concluded plans with Deposit Money Banks (DMBs) to disburse funds under the Creative Industry Financing Initiative (CIFI) The decision...
The Central Bank of Nigeria (CBN) has lamented the economic backwardness faced by the nation despite its brilliant policies. The bank highlighted smuggling and dumping of...
The Central Bank of Nigeria, CBN, Wednesday, continued its intervention in the internet-bank segment of foreign exchange market as it injected another $210 million. According to...
Nigeria’s foreign reserves rose from $42.87bn by March 12 to $44.728bn as of April 12, according to latest statistics from the Central Bank of Nigeria (CBN)....
The Central Bank of Nigeria will conduct a primary market auction on Treasury bills this week, offering a total of N58.5bn across the 91-day (N5.8bn), 182-day...
Following Tuesday’s 50 basis points cut in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), from 14 per...
The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) on Thursday revealed plans to bar criminals from opening bank accounts in...
Nigerians will no longer be able to access foreign exchange for the importation of any form of textile materials from henceforth, as the Central Bank of...
Figures from the Central Bank of Nigeria (CBN) has shown that Nigeria earned a total of N5.54 trillion from oil and gas revenue in 2018. According...
The poor remittance levels of the 11 electricity distribution companies (Discos) in Nigeria’s privatised power market may have defeated the aim of the N701 billion bailout...
The Independent National Electoral Commission (INEC) in Jigawa State has recruited 20,000 ad-hoc staff for the upcoming Presidential and National Assembly elections. The Resident Electoral Commissioner...
New figures released by the Central Bank of Nigeria (CBN) has shown that the Federal Government recorded a deficit of N3.4 trillion in its financial operations...
The Central Bank of Nigeria (CBN) has injected another $210 million into the foreign exchange market in continuation of its intervention in the Inter-Bank Foreign Exchange...
The fourth quarter 2018 report just released by the Central Bank of Nigeria, CBN, has shown that currency in circulation as at the end of December,...
Nigeria’s foreign reserve has declined to $42.86 billion, the lowest in two months, data obtained from the Central Bank of Nigeria, CBN, showed on Sunday. The...
In other to fully comply with Federal Government’s cashless and TSA policies, the Nigerian Airspace Management Agency (NAMA) has said that it will no longer take...
The Central Bank of Nigeria, CBN, has said that the Federal Government recorded fiscal deficit of N910.41 billion in the fourth quarter of 2018. The CBN...
The Central Bank of Nigeria, through its Purchasing Manager’s Index Survey report, has said the Production level, new orders, supplier delivery time, employment level and inventories...
The Central Bank of Nigeria, CBN, on Monday said there is no truth in a report alleging that faceless agents, backed by regulators, were exploiting the...
The Central Bank of Nigeria. CBN, has given the Association of Bureaux De Change Operators of Nigeria, ABCON, a no objection approval to launch an initiative...
The Central Bank of Nigeria, CBN, has said it recorded a foreign exchange inflow of $40.93 billion between January and September 2018. According to the CBN...
Banks and Telecommunications operators in the country, Tuesday, traded blames over the rising cases of financial frauds perpetrated in the country through telecommunications networks. The financial...
ASSOCIATION of Bureaux De Change Operators of Nigeria, ABCON, has called on the Central Bank of Nigeria, CBN, to implement provisions of its 2014 circular which...
Each branch of Deposit Money Banks (DMBs) in the country that pays out counterfeit or mutilated banknotes will be fined N1 million, the Central Bank of...
The Asset Management Corporation of Nigeria (AMCON) has begun a search for new investors to take over Polaris Bank. The corporation, which is already taking stock...
The Minister of Agriculture, Chief Audu Ogbeh, has commended the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for introducing a list of restricted...
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) has granted approvals in principle for the merger of Access and Diamond banks....
The Central Bank of Nigeria (CBN) on Friday, intervened in the Retail Secondary Market Intervention Sales by injecting the sum of $263 million, the first in...
The Central Bank of Nigeria (CBN) has plans to raise a total of N1.809 trillion from the debt market, in the first quarter of 2019. The...
MTN Nigeria Communications Limited, and the Central Bank of Nigeria (CBN) have settled their differences over the $8.1 billion demanded by the apex bank, out of...
Foreign Portfolio Investors (FPI) withdrew more than N94.4 billion in the third quarter of 2018 from the capital market, a member of the Central Bank of...
Figures released by the Central Bank of Nigeria (CBN) have shown that Nigeria’s foreign reserves rose by $1.518bn from $41.523bn on November 22 to $43.041bn as...
The Central Bank of Nigeria (CBN) has warned banks in the country to enhance their reporting on fraud related cases in accordance to its directives, adding...
There are conflicting reports trailing the move by Access Bank Plc to acquire Diamond Bank Plc, after denials by both banks that they are in merger...
A report by the Central Bank of Nigeria (CBN) has shown that Nigeria recorded $4.54 billion in deficit in the provisional Balance of Payments estimates for...
The Minister of Budget and National Planning, Senator Udo Udoma has predicted that Nigeria’s economy will grow by three percent in 2019. The minister also said...
The Central Bank of Nigeria (CBN) has concluded plans to setup a National Micro Finance Bank to enhance financial inclusion, and credit to the agricultural sector...
The Central Bank of Nigeria (CBN) has said it was ready to partner with the Economic and Financial Crimes Commission (EFCC) in order to expose and...
Revenue acruable to government from non-oil exports dropped to N258.93 billion in October from N354.38 in September. The figure is also far below Nigeria’s monthly budget...
The Central Bank of Nigeria (CBN) has revealed that the country recorded a decline in its monthly food import bill from $665.4 in January 2015 to...
The Central Bank of Nigeria (CBN) has said that it expects inflation rate in the country to increase to 11.4 percent for the remaining part of...
The Federal Government has said it is partnering with the African Development Bank, AfDB, to establish a $500 million fund with the purpose of financing technological...
The Federal Government has lost about N796.77 billion from its revenue projections in the third quarter of 2018, according to data compiled by The Guardian.The development...
The Nigerian National Petroleum Corporation (NNPC) has said its crude oil and gas export sale in August 2018 was $470 million, indicating an increase of about...
