CBN Reaches Agreement With China’s ICBC On Yuan
PMB and Xu Shaoshi, Chair of National Reform and Development Comm, at Opening Ceremony of China-Nigeria Business Forum in Beijing, China on April 12, 2016. Chin
Financial Stocks Contribute 86% Of Exchange’s N3.7b Turnover
PHOTO; businessnews.com.ng The financial services industry led the activity chart in terms of volume on the floor of the Nigerian Stock Exchange (NSE) last week
Your Forex Policy Is Distorting The Economy – IMF Tells Buhari
The International Monetary Fund, IMF, has expressed delight with the "progress" made by President Muhammadu Buhari in fighting corruption and insurgency, but re
Stock Market Investors Lose N1.1 Billion In Q1
PHOTO; businessnews.com.ng With over 12 per cent loss suffered by stock market investors as a result of unprecedented fall in equities price, stakeholders in th
CBN To Sell N219bn Worth Of Treasury Bills At Auction
The Central Bank of Nigeria (CBN) says it plans to sell N218.89 billion worth of treasury bills on April 7. The CBN disclosed this in its treasury bills issuing
Why Naira Should Not Be Devalued — Oshiomhole
The Governor of Edo State, Adams Oshiomhole, on Thursday in Lagos defended the Federal Government's refusal to devalue the naira. Mr. Oshiomhole said, while del
Sanusi Criticizes CBN's Forex Regulations
Nigeria's former Central Bank Governor and now Emir of Kano, Sanusi Lamido, believes the country's current exchange rate policies are doomed to fail. Sanusi, in
CBN Vows To Punish Banks Aiding Money Laundering, Terrorism Financing
The Central Bank of Nigeria (CBN) has stated it would shut down any bank that connives with government officials to steal public funds or aide in the finance of
TSA: Senate Asks CBN To Stop 1% Payment To Consultant
The Senate has asked the Central Bank of Nigeria (CBN) to immediately cancel the contract awarded to a private firm, Remita, which implements the federal govern
Reps Investigate CBN Over N400bn Intervention Projects
The House of Representatives yesterday, directed its committee on Banking and Currency to investigate the legality of the N400 billion contractual transactions
CBN Must Devalue Naira, Ease Dollar Restrictions – Sanusi
Former the Central Bank of Nigeria (CBN) governor, Mr. Lamido Sanusi, has stated CBN will have to devalue the naira and loosen monetary policy in order to stimu
Banks, BDCs Must Demand BVN From Nov. 1 – CBN
The Central Bank of Nigeria (CBN) has stated that from November 1, 2015, prospective buyers of foreign currencies must show their Bank Verification Numbers to b
Beware Of A New Form Of Money Laundering – CBN
The Central Bank of Nigeria (CBN) has raised alert over a new form of money laundering which must be checked now to save the country from international sanction
Six Banks Fail CBN's Stress Test
Stress tests conducted by the Central Bank of Nigeria (CBN) on 23 Deposit Money Banks (DMBs) have shown that 'six small banks' Capital Adequacy Ratios (CARs) fe