CBN Dissolves First Bank Board, Appoints Replacement
News Business

CBN Debunks Obaseki’s Claim On Ailing Economy

The Central Bank of Nigeria and the Federal Ministry of Finance, Budget and National Planning have denied knowledge of the claim that Nigeria printed N50-N60

CBN To Freeze Account Of 194 BDC Operators
Business

CBN To Freeze Account Of 194 BDC Operators

The Central Bank of Nigeria (CBN) is set to freeze 194 bank accounts owned by Bureaux de Change firms and other organisations so as to

IMF To Support Nigeria, Other Low-Income Countries On Poverty Reduction
Business

IMF To Support Nigeria, Other Low-Income Countries On Poverty Reduction

The International Monetary and Financial Committee, the policy advisory committee of the Board of Governors of the International Monetary Fund, has said it will introduce

Seplat Petroleum Posts $114.4m Loss On OML 55
News Business

Seplat Set To Issue $650 Million Corporate Bond

Seplat Petroleum Development Company Plc is floating a $650 million bond that is due in 2026. The amount is the largest ever bond to be

Borrowing Is Not A Crime - FG Defend Rising Debt Stock
News Business

CBN New Policy Proposes N5 Rebate For Every Dollar Remitted

The Central Bank of Nigeria has introduced a rebate of N5 for every $1 of fund remitted to Nigeria, through International Money Transfer Organisations in

Do Not Despair, Things Will Get Better - Osinbajo Tell Nigerians
News Business

CBN Backs Govt. Decision To Sell National Assets

The Central Bank of Nigeria (CBN) has thrown its weight behind the federal government’s decision to sell its least valued assets and use funds from

Do Not Despair, Things Will Get Better - Osinbajo Tell Nigerians
News Business

Osinbajo Calls For Regulation Of Cryptocurrencies As Against Outright Ban

Vice President Yemi Osinbajo has frowned at the recent ban on cryptocurrency transactions while calling for the regulation of digital currencies as against outright prohibition.

IMF Backs CBN On Cryptocurrency Ban
Business

IMF Backs CBN On Cryptocurrency Ban

The International Monetary Fund (IMF) has backed the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.

JUST IN: Nigeria's Food Inflation Hits 22.95
Business

Food Prices Soar As Nigeria’s Inflation Rate Hit 16.47%

Nigeria’s inflation rate has to 16.47% (year-on-year) in January 2021 as against 15.75% recorded in December 2020. This was contained in the latest report released

Senate Approves N216b Budget For FIRS
Business

Senate Summons CBN, SEC Over Ban On Cryptocurrencies

The Senate has summoned the Governor of Central Bank, Godwin Emefiele, and Securities Exchange Commission for an explanation for the recent ban on Cryptocurrency operations