CBN Injects $498m in Forex Market The Central Bank of Nigeria (CBN) in it's committment to foreign exchange intervention has injected a total of $498 million into the interbank market Figures obtained from the central bank showed that it commenced the week by initially injecting $210...

CBN Sacks Bank Directors A number of bank directors have been fired by the Central Bank of Nigeria following cases of insider abuse relating to non performing-loans, it has been learnt. Specifically, the banking sector regulators, the CBN and the Nigeria Deposit Insurance Corporation, have in...

Each state gets N800m to pay salaries, pensions The Federal Government may have succumbed to pressures from some state governors, as it has approved and directed the release of N28billion to 35 states of the federation, excluding Lagos state, as budget support facility. Giving the approval,...

•Knocks CBN, FIRS, DPR House of Representatives Committee on Public Petitions says it will investigate alleged missing $60.3 billion Petroleum Profit Tax and Royalty revenues at the Central Bank of Nigeria (CBN). Chairman of the committee, Mr Uzoma Nkem-Abonta (Abia-PDP), stated this on Wednesday in Abuja...

The All Farmers Association of Nigeria (AFAN) has extolled the Central Bank of Nigeria (CBN) for drastically reducing the importation of rice, wheat and fish, thereby boosting local production of rice and other agricultural commodities. AFAN spoke at their North-east zone meeting held in Gombe...

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the Bank on Monday, November 20, 2017, intervened in the inter-bank Foreign Exchange Market to the tune of $210,000,000. Figures obtained from the Bank reveal that...