Reps Advise CBN to Adopt Chinese Yuan as Official Exchange Rate The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation. The resolution was...

Naira Scarcity: ASSBIFI Cautions Nigerians Against Panic Withdrawals The Association of Senior Staff of Banks, Insurance and Financial Institutions has linked the cause of cash crunch in the country to panic withdrawals by bank customers, and activities of misguided individuals engaging in the unethical practice...

Cash Crunch Persists Amid N3.4trn in circulation As current naira scarcity enters its third week, economic experts including Dr Muda Yusuf, CEO of the Centre for Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to find a lasting solution to...

Mrs Hakama Sidi-Ali not only shattered the glass ceiling by becoming the first woman to be appointed CBN spokesperson and a member of the Nigeria Institute of Public Relations (NIPR), but her appointment also fulfilled all professional and legal requirements.

CBN Interest Rate on AMCON too High, Needs Review - Senate The Senate has expressed concerns over the excessive interest rate imposed on the Asset Management Corporation of Nigeria, which are deterring its operations. The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator...

Naira in Circulations Rises to N3.4trn as CBN Assures of Adequate Cash Supply   The Central Bank of Nigeria (CBN) has again assured members of the public that it is addressing the reported cases of cash scarcity in some major cities across the country. It attributed the...