The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in…
The Central Bank of Nigeria’s Treasury Bills auction for a 364-Day tenor, which sought to raise N258.5 billion from investors, recorded an oversubscription of 22.7%, as interest rate rose to 7% compared to 6.07% recorded in the previous month. This…
By Ridwan Adekunle TAJBank Limited, Nigeria’s leading non-interest bank, has secured the approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday. Joda…
…Asks court to freeze 157 accounts of accused companies …There must be grave consequences for offenders — Yusuf …CBN must follow due process — Ehindero By Uthman Salami, Ariemu Ogaga and Matthew Denis The Central Bank of Nigeria (CBN) has…
The Central Bank of Nigeria (CBN) has clarified the statement made by the Governor, Godwin Emefiele, at Tuesday’s post-Monetary Policy Committee (MPC) meeting briefing, warning bank customers against converting the naira to foreign exchange, for electioneering purposes. The Bank’s director,…
The Lagos Chamber of Commerce and Industry (LCCI) has stressed the need for a corresponding boost to supply side factors of inflation to accompany the monetary policy instruments by the Central Bank of Nigeria (CBN) to tackle inflation. Dr Chinyere…
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that the race to 200 billion dollars in foreign exchange repatriation (RT200) has generated over 2.9 billion dollars as at June. Emefiele said this on the sidelines…
By Seun Ibiyemi Barely two months after the the apex bank raised the interest rate to 13 per cent, again the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the benchmark interest rate to 14 per…
The Commissioner for Information and Voter Education of the Independent National Electoral Commission (INEC), Festus Okoye, has said the commission is going to have talks with the Central Bank of Nigeria to try and resolve issues concerning the storage of…
Financial Expert, Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to ensure a complete review in all the rates in Monetary Policy Rates. Unegbu gave the advice ahead of the CBN two-day Monetary Policy Committee (MPC) meeting for…
