Ahead of the deadline of the Central Bank of Nigeria, CBN, cashless policy, suspected Islamic State of West Africa Province, ISWAP, members have reportedly distributed some huge sums of old naira notes to commuters in the Lake Chad Basin. The…
Traders in Enugu have lauded Central Bank of Nigeria (CBN) for extending the deadline for the exchange of old naira notes by 10 days. They said the decision had brought back life to their business activities which had been stagnated…
A woman has reportedly bitten the breast of another woman during a fight at a petrol station in Delta State. The women were reportedly fighting over positions in the fuel queue. Both women are said to be black market fuel…
The Speaker of the House of Representatives, Femi Gbajabiamila, has declared his readiness to issue a warrant of arrest on the Governor of the Central Bank of Nigeria, Godwin Emefiele if he fails to appear before its committee on Thursday.…
The maximum lending rate in the banking sector hit 29.13 per cent, while savings deposit rates stood at 4.13 per cent as of December 2022. On Monday, figures from the Central Bank of Nigeria on money market indicators were revealed.…
Ahead of the two-day Monetary Policy Committee meeting of the Central Bank of Nigeria commencing on Monday, financial experts have expressed uncertainties over possible interest rate hike. As part of its event calendar for 2023, the CBN disclosed that it…
The governors of the 36 states have summoned the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, over the withdrawal policy and the redesigned naira notes. The governors, under the auspices of the Nigeria Governors’ Forum, through its spokesperson, Abdulrazaque…
The Central Bank of Nigeria reported Nigeria’s external reserve printed at $40.5 billion as of December 23rd, 2021, two days to Christmas. However, a closer look at the data suggests we are in one of the worse runs since 2019.…
The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate Communications, Nnamdi Okwuosa, said this at the CBN Fair to sensitise stakeholders and the general public in Abia and Ebonyi…
The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a report, titled ‘Guidelines for the implementation of tertiary institutions entrepreneurship…
