The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window. A top…
In a surprising development, the Central Bank of Nigeria (CBN) has reportedly devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window the previous…
The Central Bank of Nigeria has revoked the operating licenses of more than 170 mortgage banks and finance companies, as stated in a circular published on its website. Following this development, Eyowo, one…
The Central Bank of Nigeria, on Wednesday, raised its benchmark lending rate to 18.5 per cent, from 18 per cent, in an aggressive push to contain the nation’s inflationary pressure. The CBN governor,…
The Central Bank of Nigeria (CBN) has withdrawn the operational licences of 132 microfinance banks, four primary mortgage banks, and three financing firms in the country. It was reported in the Federal Government’s…
For the umpteenth time, some Nigerians are reportedly protesting at the headquarters of the Central Bank of Nigeria to demand the resignation and arrest of the CBN governor, Godwin Emefiele, over the new…
The Central Bank of Nigeria (CBN) has placed 7,552 account holders on the Bank Verification Number (BVN) watch list for fraud-related activities. This is a 25 percent increase when compared to 6,045 on…
The Central Bank of Nigeria (CBN) has recently made an announcement to address the increasing incidents of fraud in the financial sector. As part of their efforts to combat this problem, the CBN…
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their planned strike scheduled to commence on Wednesday over the scarcity of naira notes. The labour unions made this known…
The governor of Central Bank of Nigeria, Godwin Emefiele, on Monday appealed to the Minister of Labour and Employment, Chris Ngige, to prevail on the leadership of Nigeria Labour Congress (NLC) over its…
