Friday, 8th December 2023

Central Bank of Nigeria

14 hours ago
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...
25 Nov
Commercial banks in the country may be required to increase their capitalisation in coming months.
20 Nov
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…
10 Nov
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/$.
1 Nov
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.
31 Oct
The Central Bank of Nigeria (CBN) has refuted a report on Tuesday suggesting its intention to redenominate the country's legal tender, the naira.
26 Oct
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.
13 Oct
.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…
12 Sep
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…
6 Sep
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…
4 Sep
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.
23 Aug
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…


A 17-year-old boy, Lawali Mori, has been arrested for unlawfully engaging in carnal knowledge with a rooster, in what the Adamawa State Police Command has classified as " against the order of nature."
1 hour ago
. Ask SDP to produce valid proofs of petition filing within 21-day window . Say Tribunal Secretary's claims of attack suspicious, must be investigated . Call on President Tinubu, security chiefs to protect colleague, nab sponsors of violence Over 400 lawyers, on Friday, raised the alarm over persistent threats to the life of one of…
1 hour ago
Accountability Lab has honoured Ministry Department and Agencies (MDAs) of government and individuals who stood against corrupt practices while discharging their duties in the public service. The five integrity icons, Nkwada Ogechukwu from Government secondary school Ebonyi state, Catherine Ogunjebi, head of legal services, Ondo state contributory health commission, Lois Akut, a medical doctor in…
3 hours ago
The UN said Friday it hopes the multinational security force heading to Haiti to help combat violent gangs will deploy before April.
3 hours ago
Former Super Eagles striker Joseph Akpala will take charge of Belgian club Kortrijk on a temporary bases. The club announced on their X handle that Akpala will handle the team pending the arrival of a new coach. Akpala was put in charge of the team following the sacking of former handler Glen De Boeck. The…
3 hours ago
NeGSt-TAS Technologies has entered into strategic partnership with the Estate, Rent & Commission Agents Association of Nigeria (ERCAAN) on the digitization of the real estate sector. The signing ceremony took place at the ERCAAN Lagos State Secretariat at Oshodi. This is contained in statement signed by Assistant General Manager, Marketing (South) NeGSt-TAS Technologies Ltd, Efosa…
3 hours ago
Former Sierra Leone president reported to police in Freetown on Friday to be questioned over what the government has called an attempted coup at the end of November, an AFP journalist said. Koroma, who led the West African nation for 11 years until 2018, arrived at around 10:00 am local time (1000 GMT) at the…
3 hours ago
Dangote Oil Refinery on Friday confirmed the arrival of the first one million barrels of crude shipment so as to commence fuel production.
4 hours ago
N-Power beneficiaries announce nationwide protest over nine-month unpaid stipends
4 hours ago
The Nigerian Army on Friday announced it will hold the COAS Annual Conference 2023 for seven days in Maiduguri, the capital of Borno State.