Tag: Central Bank Of Nigeria
Nigeria’s Naira slumps 0.75 %, exchanges N194 to $USD
Nigeria’s naira fell 0.75 percent in volatile trades against the dollar shortly after the forex market opened as demand for…
Naira in big fall at forex market
The Naira on Friday depreciated against the dollar as it traded at N208 from the N191.50 it sold for on…
CBN keeps lid on interest, naira rates
Nigeria’s central bank kept its policy rate at 13 percent on Tuesday, offering no new measures to deal with a…
Naira plunges further
Nigerian naira ended Tuesday at a record closing low of 189.20 against the dollar ahead of the first central bank…
Reuters: Another Naira devaluation looms
*Nigeria’s Foreign reserves drop 20 per cent, year-on-year *Naira plunges to N191.85 to dollar, worst official level in history Nigeria’s…
CBN sells N134.57bn worth of treasury bills
The Central Bank of Nigeria (CBN) on Thursday said that it sold N134.57 billion worth of treasury bills at Primary…
Emefiele, new CBN Governor to unveil agenda
The new Central Bank of Nigeria governor, Godwin Emefiele, would on Thursday unveil the agenda of the apex bank under…
Skye Bank Bids For New Bank
Skye Bank Plc has indicated interest in acquiring a new generation bank, Timothy Oguntayo, the Group Managing Director of the…
Business, Headlines, Metro, News
Sanusi vs Jonathan : Court declines jurisdiction
Nnamdi Felix/ Abuja A Federal High Court in Abuja, the Nigerian capital, has declined jurisdiction to determine whether President Goodluck…
PCIDSS: CBN issues Nov. 30 deadline to banks
The CBN has urged commercial banks, switches and processors to be Payment Card Industry Data Security Standards (PCIDSS) certified by…
Traders want CBN to increase circulation of lower denomination Naira notes
Some traders in Lagos have appealed to the Central Bank of Nigeria (CBN) to ease their transactions with customers by…
CBN charges for currency sorting when banks fail to do so
The Central Bank of Nigeria (CBN) says it does not charge Deposit Money Banks (DMBs) for Currency Sorting Services for…
About 67.5 per cent of Nigerians don’t have bank accounts
The Managing Director of Unity Bank Plc, Henry Semenitari, said in Abuja that only about 32.5 per cent of people…
New CBN governor-designate vows economic stability
Nigeria’s new central bank governor-designate on Wednesday vowed to ensure economic stability to create jobs and boost growth, as lawmakers…
Fire fighters save Central Bank building
The timely intervention of the Federal, State and private fire services on Tuesday evening saved the old headquarters of the…
CBN submits 2014 budget to National Assembly
The Central Bank of Nigeria (CBN) on Wednesday submitted and defended its 2014 budget proposal before the House of Representatives…
Deputy CBN gov Moghalu says Sanusi crossed the line
One of the deputy governors of the Central Bank of Nigeria, Kingsley Moghalu has spoken for the first time on…
Sanusi sues Jonathan over suspension
Nnamdi Felix / Abuja Suspended Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, has dragged President Goodluck Jonathan…
CBN governor debunks rumours, quits in June
Ayorinde Oluokun/Abuja Mallam Sanusi Lamido Sanusi will quit office as the Governor of Central Bank of Nigeria on June 2…
Lemo bows out as CBN Deputy Gov
Ayorinde Oluokun/Abuja Mr.Babatunde Lemo, Deputy Governor, Operations, Central Bank of Nigeria, CBN, Deputy Governor in charge of Operations is set…
Sanusi Lamido: I did not say $49.8b missing
The Governor of Central Bank of Nigeria (CBN), Mr Sanusi Lamido Sanusi, on Wednesday in Abuja denied saying that 49.8…
NNPC And The Missing $49.8bn
Last week, Nigerians were shocked to learn that $49.8bn crude oil sales proceed was missing from the federation account. The…
Sanusi Lamido exposes $50b fraud by NNPC
On a day the world focussed on anti-corruption campaigns, a mind boggling revelation has been made by the Governor of…
Nigeria to ditch polymer Naira notes for paper
Nigeria is to revert to paper banknotes, the country’s central bank has announced, in a policy switch bucking a growing…
Nigeria: Money market worried over declining external reserve
Nigeria’s declining external reserves topped major issues in the money market this week. The external reserves have continuously declined in…
Towards Real Economic Growth
Statements painting the Nigerian economy in bright colours despite the obvious hardship that pervades the land have been coming from…
Naira Devaluation: Reps To Summon Sanusi, Okonjo-Iweala
The House of Representatives has mandated its committees to invite the Governor of the Central Bank of Nigeria (CBN), Malam…
Nigeria bans import of foreign currencies
The Central Bank of Nigeria (CBN) has banned the importation of all foreign currencies except with approval. According to a…
CBN backs power reform with N109bn
The Central Bank of Nigeria (CBN) says it has disbursed over N109 billion to 20 companies in support of the…
CBN releases names of sanctioned BDC operators
Nigeria’s central bank has released the names of 20 Bureau De Change (BDC) operators whose licences were revoked for alleged…