CBN
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Business
CBN clears $831m foreign airlines’ trapped funds – IATA
The International Air Transport Association (IATA) has confirmed that the Central Bank of Nigeria (CBN) has cleared foreign airlines trapped…
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Business
136% of 2023 FX inflows recorded in 2024 Q1 – Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, disclosed that the foreign exchange inflows recorded in the…
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Business
There’s no magic wand to tackle inflation – Cardoso to Nigerians
The Governor of the Central Bank of Nigeria, Yemi Cardoso, has appealed to Nigerians to be patient with the government…
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Business
Naira Redesign: Emefiele implemented policy without approval – EFCC
The Economic and Financial Crimes Commission, on Wednesday, arraigned the immediate-past Governor of the Central Bank of Nigeria, Godwin Emefiele,…
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Business
Naira: Emefiele pleads not guilty to EFCC’s fresh charge
Ex Central Bank of Nigeria (CBN), Governor, Godwin Emefiele has pleaded not guilty to the allegation that he unlawfully printed…
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Business
CBN will retain high interest rates to curb inflation — Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated that the apex bank will maintain high…
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Business
Emefiele: I was pressured to offer $600k bribe, witness tells court
During the current trial of former Central Bank of Nigeria (CBN) governor Godwin Emefiele, a prosecution witness named Victor Onyejiuwa…
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Business
CBN Releases List of Licenced Deposit Money Banks
The Central Bank of Nigeria on Tuesday released lists of licenced Deposit Money Banks operating in the country. The list…
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Nigerian News
0.5% cybersecurity levy: SERAP gives FG 48-hr ultimatum, calls for immediate reversal
The Socio-Economic Rights and Accountability Project has called on the Federal Government to reverse the 0.5% cybersecurity levy imposed by…
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Business
CAC Registration: CBN issues July 7 deadline for PoS operators
The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to…
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Business
Cybersecurity Levy: CBN direct banks to charge 0.5% on all electronic transactions
The Central Bank of Nigeria on Monday directed all banks to commence charging a 0.5 percent cybersecurity levy on all…
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Business
Customs increases FX rate for import duties to N1,441/$
The Nigeria Customs Service (NCS) has increased the foreign exchange (FX) rate for import duties to N1,441.58 per dollar. The…
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Business
Naira rebounds to 1,275/$ at black market
The naira rebounded against the United States dollar, appreciating by N125 to close N1,275/$1 over the weekend. The new rate…
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Nigerian News
Emefiele printed N684.5m with N18.9bn, says EFCC in fresh charge
The Economic and Financial Crimes Commission has filed a fresh charge at the High Court of the Federal Capital Territory…
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Business
CBN releases more dollars as naira weakens to 1,300/$
The naira depreciated further against the United States dollar at the official market on Tuesday, closing at 1,300/$. This came…
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Business
Naira depreciates to N1,140/$ in parallel market
The Naira has depreciated to N1,140 per dollar in the parallel market, from N1,060 per dollar on Thursday. Similarly, the…
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Business
Tinubu’s administration yet to borrow from CBN ,- Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said yesterday that the Federal Government would…
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Business
Naira appreciates to N1,080$ in black market
The Naira, yesterday, appreciated to N1,080 per dollar in the parallel market, from N1,230 per dollar last weekend. Similarly, the…
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Business
Stock Market dips N633bn as banks recapitalization mounts pressure
Investors are showing hesitancy in the stock market, particularly within the banking sector, following the Central Bank of Nigeria’s recent…
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Uncategorized
Bank Recapitalisation: NACCIMA calls for prudence and thorough ananlysis
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture is taking an analytical approach to the Central Bank…
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Tech
Cellulant license revoked by CBN, exits mobile money sector
Cellulant, an African payments company, has exited the Nigerian mobile money sector to focus on delivering payment solutions to businesses,…
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Business
Economy: CBN boasts of working Monetary Policy effort, records over $1.5bn inflow
The Central Bank of Nigeria has said that it has recorded an inflow of over $1.5 bn into the economy…
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Business
CBN raises capital base for mega banks to N500bn
The Central Bank of Nigeria has announced new guidelines on its recapitalisation policy for banks in the country. This coming…
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Business
MPC Meeting: CBN increases interest rate to 24.75%
The Monetary Policy Committee of the Central Bank of Nigeria has today concluded its two-day meeting for March 2024. This…
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Business
CBN lifts FX restrictions on milk, other products
The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. In a…
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Tech
Flutterwave hires Dipo Fatokun, Tosin Faniro Dada to board
Fatokun has over 30 years of banking and finance experience in the public and private sectors. As a CBN Director,…
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Business
CBN resumes Agric Funding with N100bn
The Central Bank of Nigeria (CBN) has resumed its funding intervention for agriculture sector apparently in response to the challenges…
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Politics
N30tr Ways and Means: FG begins probe of CBN’s Overdraft
Senate President Godswill Akpabio on Monday inaugurated an ad-hoc committee to investigate the N30 trillion Ways and Means Advances released by…
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Business
CBN reports 433% upsurge in remittances to $1,3bn in Feb
The Central Bank of Nigeria (CBN) has announced a 433% increase in Diaspora remittances, rising to $1.3 billion in February…
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Business
Oil & Gas Export: Ministry of Finance committed to partner with CBN – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reiterated the ministry’s commitment to partner with…
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Business
ICPC probes CBN, OAGF staff over alleged $3.4bn IMF missing loan
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has interrogated two Central Bank of Nigeria (CBN) officials and…
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Politics
Naira Depreciation: Foreign Airlines Fear $200m Loss
The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in…
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Business
Verified FX Liabilities: CBN Releases $500m To Clear More Backlog
The Central Bank of Nigeria (CBN) has released US$500 million to various sectors to further address the backlog of verified…
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Nigerian News
Court allows Emefiele to travel out of Abuja
The Federal Capital Territory High Court has granted the request of a former Governor of Central Bank of Nigeria, Godwin…
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