Barely a month after the Federal Government through the Central Bank of Nigeria (CBN) raised the exchange rate for importation to N783/$, Nigerians are in for more hardship this yuletide as the rate was again raised to N952/$ yesterday...

Commercial banks in the country may be required to increase their capitalisation in coming months.

Stakeholders in real estate sector value chain have reinforced the need for the Federal Government and Central Bank of Nigeria (CBN) to re-capitalise Primary Mortgage Banks (PMBIs) with a view to positioning them to finance transactions, provide long-term funding to developers and end-users. They stressed the need for the government to provide easy access to…

Five months after the Central Bank of Nigeria (CBN) floated the Naira, the Federal Government yesterday adjusted the Nigerian Customs Service (NCS) Exchange Rate calculations of import duties from N770.88/$ to N783.174/$.

CBN Director, Corporate Communications, Isa AbdulMumin, who said this in Abuja yesterday, urged Nigerians to discountenance a text message going around alleging plans to introduce new currency into circulation.

The Central Bank of Nigeria (CBN) has refuted a report on Tuesday suggesting its intention to redenominate the country's legal tender, the naira.

The Senate yesterday considered two bills seeking to ban the governor of the Central Bank of Nigeria (CBN) and deputy governors of the apex bank from participating in politics.

.Dollar sustains upward swing as pressure on supply intensifies Nigeria’s currency, the Naira, is still under immense pressure as the Central Bank of Nigeria (CBN) continues to explore new mechanisms to address the forex challenge. The CBN Governor, Oluyemi Cardoso, in a policy document released in Abuja, said the apex bank is currently evaluating how…

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to stop utilising gains from their foreign exchange revaluation for dividends and operational expenditures. The new directive is contained in a letter signed by the CBN Director, Banking Division Department, Haruna Mustafa, on Monday. FX revaluation gains refer to the increase in the…

Nigeria's economic quagmire should create serious concerns for Nigerians, especially finance experts, the World Bank, Central Bank of Nigeria (CBN) and Chartered Institute of Bankers of Nigeria (CIBN) warned yesterday, as the Federal Government seeks partnership on its recovery mission. With rising poverty, near total dependence on importation, dwindling revenue generation and spending by the Federal…

There are fresh concerns over an alleged illegal surge in mining of data belonging to Nigerians through point of sales (PoS) terminals, a situation that is threatening the survival of agent banking, a scheme initiated to deepen financial inclusion in the country.

The suspended Central Bank of Nigeria (CBN) governor, Godwin Emefiele, on Wednesday allegedly opted for a plea bargain after his expected arraignment by the court stalled again. The matter was not listed on the cause list of a Federal Capital Territory (FCT) High Court in Abuja with no reason given as lawyers to both parties…