A Central Bank statistic released on Monday has shown that currency in circulation dropped by N10billion from N2.81trillion as of the end of March to N2.8trillion...
Nigeria’s external reserves lost $350million in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained from...
Bauchi State Governor, Senator Bala Mohammed, Thursday warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to...
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said printing money is a cardinal job of the lenders. Emefiele, on the official twitter handle of...
The Central Bank of Nigeria, CBN, has imposed foreign exchange, forex, restriction on the importation of sugar and wheat into the country. “Sugar and Wheat to...
A federal high court in Abuja has issued an interim order in favour of the Central Bank of Nigeria (CBN) freezing 11 bank accounts. The CBN...
The Central Bank of Nigeria (CBN) has released a list of approved international money transfer operators (IMTOs). As part of efforts to deepen foreign exchange liquidity,...
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways...
A Senior Advocate of Nigeria (SAN), Femi Falana, has asked the Central Bank of Nigeria (CBN) to stay out of politics and stick to the business...
The Central Bank of Nigeria (CBN) has justified the ban on cryptocurrencies, saying it fuels illicit financial flow and terrorism. In a statement, Osita Nwanisobi, Acting...
The Central Bank of Nigeria has prohibited the cryptocurrency systems and directed banks and other financial institutions to close accounts operating in the cryptocurrency systems. The...
The CBN has secured approval from President Muhammadu Buhari to restructure the Nigeria Commodity Exchange. CBN Governor Godwin Emefiele made this known in Abuja at the...