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Following the withdrawal of the operating licence of Skye Bank Plc, the Central Bank of Nigeria (CBN), in consultation with the Nigerian Deposit Insurance Corporation (NDIC),...
The Central Bank of Nigeria says it has imposed heavy sanctions totaling N5.87 billion on four banks under its regulatory purview and asked same to refund...
The Naira has fallen by one point exchanging at N361.5 to the dollar at the parallel market in Lagos. The Nigerian currency had exchanged at N360.50...
Justice John Tsoho of the Federal High Court, Abuja, on Tuesday, struck out a suit seeking the Central Bank of Nigeria (CBN) to disclose the cost...
The Central Bank of Nigeria (CBN) on Friday injected $331m into the Interbank Foreign Exchange Market to alleviate dollar shortages. The funds were allocated to companies...
The National Economic Council (NEC) has revealed that 18 federal government’s agencies did not remit N526bn and $21bn into the Federation Account between 2010 and June...
The Central Bank of Nigeria (CBN) has set N100, 000 as limit for customers to transfer money via mobile phones using short codes. It was gathered that...
Few days after Vice President Yemi Osinbajo described grand corruption as the elephant in the room when discussing the Nigerian economy, more compelling details are emerging...
The Central Bank of Nigeria (CBN) has said Nigeria’s External Reserves is steadily growing and currently stands at 46 billion dollars. CBN Spokesman, Isaac Okoroafor, said...
