CBN Reiterates Conditions for ‘Blacklisting’ Erring Bank Worker
The Central Bank of Nigeria (CBN) has reiterated that employee(s) in any financial institutions under its regulation that was terminated, dismissed or convicted on...
Naira Crashes Further to N452/$ on Parallel Market
The naira continued to crash on the parallel FX market on Tuesday as it fell to N452 to the dollar, lower than the N445...
Shareholders Advise Banks to Takeover Etisalat
Some shareholder groups in the nation’s capital market on Tuesday urged Etisalat Nigeria to settle the N1.2 billion debt it owed 13 commercial banks...
We Won’t Change Forex Policy- CBN
The Central Bank of Nigeria has stated that no amount of criticism and blackmail from “self-centred individuals” would make it change its current flexible...
TSA: FG lost N70bn to failed banks
The Federal Government has lost over N70 billion to failed banks in the country, the Accountant-General of the Federation, Alhaji Ahmed Idris, has said.
He...
BVN Reduces Fraud, Transactions Hit N49 trillion
There were indications that despite the challenging economic situation and high-level sophistication of fraudsters, huge increase in the volume and value of transactions across...
CBN Injects $195m into Forex Market
The Central Bank of Nigeria (CBN) has continued its intervention in the inter-bank foreign Exchange market with the injection of $195 million.
Figures released by...
Five Ministries To Spend N221m On Refreshments, Meals
Five Ministries To Spend N221m On Refreshments, Meals
In 2018, the sum of N221, 015,898 million is appropriated as refreshments and meals for 5 federal...
Forex crisis won’t derail financial obligations-CBN
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has assured that Nigeria will continue to meet matured financial obligations to foreign investors and...
Foreign Airlines Earned N288bn From Nigerian Market In Q1
Foreign Airlines Earned N288bn From Nigerian Market In Q1
Foreign airlines sold tickets worth $800 million (N288 billion) in the first half of 2018, according...
Coalition of Civil Society Backs Buhari’s Economic Team, CBN’s Monetary Policies
The Coalition of Civil Society Groups in Nigeria have come out in defense of President Muhammadu Buhari’s Economic Team and the monetary policies of...
Tale Of The Missing Trillions
Wealth without work, pleasure without conscience, commerce without morality, worship without sacrifice, politics without principles are not only few among roots of violence as...
CBN Lists Operational Requirements as OTC FX Futures Market Takes off
As the over-the-counter (OTC) foreign exchange (FX) futures market under the new FX regime takes off today, the Central Bank of Nigeria (CBN) has...
External Reserves Hit Three-month High, Near $25bn
The nation’s foreign exchange reserves have risen to a three-month high of $24.97bn from a low of $23.89bn on October 19, the latest data...
CBN Governor, Sanusi, accuses NNPC of kerosene subsidy fraud, says $20 billion unaccounted for
Nigeria’s Central Bank Governor, Sanusi Lamido, struck a defiant tone again Tuesday, accusing state-run oil firm, the Nigerian National Petroleum Corporation, NNPC, of failing to...
December Target For 2018 Budget Passage’ll Fail – Senate
The Senate has said Nigerians should not blame the National Assembly if it is unable to meet the December target for the passage of...
Cost Of Lagos-Ibadan Expressway Project Rises To N134bn
Cost Of Lagos-Ibadan Expressway Project Rises To N134bn
The construction cost for the section one of the Lagos-Ibadan Expressway, stretching from Lagos to Sagamu Interchange...
Maximum Deposit Insurance Coverage for Primary Mortgage Banks Now N.5m- NDIC
Approval has been granted the Nigeria Deposit Insurance Corporation (NDIC) for an upward review of its maximum deposit insurance coverage (MDIC) from N200,000 to...
FG Earmarks $650m To Complete Five Major Roads
FG Earmarks $650m To Complete Five Major Roads
The federal government has stated that the reconstruction of the Lagos-Ibadan expressway is to be completed in...
DSS Raids Forex Dealers in Lagos, Abuja
Operatives of the Department of State Security on Thursday arrested some unregistered Bureau De Change operators in Lagos and Abuja.
Also raided by the DSS...
