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...
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...
