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Just In: CBN Devalues Naira, Restores Uniform Exchange Rate Of N380/USD

The Central Bank of Nigeria has made an alteration in exchange rate of dollar to Naira as confirmed in a communique to all banks...

Senate confirms Emefiele for another term of five years

Senate has confirmed the re-appointment of the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, for another term of five years. Emefiele’s re-appointment was...

2 Million Customers No Longer Bank with Nigeria Banks

According to statistics from the Nigeria Inter-Bank Settlement System (NIBSS), Nigerian banks lost over 2 million customers between 2016 and 2017, the number of active bank...

Oyo Restates Commitment to CBN

The Oyo State Government has promised to support the Central Bank of Nigeria’s (CBN) initiative in actualising 80% Financial Inclusion rate by the year...

CBN to Fund Egg Production with N10 billion

The Federal Government, with the support of the Central Bank of Nigeria (CBN), has disclosed plans to launch a N10billion fund for the National...

Forex Liquidity Exceeds $42b

Nigeria may be sitting atop foreign exchange (forex) stockpile in excess of $42 billion from reserves’ accretion and the expected full inflow of the...

Banks Begin Disbursement of N26.4 billion

The Deposit Money Banks have begun the disbursement of the more than N26 billion enterprise development intervention fund under the Agriculture and Small and...

$210m CBN Injects into Currency Market

The Central Bank of Nigeria (CBN)  said on Tuesday it had injected 210 million dollars into the interbank foreign exchange market, extending efforts to boost liquidity...

Capital Market Operators Beg CBN, SEC on Single License

Capital market operators at the weekend in Lagos called on the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to...

CBN Warns Nigerians-“Abuse Naira And Go To Jail”

The Central Bank of Nigeria on Friday warned Nigerians against abusing the naira notes following the incessant  flow of videos on social media where...