The Central Bank of Nigeria (CBN) has directed banks to restructure loan terms and tenors to households and businesses affected by the coronavirus outbreak. Addressing journalists...
Popular business mogul and the Chairman of Dangote Group, Aliko Dangote has called for more seriousness in handling diversification of Nigeria’s economy. The tycoon disclosed this...
The country’s foreign exchange reserves continued its downward trend as it dropped by $1.64bn from $38.34bn on January 15, 2020 to $36.69bn on February 20, latest...
The Central Bank of Nigeria has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks. In a statement...
The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charge to businesses for using point of sale (POS) machines. In a statement...
The Central Bank of Nigeria (CBN) has reviewed downward electronic transfer and ATM fees as well as card maintenance fees. The new charges were contained in...
According to the latest data from the Central Bank of Nigeria, the nation’s foreign exchange reserves have dropped to a seven-month low, losing $1.02bn in the...
The Central Bank of Nigeria (CBN) says banks will pay a fine of N10,000 for every money transfer that exceeds four minutes. The apex bank made...
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the Bank on Monday, November 20, 2017,...
Nigeria’s National Bureau of Statistics, NBS, released its latest figures of the Gross Domestic Product, GDP, signaling a growth in the second quarter from -1.5 percent...
The House of Representatives on Thursday invited the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and the Minister of State for Petroleum Resources, Ibe...
The Central Bank of Nigeria on Thursday said it would on Friday release the sum of $100m to authorised dealers to meet the requests of genuine...