Naira Depreciates Slightly Against Dollar
The naira, on Friday, depreciated slightly against the dollar at the close of trading at the parallel market. The News Agency of Nigeria , reports that the nati
Suffering Amid Plenty
The office of the Accountant General of the Federation (OAGF) has revealed that, as at the end March, not less than N3trn Federal Government funds hitherto hel
Naira Remains At N321 To Dollar At Parallel Market
The Naira on Friday traded at N321 to the dollar at the parallel market. The NAN reports that the Naira remained stable at N321 for almost a week. However, the
Naira Drops Parallel Market; Dollar, Pound Sterling, Euro Now N320.5, N457, N361 Respectively
The Naira on Wednesday depreciated slightly, exchanging at N320.5 to the dollar at the parallel market. The NAN reports that the naira lost 50 kobo on Wednesday
Forex Scarcity Is Bringing Out The Best In Nigerians – CBN Governor
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele has observed that the current scarcity of foreign exchange, forex, confronting the country
Monthly Import Bill Averages N102 Billion, Says CBN
Emefiele Institutions must offer skills in self-sufficiency The nation's import-related demand for foreign exchange rose to N102 billion monthly, despite the sl
Interest Rate To Increase – CBN
The Central Bank Governor, Godwin Emefiele, on Saturday revealed that Nigeria's interest rate will increase due to the rising inflation rate. Emefiele disclosed
FG Plans On Yuan Forces Dollar Rate Down – Bureau De Change Association
The President, Association of Bureau De Change Operators of Nigeria, Mr Aminu Gwadabe stated the Federal Government's plan to increase the availability of renmi
Nigeria Will Deal With Economic Challenges Without Borrowing Funds – Adeosun
The Minister of Finance, Mrs Kemi Adeosun, says Nigeria must not take loan facility from the International Monetary Fund to overcome its economic challenges. Th
Customs Seeks Review Of CBN’s Forex Policy
Forex Citing revenue shortfall to the tune of N230billion in the last quarter of 2015, the Comptroller- General of Nigeria Customs Service (NCS), Col Hameed Ali
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
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