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...
The Central Bank of Nigeria, CBN, said on Thursday that it would monitor banks’ lending to politicians to finance their spending for the 2019 general elections....
The Monetary Policy Rate (MPR) has been left unchanged at 14% after a meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee meeting ended...
The Eid-El-Maulud holiday declared by the Federal Government for Tuesday 20th of November has forced the Central Bank of Nigeria (CBN) to postpone the November two-day...
Governor Yahaya Bello of Kogi State says the federal government is not planning to sell the Ajaokuta Steel Complex. Bello said this on Thursday after meeting...
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 Central Bank of Nigeria (CBN) has imposed sanctions totalling N5.87 billion on four banks for wrongly assisting MTN Nigeria to repatriate funds. The banks allegedly...
The Central Bank of Nigeria (CBN) may consider raising its key lending rate for the first time in two years if the inflation rate fails to...
The Central Bank of Nigeria (CBN) said its newly updated Foreign Exchange Manual for authorized dealer banks and other stakeholders in the foreign exchange market would...
The Central Bank of Nigeria (CBN) has warned the public to desist from all forms of abuse of the Naira, or risk jail term. According to...
In a bid to mitigate the effect of the tight monetary policy stance which has slowed down outflow of funds to the real sector of Nigeria’s...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the key lending rate at record-high of 14 percent for the...
The Central Bank of Nigeria (CBN) on Friday sold Chinese Yuan for the first time through an auction-based system designed for Chinese Yuan foreign exchange window...
The Central Bank of Nigeria (CBN) has extended the implementation of transaction limit on Unstructured Supplementary Service Data (USSD) for the financial systems in the country....
In a bid to ensure full compliance of the new CBN forex directive, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday embarked...
The Central Bank of Nigeria (CBN) has said the $36.37bn Federal Government spent on the importation of petroleum products between 2013 and 2017 greatly contributed to...
Nigeria’s National Assembly led by Senate President Bukola Saraki and House Speaker Yakubu Dogara paid out N5, 638, 664, 700 to 44 unqualified contractors, PREMIUM TIMES...
The Senate, on Tuesday, summoned the Minister of Finance, Mrs. Kemi Adeosun, her Defence counterpart, Mansur Dan-Ali and Governor of the Central Bank of Nigeria (CBN),...
Following recent disclosure of the federal government’s plan to establish the National Food Security Council, President Muhammadu Buhari has approved the constitution of the council’s membership....
Nigeria’s External Reserves hit $46 billion as at close of business Friday, March 9, 2018, exceeding earlier projection of $40 billion, and heading towards the $50 billion mark....
President Muhammadu Buhari has nominated Mr. Edward Lametek Adamu to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). This is...
The Senate, on Tuesday, instructed its standing committee on Banking to invite the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, managing directors of...
Nigeria’s foreign reserves have risen to $40.4 billion, the highest level dating back to October 2014. The figure represents an increase of about $1 billion between...
The Senate has indicted the Central Bank of Nigeria (CBN) for regulatory failure in the alleged illegal repatriation of $13.9 billion by telecommunications company, MTN. Adopting...
The Minister of Finance, Kemi Adeosun, Tuesday stated that tax declarations of Nigerians who have been listed in the Paradise Papers would have their prior tax...
The Governor of Kebbi, Abubakar Bagudu, has stated that Nigeria could not have recovered from recession “early” if not for President Muhammadu Buhari’s prioritization of agriculture...
The Central Bank of Nigeria (CBN) Monday restated its decision to sanction any Deposit Money Bank (DMB) which failed to comply with its earlier instructions to...
The Central Bank of Nigeria (CBN) has, in continuation of its naira intervention policy, injected $250m into the interbank foreign exchange market. Isaac Okorafor, Acting Director,...
One of the Big Four consulting firms, PricewaterhouseCoopers (PwC), has in a recent report laid out the external debt-associated risk to the devaluation of the naira....
Nigeria’s overnight lending rate dropped to 12 per cent on Friday after the earlier sharp rise by almost 100 per cent on Wednesday due to a...
Nigeria’s external reserve has risen to a two-year high of $31.2 billion even as the naira appreciated to N367.5 kobo at the Investors & Exporters (I&E)...
The Central Bank of Nigeria (CBN) Tuesday, warned that Nigeria’s economy may relapse into a protracted recession, citing the N2.5 trillion budget deficit recorded by the...
With increase in Nigeria’s foreign reserves and stability in the naira exchange rate, Nigeria’s recession will be over by third quarter of 2017. The Central Bank...
There is an apparent glut in the foreign exchange market as the Central Bank of Nigeria (CBN), on Thursday, said of $100 million it supplied to...
The Monetary Policy Committee (MPC), a creation of the Central Bank of Nigeria (CBN), after its Tuesday meeting in Abuja, announced that it has retained the...
One of the targets of the recently marketed Eurobond deal is to use the goodwill to shore up the Nigeria’s depleted foreign reserves and increase the...
The long drawn face off between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation (NNPC) over deployment of foreign exchange realized from...
Like in 2014, Nigeria has again been beaten by South Africa and Egypt in the banking sector rating of the World Bank for 2016. The country...
The Central Bank of Nigeria (CBN) may have concluded plans to offer for sale a minimum of $650 million weekly in the next five months. This,...
With virtually all its policies aimed at strengthening the naira not yielding positive results, the Central Bank of Nigeria (CBN) has perfected plans to seek help...
Nigeria’s special role in holding on to Islamic values in the West African sub region may have qualified it to head the International Islamic Liquidity Management...
Godwin Emeifele, Governor of the Central Bank of Nigeria, CBN, has charged the federal government to begin taxing callers who spend above three minutes as part...
What looks like s fresh faceoff has resurfaced among top government functionaries on the best approach to an earlier end to Nigeria’s recession and the role...
The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has been given the matching order to rescue the nation’s economy in 21 days or...
The wife of Godwin Emefiele, the governor of Nigeria’s Central Bank (cbn), Mrs. Margaret Emefiele, has been reportedly kidnapped by gun men. Sketchy reports say she...
The conflicting statements from the Minister of Finance, Mrs. Kemi Adeosun, and CBN Governor, Godwin Emefiele, on how an end Nigeria’s economic recession has led the...
The non-performing loans (NPLs) in Nigerian banks rose from 68 per cent in 2015, to 78 per cent in May 2016. According to the Central Bank...
The National Economic Council Meeting (NEC) met today at the Council Chambers in Abuja. The meeting was chaired by Vice President Yemi osinbajo The meeting, the...
Fifty one foreign investors repatriated profits from their investments in equities and Federal Government of Nigeria (FGN) bonds last week. The investors considered Nigeria foreign exchange...
In spite of government’s efforts to diversify the nation’s economy from crude oil based, non-oil exports dropped by a whopping 58 per cent losing $6.14 billion...
