Monetary policies benefiting economy already — CBN
The Central Bank of Nigeria has stated that its monetary policy measures are beginning to benefit the country's economy.
In a statement issued by CBN...
CBN’s Price Verification System is affecting our members — MAN
The Manufacturers Association of Nigeria, MAN, has asked the Central Bank of Nigeria to reverse its newly introduced Price Verification System.
The Director-General of MAN,...
CBN liquidated Allied Bank, Hallmark bank, 18 others — NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has revealed that it paid N1.39 billion to 36,163 depositors of 110 closed microfinance banks and three primary...
Naira continues to fall, exchanges at N1000/$
The naira on Thursday closed trading at N996.75/$ on the Investor & Exporter forex window despite the effort of the Central Bank of Nigeria...
CBN amendment bill passes second reading
On Thursday, the bill to amend the Central Bank of Nigeria Act by the House of Representatives on Thursday scaled to Second Reading.
According...
Naira continues to fall, sells at N1,080/$
On Tuesday, the Naira continued its fall against the dollar on Tuesday, depreciating to N1,080/$ in the parallel market.
This is a 4.85 per cent...
CBN governor, Cardoso reiterates commitment to price stability
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated his leadership’s commitment to focus mainly on price stability.
This was made known in...
BDC operators warn currency speculators amid naira gain
The Association of Bureau de Change Operators of Nigeria has warned those speculating on the currency to be wary as the Naira strengthens further...
Naira exchanges at N1,185 to dollars on black market
On Wednesday, the naira exchanged at 1,185/$ at the parallel market, as the liquidity challenge persisted.
According to The Punch, some Bureau de Change Operators...
Court gives Emefiele till January 25 to explain $53m Paris Club debt
A Federal High Court in Abuja has given the ex-governor of the Central Bank of Nigeria, Godwin Emefiele, until January 25 to appear in...
