CBN
25 Mar
Nigerian banks have always sought opportunities for offshore expansion to boost their revenue and attract investment. Lately, though, the drive for global opportunities to hedge domestic risks has intensified. In 2023, three foremost banks, as part of their expansionary initiatives, took bold steps that are expected to unlock value for them in the international market.
21 Mar
The Association of Foreign Airlines and Representatives in Nigeria (AFARN) has contradicted the Central Bank of Nigeria's (CBN) recent announcement that it has cleared all outstanding foreign exchange obligations to airlines. AFARN President Kingsley Nwokeoma told BusinessDay that foreign airlines are still owed payments. Nwokeoma requested that CBN should "show us figures" on how much…
21 Mar
The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled.
21 Mar
The Central Bank of Nigeria (CBN) yesterday, says it has successfully settled all outstanding foreign exchange (FX) obligations. Acting director of corporate communications at CBN, Hakama Sidi Ali, disclosed this in a statement on Wednesday.
20 Mar
Worsening economic downturn and attendant hunger may have widened the floodgate of activities for digital money lenders, with many loan sharks targeting poor and vulnerable Nigerians.
20 Mar
In less than three months, covering January to last week, deposit money banks (DMBs) drew N24.13 trillion from the Central Bank of Nigeria (CBN) through the discount window to meet short-term obligations, a trend that points to some liquidity gap in the financial system.
20 Mar
As part of renewed efforts to boost financial literacy among school children, the Central Bank of Nigeria (CBN) has promised to make the National Financial Literacy Curriculum available in October.
18 Mar
As inflation spiked to a fresh height last month, curbing the unpleasant situation is undoubtedly one of the major tasks that will be confronting the Central Bank of Nigeria’s (CBN) Monetary Policy Committee as it meets next week.
18 Mar
Real estate has historically provided a strong inflation hedge, but rising interest rates and the looming housing crisis are raising concerns among property developers, mortgage operators and professionals.
17 Mar
The way in which the high and mighty in Nigeria were weeping during the nights of tribute for Dr. Herbert Wigwe, who, at the time of his demise, was the Chief Executive Officer (CEO) of Access Holdings, is reminiscent of how North Koreans openly wept when their leader Kim Jong-il passed away in 2011
15 Mar
To break the vicious cycle of inflation and low growth, there is a need to adopt structural reform that would support economic growth and mitigate the impact of monetary policy changes.
14 Mar
Months after the Central Bank of Nigeria (CBN) halted direct intervention in the economy, the monetary authority has allocated 2.15 million bags of fertilizer valued at N100 billion to the Federal Ministry of Agriculture and Food Security for distribution to farmers.
Latest
1 day ago
President Bola Tinubu has appointed a new board to oversee the affairs of the Securities and Exchange Commission (SEC). Tinubu announced the appointment of seven Nigerian professionals on Friday in a statement by presidency spokesman, Ajuri Ngelale. The SEC board has Mairiga Aliyu Katuka as Chairman; Emomotimi Agama is Director-General while Frana Chukwuogor is Executive…
1 day ago
The Nigeria Customs Service (NCS) has warned the public not to fall for a video suggesting it is auctioning vehicles. NCS on Friday refuted the video with scandalous narration announcing a purported auction of vehicles. Customs issued a statement on Friday to alert the general public on the video while warning them not to fall…
1 day ago
A man set himself on fire Friday outside the court where Donald Trump is standing trial in Manhattan, with officers rushing to extinguish the flames. Burning clothes were strewn in the park, which was locked down by authorities, while ambulances lined up nearby on standby, an AFP correspondent at the scene saw, describing a strong…
1 day ago
Leul Gebreselassie, the second Ethiopian man to win the men's title at the Okpekpe international 10km road race, will be gunning for his first major marathon win on Sunday at the London Marathon. The London Marathon is one of the six major marathons in the world. The rest are Boston, Berlin, New York, Tokyo, and Chicago…
1 day ago
The Delta State Police Command has urged Point-of-Sale (POS) operators to be cautious when handling large cash transactions, particularly those involving armed individuals. It noted that customers requesting large cash transactions should be accompanied by a video by the POS operator. Police spokesperson, SP Bright Edafe, stated on Friday in a post on X, noting…
1 day ago
Lagos State government on Friday said it has apprehended 10 fake enforcement officials around the Cele/Itire axis of the Apapa-Oshodi Expressway of the state. The apprehended persons; Ojo Oluwaseun, Rafiu Agbabiaka, Babatunde Ibrahim, Abiodun Olusegun, Daniel Olanrewaju, Aweda Kabiru, Olufowobi Michael, Olamilekan Olasupo, Bunmi James and Iyiola Shola(female) were caught carrying out unauthorised enforcement using…
1 day ago
Mikel Arteta has urged Arsenal to prove they have the mental strength to bounce back from a painful spell that wrecked their Champions League challenge and dented their Premier League title bid.
1 day ago
Pep Guardiola has revealed Erling Haaland could miss Manchester City's FA Cup semi-final against Chelsea at Wembley on Saturday.