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NACCIMA speaks on CBN forex backlog

Nigeria, March 26 -- The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) on Monday expressed concerns over the clearing of the Central Bank of Nigeria forex bac... Read More


JUST IN: CBN raises interest rate

Nigeria, March 26 -- The Central Bank of Nigeria (CBN), on Tuesday, raised the interest rate by 200 basis points from 22.75 per cent to 24.75 per cent amid soaring inflation. The central bank made th... Read More


CBN sells dollars to BDCs at N1,251/$1

Nigeria, March 26 -- The Central Bank of Nigeria on Monday disclosed that it sold $10,000 to each Bureau De Change operators at a rate of N1,251 per U.S. dollar. The bank disclosed this in a circular... Read More


MPC: Experts predict CBN's monetary policy decision

Nigeria, March 26 -- As the Central Bank of Nigeria (CBN) scheduled Monetary Policy Committee (MPC) meeting begins Monday, analysts have made projections about possible resolutions of the committee. ... Read More


FG files tax evasion charges against Binance

Nigeria, March 25 -- The federal government of Nigeria on Monday initiated criminal proceedings against Binance, a leading cryptocurrency exchange platform. The Federal Inland Revenue Service (FIRS) ... Read More


Addressing inflation requires more than monetary policy - MPC member

Nigeria, March 22 -- A member of the Central Bank of Nigeria's Monetary Policy Committee (MPC), Murtala Sagagi, has highlighted the complex nature of Nigeria's inflation challenges. According to him,... Read More


Nigeria's Central Bank clears all 'valid' FX backlog, increases country's foreign reserves

Nigeria, March 21 -- The Central Bank of Nigeria (CBN) on Wednesday announced it has cleared all 'valid' foreign exchange backlogs. This move, announced by the bank's Acting Director of Corporate Com... Read More


Zenith Bank gets first female GMD/CEO

Nigeria, March 19 -- Zenith Bank Plc has announced the appointment of Adaora Umeoji as its Group Managing Director/Chief Executive Officer, effective from 1 June. This appointment marks the first tim... Read More


CBN reiterates directive to banks on utilisation of forex gains

Nigeria, March 17 -- The Central Bank of Nigeria (CBN) has reaffirmed its directive to banks regarding the utilisation of foreign currency (FCY) revaluation gains. In a circular released by the bank ... Read More


CBN speaks on fertiliser donated to boost food production

Nigeria, March 17 -- The Central Bank of Nigeria (CBN) has provided clarifications regarding its recent donation of 2.15 million bags of fertilisers to farmers across the country through the Federal M... Read More