The nation’s foreign exchange reserves have dropped to a three-month low of $47.303bn, data from the Central Bank of Nigeria showed on...
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The Central Bank of Nigeria (CBN) yesterday commenced its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signaling the consummation of the....
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Mr. Boss Mustapha, the Secretary to Government of the Federation (SGF), has said that 2019 will determine the future of the Igbo people and APC would support the region when the....
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THE possibility of yet another round of systemic failure in the banking industry, raised recently by the Nigerian Deposit Insurance Corporation, calls for....
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President Muhammadu Buhari has revealed that Lai Mohammed, Minister of Information, disobeyed him by issuing a press statement against....
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The Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele has finally admitted that financial technology, that is called in the....
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The apex bank fixed the implementation of the measure to curb USSD risks in the Nigerian financial system to October 2018.
The USSD codes for transfer of funds at N100,000 daily....
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Since the currency swap deal was announced by the Central Bank of Nigeria (CBN) on May 3, Nigerians have been going back on forth on.....…
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The Central Bank of Nigeria continued its defence of the naira against depreciation with the injection of $55million into the small and medium scale...
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The Central Bank of Nigeria (CBN) has issued new directives to Nigerians as regards sale of foreign exchange in the country.
The apex bank has released an emergency mobile phone line for customers denied access to foreign exchange by banks for medical bill and school fees.
Customers have been...
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Nigeria's Finance Minister, Kemi Adeosun, has urged the National Assembly to reduce the powers of the governor of the Central Bank of Nigeria, Godwin Emefiele.
According to her, the extensive powers of the governors is responsible for the disconnect between Federal Government’s monetary and...
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Here are the words of Godwin Emefiele, Governor of the Central Bank of Nigeria, (CBN), on the clamor to bring down interest rates in Nigeria and why the apex bank has been refusing to do so:
“I sympathize with people when I hear the call on the CBN to reduce interest rates. I share their goal...
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