LAGOS-FOREIGN investors have began to shun Nigeria’s bonds and equities market due to unwillingness of the Central Bank of Nigeria (CBN) to devaluation the naira as...
ABUJA — The Central Bank of Nigeria, CBN, yesterday said that importers of rice, cement and other products will no longer access Foreign Exchange from CBN,...
LAGOS — The dwindling resources of states and local governments suffered a 30.6 per cent fall from federation account allocation in April 2015 when compared with...
ABUJA-The Central Bank of Nigeria on Friday disbursed a total sum of N6.9bn to five gas suppliers, one power generation company and one power distribution company....
ABUJA-TOP officials of the Nigeria Central Bank, CBN, colluded with officials of private banks to defraud the country of about N8 billion, an anti-graft agency has...
ABUJA-The Central Bank of Nigeria (CBN) yesterday explained how it discovered the N8 billion currency fraud. In a statement issued yesterday, Director, Corporate Communications, CBN, Alhaji...
LAGOS-ABOUT 14 banks may have landed at the receiving end of the Cash Reserve Requirement, CRR, harmonisation policy announced last week by the Monetary Policy Committee,...
ABUJA-The stress of dwindling oil revenue is mounting on the Nigerian economy as external reserve drops below USD30 billion last week, indicating less than four...
ABUJA-The Central Bank of Nigeria on Monday rejected some of the proposed amendments to the Nigeria Deposit Insurance Corporation Act. The central bank insisted that some...
ABUJA-The Central Bank of Nigeria on Thursday night said it had no plan to convert the foreign domiciliary account of customers of deposit money bank into...
