Following the Central Bank of Nigeria (CBN) to manage exchange rate, currency in circulation dropped by N72.5billion or 2.2 per cent from N3.33trillion as at the end of May to N3.26trillion at the end of June 2022, the latest statistics from the…
Most of Nigeria’s banking service providers have recently commenced the process of closing down the bank accounts of unregistered associations and societies domiciled in their respective banks pursuant to a directive of the Central Bank of Nigeria to that effect.
The Central Bank…
The Central Bank of Nigeria (CBN) has clarified the statement made by the governor, Godwin Emefiele, at Tuesday’s post-Monetary Policy Committee (MPC) meeting briefing, warning bank customers against converting the naira to foreign exchange, for electioneering purposes.
The bank’s director, Corporate Communications…
The Central Bank of Nigeria has threatened to arrest and prosecute Nigerians using naira to buy dollars.
“For those taking money from banks to buy dollars, it is illegal to do so. If the security agencies hold you, you will know the implication…
The World Trade Organisation is committing about N12 billion ($20m) into fisheries development in Nigeria and other member countries as part of efforts to prohibit harmful fisheries subsidies.
The Director General of WTO, Dr Ngozi Okonjo-Iweala, stated this yesterday in Abuja while on…
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually on medical and education tourism.
Speaking during the Monetary Policy Committee (MPC) meeting in Lagos, he said education and health sectors are critical sectors that the…
FBN Holdings Plc has notified the Nigerian Exchange Limited that its attention has been drawn to an online publication dated July 17, stating that the Federal High Court sitting in Lagos, Nigeria, has granted an ex-parte order against FBN Holdings Plc and…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has for the second time in three months increased official interest rate by 250 basis point.
The committee increased the Monetary Interest Rate (MPR) by 150 basis point in May 2022…
In a bid to modernise Nigeria’s capital markets and ensure that it is well positioned to support economic transformation driven by private sector investment, the Securities and Exchange Commission (SEC) and the African Development Bank Group (AfDB) have signed an agreement for…
Nigeria may experienced a total shutdown of the economy as the workers in the banking sector have issued a threat to embark on industrial action in the financial sector in solidarity with the Academic Staff Union of Universities (ASUU) currently on strike.…
