The flexible exchange rate policy by the Central Bank of Nigeria (CBN) that will allow the forces of demand and supply to determine the rate of naira will commence today. With the new regime, the naira is expected to trade between 250 and 300 a...

….Sets $10m minimum for participation Following the introduction of a flexible exchange rate regime three weeks ago, the Central Bank of Nigeria (CBN) has unveiled the much anticipated guidelines paving the way for the one window foreign exchange structure . Central Bank Governor, Mr. Godwin Emefiele...

Barring any last-minute change in plans, the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, will today meet with Managing Directors and Chief Executive Officers of all the Deposit Money Banks in the country. The meeting, which is scheduled to hold at the headquarters...

Nigeria’s foreign reserves recorded the lowest drop in the last four years, according to data from the Central Bank of Nigeria (CBN). The records show that the movement in reserves drastically slowed in the last one year when compared to the drops from 2013. From April...

The Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, has joined other philanthropies in the country by donating 400 bags of locally produced rice and some relief materials to the internally displaced persons, IDPs, in Maiduguri, Borno State. The CBN boss who was represented...

The current scarcity of foreign exchange confronting the country has been described as a good development for the Nigerian economy as local production of various essential goods is now being given top priority with positive outcomes. The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele,...