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Nigerian govt orders business owners to stop N50 POS charge

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The federal government has reacted to the N50 stamp duty imposed on consumers for transactions. The Federal Competition and Consumer Protection Commission (FCCPC) said it...

CBN speaks on reductions in Nigeria’s annual Imports Bill

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The Central Bank of Nigeria (CBN), says there has been significant reductions in Nigeria’s annual Imports Bill,NAN reports. The CBN Deputy Governor, Corporate Services, Mr...

CBN Governor marginalising South East, South West – Group claims

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The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has been accused of marginalising South East and South West in intervention programmes of the...

CBN sends strong message to banks on giving loans

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The Central Bank of Nigeria has directed commercial banks to raise their Loan-to-Deposit Ratio from 60 to 65 per cent before December 31, 2019...

Reps orders CBN to suspend cashless policy

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The House of Representatives has asked the Central Bank of Nigeria to suspend the planned Cashless policy. The House resolved to mandate the committee on...

‘The whole thing reeks of a desperate move to generate revenue’...

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The Central Bank of Nigeria (CBN) just announced that the full implementation of the cashless policy will become effective from March 31, 2020. In...

CBN laments power supply in Nigeria

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The Central Bank of Nigeria (CBN) says some firms in the country have identified insufficient power supply, high interest rates and unfavourable economic climate...

BREAKING! President Buhari Orders CBN To Blacklist Firms Importing Palm Oil

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President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping palm...

CBN targets stable exchange rate to protect Naira’s strength

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A stable exchange rate to avoid depreciation of the naira is Nigeria’s target now, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday. He...

What will happen to Nigerians spraying Naira notes at parties –...

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The Bankers’ Committee of the Central Bank of Nigeria, CBN, has said those who “spray” naira notes at parties risk going to jail for...

No cause for alarm over Nigeria’s $44bn foreign reserves – CBN

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he Central Bank of Nigeria (CBN) has allayed worries over the fluctuation in Nigeria’s external reserves. It assured that with its current level at over...

Don’t panic, your money is intact — CBN assures all Ex-skye...

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The Central Bank of Nigeria has asked all customers of former Skye Bank now Polaris bank, not to fret or panic as their money...

CBN boosts foreign exchange market with $210m

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The Central Bank of Nigeria says it has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customer’s request in...

Nigeria ‘ll regain food exporter’s status —Buhari

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President Buhari addressing Nigerians. PRESIDENT Muhammadu Buhari, has pledged the federal government’s commitment towards a constant review and strengthening of ongoing reforms in the agriculture...

Abuse Naira, Go To Jail – CBN Warns Nigerians

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Anyone caught abusing the naira would be prosecuted and if convicted the person risked six months in jail fine of N50, 000, the Central...

BVN: Govt accuses CBN, banks of shielding rogues

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Banks, BVN Attorney-General replies to banks’ objection Banks and their supervisor, the Central Bank of Nigeria (CBN), have been accused of working to derail the government’s...

CBN Releases 2018 Economic Forecasts, Targets $40bn For External Reserves

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Nigeria Will Be Out Of Recession By Third Quarter – CBN Governor The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has...

New CBN Deputy Governor Aishah Ahmad’s Profile

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Beautiful Aishah Ahmad (40), the candidate for Central Bank of Nigeria (CBN) deputy governor nominee is young and has a resume that will make...

President Buhari Nominates Aishah Ahmad For The Post Of CBN Deputy...

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President Muhammadu Buhari has forwarded the name of Mrs Aishah Ahmad to the Senate for confirmation as Deputy Governor of the Central Bank of...

“None of our officials was arrested by EFCC” – CBN

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The Central Bank of Nigeria (CBN) has responded to reports that its officials were arrested by the Economic and Financial Crimes Commission (EFCC), branding...

‘Saudis Need 120,000 Heads Of Goat/Sheep Per Week From Nigeria’ –...

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Nigeria Will Be Out Of Recession By Third Quarter – CBN Governor The citizens of Saudi Arabia may need up to 120,000 heads of frozen...