$1tn economy: Mergers, acquisitions loom as CBN plans banks’ recapitalization
Mergers and acquisitions are on the horizon for Nigeria’s Deposit Money Banks as they prepare for another round of recapitalization, aligning with the country’s target […]
CBN
BREAKING: FG to dock Ex-CBN Gov, Emefiele today on alleged economic sabotage criminal charges
The Federal Government is set to initiate legal proceedings today against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), on charges […]
Breaking News: court has mandated the immediate release of the former Governor of CBN, Emefiele.
The Federal Capital Territory High Court has issued a direct and immediate command for the prompt release of the former Governor of the Central Bank […]
CBN denies currency redenomination as C’ttee assures of Naira stability by Dec
The Central Bank of Nigeria (CBN) has confirmed that it does not have any plans to redenominate the Nigerian currency, the Naira. CBN’s Director of […]
FDI Inflow to Telecoms Sector Falls By 47%, Industry Gets $399.9m
•Nigerians Consume 518,381 Terabytes of Data Harsh economic conditions, insecurity and foreign exchange (FX) crisis might have contributed significantly to the drop in foreign direct […]
CBN limits cash withdrawal to N100,000
Central Bank of Nigeria (CBN) has pegged cash withdrawal per week for an individual to N100,000 and N500,000 for corporate organisations. It also limited Individual […]
Naira redesign: CBN pledges to protect rural Nigerians
The Central Bank of Nigeria has pledged to protect Nigerians in the unbanked, underserved and rural areas as it plans to redesign the naira. In […]
Arabic Inscription Won’t Be Removed from new naira notes – Sanusi
Former Emir of Kano, Muhammadu Sanusi, has assured that the Arabic inscription in the naira notes would not be removed from the redesigned currency. Sanusi […]
Naira Drops to N800 per Dollar
The naira has plunged to yet another all-time low, trading at 800 to the dollar at Aboki Forex, a secondary exchange site. According to reports […]
CBN Raises Interest Rate to 14%
The Central Bank of Nigeria, on Tuesday, raised the interest rate to 14 per cent. The new interest rate comes barely two months after the […]