The Central Bank of Nigeria (CBN) has said Nigeria is leading other Africa nations and one of the top five (5) globally in remittances inflows. CBN...
A Federal High Court sitting in Lagos has adjourned till December to hear a case between MTN Nigeria and the Central Bank of Nigeria (CBN) in...
The Emir of Kano, HRH Muhammadu Sanusi II, has said that Nigeria is not an oil-rich country. He said, given the quantum of oil Nigeria produces...
In a bid to tackle the challenges of inadequate capital in microfinance banks (MFBs) in the country, the Central Bank of Nigeria (CBN) has raised the...
A hearing in the court case between MTN and the Central Bank of Nigeria (CBN) in a disagreement over the alleged repatriation of $8.1 billion by...
As the 2019 general elections draw near, some commercial banks plan to cut lending to avert risks, Ike Chioke, Managing Director, Afrinvest West Africa Limited, has...
The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said it is better to maintain stable exchange rate to avoid Naira depreciation than to...
The International Monetary Fund (IMF) has said Nigeria needs to be cautious of the current depletion in its foreign reserves, noting that the normalization of interest...
The Central Bank of Nigeria (CBN) said it expects to maintain its tight monetary policy stance until the inflationary pressures ease towards it target band as...
The Federal Government has assured Nigerians that everyone responsible for the failure of the defunct Skye Bank will be prosecuted. The Minister of Finance, Zainab Ahmed,...
The Central Bank of Nigeria (CBN) has blamed the steady decline in the nation’s external reserves on higher yields in the United States. CBN Director of...
It was on Friday evening and I was just making plans on how best I could maximise the weekend when the news broke that the Central...
The Central Bank of Nigeria (CBN) says there was an increase in the demand for corporate credit from all business sizes in the third quarter of...
MTN Nigeria has dragged the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation to court to seek relief over a $10.1 billion demand....
The Special Presidential Investigation Panel for the Recovery of Public Property would soon commence recovery of about seven billion dollars bailout fund it granted commercial banks...
Barely two weeks after the Central Bank of Nigeria (CBN) directed MTN Nigeria Communications Limited to refund $8 billion over alleged illegal repatriation of shareholders’ dividends,...
The Emir of Kano, Sanusi Lamido Sanusi, has exonerated former Presidents Shehu Yar’adua and Goodluck Jonathan, saying they did not influence him while he was the...
The Central Bank of Nigeria, CBN, has said importers of substandard products will not be accommodated in the currency swap agreement it signed with the People’s...
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to approve the disbursements of Renminbi (Chinese Yuan)...
Nigeria’s Consumer Price Index (CPI) further dropped for the 16th consecutive month in May, moving the index closer to the Central Bank of Nigeria’s (CBN) target,...
The average daily loan requests by banks from the Central Bank of Nigeria (CBN) rose to N216.34 billion amid tight monetary policy by the apex bank,...
As part of the measures to ease the stress by Nigerians seeking foreign exchange for their traveling arrangements, the Central Bank of Nigeria (CBN) has issued...
Muhammed Sanuli II, the Emir of Kano and a former Governor of the Central Bank of Nigeria (CBN), has called on African nations to embrace regional...
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) may consider lowering its main lending rate for the first time in almost two years, as...
The Central Bank of Nigeria (CBN) has said the Nigeria-China currency swap deal will not cover the importation of the 41 items already prohibited from the...
By Immanuel James Ibe-Anyanwu… Times have changed in Nigeria and investigative journalism, once the talisman that freed truth from darkness, is now hardly at work. But...
Investors with shares in the banking sector on the Nigerian Stock Exchange, NSE have lost over N100.8 billion in two trading days of the week following...
The Central Bank of Nigeria (CBN) is set to revoke licences of more than 15 mobile money operators that have increasingly found it difficult to operate...
No state in the southern Nigeria has volunteered to provide land to the Federal Government to set up cattle colonies in order to address the incessant...
The House of Representatives has yet to investigate the N100bn disbursed to some states by the Central Bank of Nigeria to build cattle ranches, one year...
The Federal Government has faulted the latest ranking and downgrading of the Nigerian economy from B1 stable to B2 stable by Moody’s Sovereign Rating. The federal...
Office of the Accountant-General of the Federation, OAGF, is having trouble reconciling revenues being paid into the Treasury Single Account, TSA. Its difficulties arise from the...
The total amount of stamp duty collected on deposits in bank accounts across the Deposit Money Banks has yielded N13bn to the Federal Government, investigation has...
There are every indication that the Central Bank of Nigeria (CBN) may succumb to the call by the operators at the parallel market to have direct...
In its bid to stabilize and improve on recent gains made by Naira against the Dollar, the Central Bank of Nigeria (CBN) on Monday directed all...
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has again retained interest rates at record high of 14 per cent. The committee made this...
The 2017 financial year may begin on a shaky note for the ministry of finance and some government agencies and parastatals. Informed sources have revealed that...
The accretion of Nigeria’s foreign exchange (forex) reserves, which started about two months ago, continued in the new year, when figures released yesterday by the Central...
The long queues that have returned to most banking halls and at ATM pots, across Nigeria, have been blamed on the CBN failure to meet cash...
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, at the MPC confirmed that there will be no downward review of the high...
The monthly Manufacturing Purchasing Managers’ Index (PMI), of the real sector suffered a 14.5 per cent decline in the month of October 2016, according to the...
In desperation to fight scarcity of dollars, Nigerian banks have placed indefinite suspension on depositors’ use of automated teller machine (ATM) card and online services in...
Airline operators in Nigeria can now heave a sigh of relief, especially, if the current move by the Minister of State (Aviation), Hadi Sirika in convincing...
Bank workers in the country may be in for a better deal over the security of their jobs as the e Bankers Committee, Wednesday stopped retrenchment...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which has just concluded its two-day meeting today, voted to retain the benchmark interest...
Lack of synergy between the Central Bank of Nigeria (CBN) and other banks has stalled disbursement of the seed funds for start-ups. In its bid to...
Skye Bank Plc, one of Nigeria’s so-called strategically important banks (SIBs), came under the hammer of the Central Bank of Nigeria (CBN) on Monday as the...
Statistical data from the Central Bank of Nigeria (CBN) Tuesday show that the Naira gained for the second day of trading without a peg after the CBN...
For the second day, the naira has depreciated to N286 per dollar as the Central Bank of Nigeria (CBN) sold $2 million dollars in interbank market...
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,...
