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Naira Collapses To 4 Years Low

Naira weakened to a four-year low in the parallel market after the efforts of the Central Bank of Nigeria (CBN) to coax banks to...

Senate Invites Emefiele, Yuguda, Over Cryptocurrency Ban

The Senate has mandated its Committees on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market to invite the Governor of...

CBN Retains Interest Rate At 11.5%

The Central Bank of Nigeria (CBN) has retained the interest rate at 11.5 per cent and other parameters, saying the policies have yielded positive...

Osinbajo, Emefiele to Attend Osun Economic Summit

By Deborah Oladejo, Osogbo The Nigerian  Vice-president,  Prof. Yemi Osinbajo, Governor, Central Bank of Nigeria, Godwin Emefiele alongside other Business Moguls are expected at the...

Emefiele Meets Buhari, Says Borders Remain Closed

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday said that the nation’s land borders would remain closed until neighbouring countries agree...

Emefiele on Exchange Rate Stability

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has said there was no cause for alarm owing to the recent decline in the...

CBN Takes Over Skye Bank, Changes Name to Polaris Bank

The Central Bank of Nigeria (CBN), has revoked the operating licence of Skye Bank Plc with immediate effect. CBN Governor Godwin Emefiele made this known during a...

Nigeria’s External Reserves Climb to $46bn

...Rises by $3.2bn between February and March Nigeria’s external reserves were standing at $46 billion as at the close of business on Friday, March 9,...

Forex: CBN Lifts Naira With $482.6m

In the first trading day after the Democracy Day celebrations, the Central Bank of Nigeria (CBN) on Tuesday, intervened in the inter-bank market to...

FOREX: Dealers Fail to Subscribe Fully to CBN $100m Offer

The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100 million offered by it...
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