Hyperinflation could severely constrain control – Cardoso The Central Bank of Nigeria (CBN) Deputy Governor, Financial System Stability Directorate, Philip Ikeazor, has said given the...
The NGX All-Share Index experienced a significant decline in April, losing N3.57 trillion in market value. This downturn represents the first monthly decline for the NGX...
Bdcs Proffer Solutions To Depreciation Currency Can’t Appreciate In A Vacuum – Senator The Naira yesterday recovered against the US dollar at the parallel market...
In the last six months of 2023, the Federal Government of Nigeria received an additional N3.8 trillion in what appeared to be a fresh Ways and...
The federal government is expecting a fresh $2.2 billion single-digit interest loan from the World Bank and another budget support facility from the African Development Bank...
The Board of Directors of First Bank has announced Segun Alebiosu, Executive Director and Chief Risk Officer of First Bank, as the acting Managing Director and...
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market...
CBN Governor Yemi Cardoso has spoken on concerns over the declining external reserve, saying the apex bank is not defending the naira. Cardoso, who spoke on...
As CBN lowers banks’ loan-to-deposit ratio to 50% Monetary tightening by the Central Bank of Nigeria (CBN) in a bid to curb stubborn inflation is...
Minster of State for Petroleum Resource (Oil), Heineken Lokpobiri, has blamed the shortfall in crude oil production in the first quarter 2024 (Q1 2024) on challenges...
The Federal Government has disclosed plans to introduce an emergency economic bill to boosts its revenue from the non-oil sector in Nigeria. The Minister of Finance...
Concern as Acting Director signing currency The Central Bank of Nigeria (CBN) has continued with the disengagement of staff in furtherance of its ongoing restructuring...
Stanbic IBTC has reported a net profit of N140.6 billion in 2023, marking a 74% growth from the N80.7 billion posted in 2022. Even as the...
ABCON attributes stability to BDCs The naira appreciated significantly against the dollar throughout March, 2024, gaining over N350 on the back of major foreign exchange...
The Central Bank of Nigeria (CBN), on Thursday announced new minimum capital requirements for banks, pegging the capital base for commercial banks with international authorisation at...
NFIU disowns memo 4 of 6 indicted BDCs not registered with CAC Case already in court – Govt officials There is controversy around the list...
A report by the Central Bank of Nigeria (CBN) has revealed that out of the total loans of N10.3 trillion disbursed as intervention, N193 billion has...
PZ Cussons Nigeria’s attempt to delist from the NGX has hit a roadblock as the Securities and Exchange Commission has declined the company’s request for its...
Nigeria’s most capitalised bank, Zenith Bank Plc, has appointed Dame Adaora Umeoji as the Group Managing Director effective June 2024, making her the first female to...
Access Holdings Plc has announced the return of Mr. Aigboje Aig-Imoukhuede as its Non-Executive Chairman. He replaces Mr. Abubakar Jimoh who remains on the board as...
Plans $1bn for Tincan port reconstruction The Nigerian Port Authority (NPA) has posted an unprecedented revenue generation and remittances to the Consolidated Revenue Fund (CRF)...
Raises interest rate to 22.75% Experts fault new monetary rate The Central Bank of Nigeria (CBN) yesterday announced a series of interventions in the economy,...
The Cenbral Bank of Nigeria has released an additional $400 million to clear what it described as ‘identified and genuine request.’ The CBN Governor, Yemi Cardoso,...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised benchmark interest rate by 400 basis point from 18 5 percent to...
President Bola Tinubu has approved the appointment of Mr. Ibrahim Khalil Gaga as Executive Director, Corporate Services, at the Nigerian Export-Import Bank (NEXIM). This was contained...
Financial experts have projected that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will significantly increase the monetary policy rate by 150...
Ava Global Asset Managers Limited, an asset management firm and a member of the AVA Capital Group, is raising N20 billion under its N200 billion Infrastructure...
The Central Bank of Nigeria (CBN) through its Financial Policy & Regulation Department, has issued a draft revised Regulatory and Supervisory Guidelines for Bureau de Change...
The Nigerian Association of Road Transport Owners (NARTO) has suspended its planned nationwide strike. This followed a meeting with the Federal Government and stakeholders after tanker...