The House of Representatives has invited Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN); Zainab Ahmed, the minister of finance, budget and national...
The Central Bank of Nigeria, (CBN), has insisted that the frozen accounts of #EndSARS campaigners on the orders of Justice Ahmed Mohammed of the Federal High...
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’s foreign exchange reserves, which come to $35.4 billion, are adequate to meet import needs and services for seven months, Godwin Emefiele, the Central Bank of...
Nigeria’s official exchange rate cannot be controlled by the parallel market, where the local currency has depreciated to its lowest level in three months, Godwin Emefiele,...
The total credit granted by lenders to support the economy from the end of August to 13th November advanced from N19.33 trillion to N19.54 trillion, equivalent...
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to comply with SWIFT Universal Confirmation Requirements. The CBN’s Director of Banking...
The Central Bank of Nigeria (CBN) has warned Nigerians against dubious loan offers and investment schemes through messages and videos on social media, requesting loan seekers...
The Central Bank of Nigeria (CBN) said it had so far disbursed funds in the neighbourhood of N369 billion to manufacturers, small and medium scale enterprises,...
Banks have to grow the share of their credit to the agricultural sector by more than twice its current size to make it up to one...
Bank accounts belonging to Premier Lotto, owned by Chief Adebutu Kensington, popularly called ‘Baba Ijebu’, have been ordered frozen by the Central Bank of Nigeria (CBN)...
The House of Representatives Thursday kicked against the failure of the Central Bank of Nigeria (CBN) to account for the $11 billion withdrawn from the Excess...
A House of Representatives investigative panel Tuesday invited central bank’s chief, Godwin Emefiele; Communications and Digital Economy Minister, Isa Pantami; Federal Inland Revenue Service (FIRS) Chairman,...
The total exposure of banks to the economy ballooned by N3.3 trillion at the end of June compared to the corresponding period of May, the Central...
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...
The Central Bank of Nigeria (CBN), rising from its Monetary Policy Committee (MPC) meeting Monday retained its monetary policy rate, which measures the interest rate at...
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...
Nigeria’s foreign reserves slumped from $36.57 billion to $36.2 billion in the period between 1st and 29th June, equivalent to a depletion of $373.23 million, data...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has been summoned by...
The total contribution by the private sector Coalition against COVID-19 (COCAVID) now stands at N29 billion, the Central Bank of Nigeria (CBN) has said. Godwin Emefiele,...
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court, Abuja to order the Federal Government and Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) Thursday said it would fund the value chains of nine agricultural commodities with N432 billion during the 2020 wet planting...
The Central Bank of Nigeria, CBN, Tuesday, announced a new rise of the nation’s foreign reserves by $2.7bn after long-witnessing major decline for several months. According...
The Central Bank of Nigeria (CBN) has projected that Nigeria will turn in a negative Gross Domestic Product in the second quarter of this year considering...
Goods with local equivalents will no longer have the foreign exchange (forex) support of the central bank to import them as Nigeria grapples with a rapidly...
Nigeria’s foreign reserves shrank by $5.09 billion from $38.53 billion to $33.44 billion in the nearly four-month period between 2nd January and 28th April 2020, the...
The Central Bank of Nigeria (CBN), at the high point of its Monetary Policy Committee (MPC) Tuesday, gave a bleaker economic outlook for Nigeria and the...
The Minister of Finance, Mrs. Zainab Ahmed has declared that the country’s budget will suffer severe strain due to the impact that the outbreak of the...
The Central Bank of Nigeria (CBN) on Monday took the campaign for indigenous milk production sufficiency further by seeking the intervention of the Federal Capital Development...
The Central Bank of Nigeria (CBN) this afternoon, in the wake of its Monetary Policy Committee (MPC) meeting, retained the Monetary Policy Rate (MPR) at 13.5%....
According to the Central Bank of Nigeria (CBN), the total exposure of Deposit Money Banks to the Nigerian economy climbed up to N22.61 trillion in October....
The Central Bank of Nigeria on Tuesday warned that it would suspend accounts of anyone hiding under the ECOWAS Trade Liberalisation Scheme to sabotage the federal...
Nigeria’s foreign reserves has continued its free fall, declining from $39.8 billion to $39.24 billion between 11 November and 13 December this year, the latest data...
The Bankers Committee Saturday introduced a classification of the Bank Verification Number (BVN) to fast track the achievement of the financial inclusion goal of 20 percent...
The Central Bank of Nigeria (CBN) expects to achieve 2.38 percent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year, the bank...
The National Assembly will begin probe into the N72 billion and $73 million being owed the Niger Delta Development Commission (NDDC) by 17 local and international...
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 refunded part of N500 billion penalty deducted from banks as additional cash reserves after they failed to meet the...
According to a report released by the Central Bank of Nigeria (CBN), on Friday, financial inclusion rate has increased to 63.2% as at the end of...
The Central Bank of Nigeria (CBN), on Tuesday, urged the judiciary to lend a helping hand towards ensuring that bank debtors pay back what they owe....
The CBN, in what some have labeled an intended ridiculous extortion, in a statement issued through its Payments System Management Department announced that the new policy on cash-based transactions stipulates a cash handling charge on...
The Central Bank of Nigeria (CBN) has said it would not go back on President Muhammadu Buhari’s directive to place a ban on Forex for food...
The police have arraigned a whistle-blower, George Uboh, for allege defamation against the Governor of the Central Bank of Nigeria, Godwin Emefiele. The charge sheet, which...
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 Nigerian Senate on Thursday confirmed Godwin Emefiele as governor of the Central Bank of Nigeria (CBN) for a second term. President Muhammadu Buhari had re-nominated...
The Senate on Wednesday commenced the screening of Dr. Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN) for a second term. The CBN...
President Muhammadu Buhari has nominated Godwin Emefiele for a second term in office as governor of the Central Bank of Nigeria (CBN). President of the Senate,...
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 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, on Tuesday, injected another $210 million into the foreclosure market in a bid to keep the current stability of the...