Central bank Governor Godwin Emefiele on Tuesday resisted calls — again — to weaken the currency despite a plunge in oil prices that’s slashed revenue in...
Something sad has happened and is happening, and is getting worse in our society: the decline of public intellectualism. And so I ask, where are the...
President Muhammadu Buhari abandoned the much touted zero budget after it was discovered that what was sent to the National Assembly was clearly not...
The new year begins with Nigerian forex stock falling by $91,571,740 in 24 hours. The $91.6 million fall in Nigeria’s reserves is about the biggest decline...
Banks’ revenues will drop by about N100 bilion this year, with the implementation of the zero Commission On Transactions (COT) policy. It is the last phase...
Nigeria’s external reserves now stands at $29.30 billion as at December 23, 2015. Data from the Central Bank of Nigeria’s website shows that the reserves declined...
The Director, Monetary Policy of the Central Bank of Nigeria, Mr Moses Tule, has been speaking on the recent restrictions on the use of naira debit...
Deposit Money Banks have commenced a process to stop all customers from using their payment cards, popularly known as Automated Teller Machine cards, for dollar-denominated transactions...
Following a recent revelation that some three banks will need to raise their capital base in the first quarter of 2016, there are indications that some...
The naira continued its freefall on Thursday, crashing to 280 against the dollar at the parallel market. The naira, which was trading at between 241 and...
Nigeria’s naira fell 1.5 percent to a new low of 265 to the dollar on the unofficial market on Wednesday after the central bank rationed dollar...
The Central Bank of Nigeria (CBN), in its latest circular which sets out the new guidelines for the operations of Bureaux de Change (BDCs) operators, has...
