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NNPC, CBN review decision on management of oil revenue

Nigeria, Feb. 9 -- The Nigerian National Petroleum Company (NNPC) Limited and the Central Bank of Nigeria (CBN) have reviewed the decision to domicile a significant portion of NNPC's revenues and bank... Read More


Worsening Economy: NLC, TUC talk tough, issue fresh ultimatum

Nigeria, Feb. 8 -- The Nigeria Labour Congress and the Trade Union Congress have given the federal government two weeks to commence the implementation of policies that will reduce the impact of the go... Read More


CBN's MPC will complement fiscal activities to improve economy - Cardoso

Nigeria, Feb. 6 -- The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will impact the growth of the Nigerian economy, central bank governor Olayemi Cardoso said on Monday. Expre... Read More


No plans to convert $30bn domiciliary deposits to naira - CBN

Nigeria, Feb. 3 -- The Central Bank of Nigeria on Saturday refuted claims alleging that the Nigerian government is contemplating the conversion of $30 billion in domiciliary deposits to naira. Accord... Read More


Facing FX crisis, Nigeria's Central Bank lifts exchange rate restrictions for IMTOs

Nigeria, Feb. 2 -- In a move to further liberalize the Nigerian foreign exchange market, the Central Bank of Nigeria on Wednesday lifted exchange rate restrictions for International Money Transfer Ope... Read More


CBN introduces new measures for banks to manage FX risks

Nigeria, Jan. 31 -- The Central Bank of Nigeria on Wednesday raised concerns over the increase in foreign currency exposures among Nigerian banks. In a bid to manage risks and prevent potential losse... Read More