CBN Denies Devaluing Naira to 630/$1 The Central Bank of Nigeria (CBN) has denied the report of the devaluation of the Nigerian currency to 630 Naira to a Dollar. The CBN in a statement signed by its acting spokesman, Isa AbdulMumin, on Thursday said the details...

CBN Devalues Naira to 630/$1 The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window on Wednesday. The devaluation came 48 hours after President Bola Ahmed Tinubu announced the plans...

Reps Concur With Senate, Extend Limit On CBN Loans   The House of Representatives has approved an amendment to the Central Bank of Nigeria Act, raising the ceiling of Ways and Means advances from the apex bank from 5 to 15 per cent. The House gave the...

eNaira: Defying Stereotypes, Ensuring Financial Inclusion for Nigerian Women, by Abdulrahman Abdulraheem   A part of the above title was derived from the very apt theme of the 2023 Law Ladies’ Day programme held recently at the University of Lagos (UNILAG). The timely theme which read: “Defying...

Rate Hike: MAN, NECA Warn CBN on Imminent Recession, Higher Prices   The Manufacturers Association of Nigeria (MAN) and the Nigeria Employers’ Consultative Association (NECA) have said the recent increase of the Monetary Policy Rate by the Central Bank of Nigeria will compound the imminent recession...

FG Inaugurates NDIC Board, Charges Members on Service Delivery  By Zeenat Sambo The Minister of Finance, Budget and National Planning, Zainab Ahmed, has charged the new Board of Directors of the Nigeria Deposit Insurance Corporation (NDIC) to support policies and programmes of the management that are...