N500Billion Scandal: Another Group Demands Emefiele’s Sack as CBN Governor             As Central Bank of Nigeria (CBN) reacts against calls for the resignation of its Governor, Godwin Emefiele, more groups have emerged demanding for his sack. The Arewa Youth Assembly, a socio-economic and socio-political group has called...

Naira Plunges, Exchanges For N440/$     The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales to the Bureau de Change Operators on Monday. The naira had last week dropped from N480/$ to N420/$, following the Central...

Bank Deposits Rose By N4.7trn In Seven Months – CBN       The total deposits in the banking sector rose from N25tn in January to N29.7tn as of the end of August. Within the same timeframe, bank loans rose by N2tn. The Director, Corporate Communications, CBN, Isaac Okorafor,...

Naira Set To Gain As CBN Resumes Forex Sales     The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today) will strengthen the exchange rate of the naira to the dollar according to the operators. In a...

We’ll Steer Nigeria Away From Recession - CBN   The Central Bank of Nigeria on Wednesday said it would not be deterred in its effort to steer the Nigerian economy away from the looming recession due to the impact of COVID-19. It said this was in spite...

COVID-19 Loans’ll Be Disbursed 48 Hours After Approval – CBN   The Central Bank of Nigeria has said all successful applicants that have submitted their account details for the COVID-19 Targeted Credit Facility should expect to be credited within 48 hours. The Director, Corporate Communications of CBN,...