The Monetary Policy Committee (MPC) of the Central Bank of Nigeria at the conclusion of its 3rd meeting for the year on Tuesday decided to hold...
Two new generation banks are technically bankrupt, Ripples has learnt. Investigations showed that the Capital Adequacy Ratios (CARs) of these two commercial banks fell below regulatory...
A boost is coming the way of local miners as the Federal Government has concluded plans to give intervention funds to the sector. Giving this hint...
The Central Bank of Nigeria (CBN) has commenced investigation of deposit money banks over alleged malfeasance following manhunt of banks’ chief executives by the Economic and...
The takeoff date for the proposed currency swap between Nigeria and China is being kept under wraps. Investigation by Ripples at the relevant government agencies including...
The Central Bank of Nigeria (CBN) said Wednesday that it was planning to raise N218.89bn in short-dated treasury bills on April 7. The sale...
Former Nigeria leader Olusegun Obasanjo has explained what became of the funds recovered from Nigeria’s best advertised kleptocrat, General Sani Abacha. Calling the court of law...
The Monetary Policy Committee met on 21st and 22nd March 2016 amidst dithering global economic prospects and continuing challenges in the domestic economy. In attendance were...
Artisans and operators of small business in Lagos State may soon be smiling to the banks, as the state government says that arrangements have been concluded...
In from Ali Smart . . . The Central Bank of Nigeria (CBN) on Monday approved N300 billion for the Nigerian Export-Import Bank (NEXIM) Robert Orya,...
In from Success Allantee . . . . In what appeared to be a back-door return of the Commission on Turnover (COT), the Central Bank of...
The Nigerian Senate has come down hard on the Central Bank of Nigeria (CBN) over its strict Foreign Exchange policy, and urged the apex bank to...
The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed to make available the sum of N300 billion next year to be...
Ahead of a widely-anticipated U.S. interest rate increase next week and worries over economic growth, the naira yesterday sank to N260 to a dollar at the...
The Central Bank of Nigeria sold $5.3 billion to defend the naira in October even as foreign exchange inflow into the economy fell by 5.4 percent...
In efforts to ensure continued safety and soundness of the banking industry, the Central Bank of Nigeria (CBN) and the Bankers Committee on Thursday stated that...
Data released by the Central Bank of Nigeria (CBN) on Tuesday showed that Nigeria’s foreign exchange reserves fell by 4.9 per cent to $29.79bn on March...
At its meeting today, only a few days to the presidential election, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) left its...
Former Governor of the Central Bank of Nigeria, Chukwuma Soludo, has released a third article, where he dissected the economic policies of the ruling government, and...
The Nigerian economy is facing huge financial haemorrhage as politicians, corporate bodies and foreign investors are moving funds massively out of the country as well as...
Barclays Africa Group Limited’s corporate and investment banking unit has approached the Central Bank of Nigeria (CBN) for approval to convert its representative office in Lagos...
While political actors argue over the appropriateness or otherwise of the postponement of the elections earlier scheduled for February 14 and 28, the country’s economy has...
THE Federal Government exported 140.79 million barrels or 1.53mbd of crude oil during the third quarter of 2014, according to the Central Bank of Nigeria (CBN)...
