By Sodiq Adelakun The Central Bank of Nigeria (CBN) has revealed that the total Assets of the banking industry increased by 47.21 per cent to N30.92 trillion just as the industry’s Non-Performing Loans (NPLs) declined to 4.1 per cent as…
The Central Bank of Nigeria has released a series of operational changes to Bureau De Change operations amid the forex crisis. The apex bank disclosed this on Friday in a newly outlined measures to curtail BDCs operations in Nigeria and…
Prominent Taraba indigenes have frowned at Governor Agbu Kefas’ move to secure N206 billion in loans from commercial banks. Abdullahi Usman, an economic analyst, who alleged that the proposed loan violates laws guiding the process of loan application by the…
The Central Bank of Nigeria says undocumented diaspora remittance is the reason for the continued fall in Naira in the foreign exchange market. The Acting Governor of the CBN, Folashodun Shonubi, disclosed this recently while delivering a lecture titled “Diaspora…
In view of the rise in illegal sales of forex, the Central Bank of Nigeria (CBN) has threatened to punish erring commercial banks involved in the illegality. The Acting Governor of the Apex Bank, Folashodun Shonubi disclosed this during a…
By Sodiq Adelakun The acting Governor, Central Bank of Nigeria, Folashodun Shonubi, has said the bank will address the demand pressure on the country’s exchange rate, as the naira continued to slide against the dollar. He gave the assurance while…
The Naira on Tuesday appreciated against the dollar, exchanging at N791.42 at the Investors and Exporters window. According to news, the Naira gained by 0.08 per cent compared with N792.04 which it exchanged for the dollar on Monday. The open…
