The depreciation in the value of the Naira has been attributed to the effects of the COVID-19 pandemic on the economy. The deputy governor, Corporate...
Central Bank Governor Godwin Emefiele has disclosed that the apex bank will not renew the operating licences of Bureaux de Change (BDCs). Emefiele, who spoke...
State governments will begin the repayment of the $2.1 billion Budget Support Facility granted to them by the Federal Government this month. This was announced...
Nigeria’s Apex bank, the Central Bank of Nigeria, has condemned the rate at which Nigerians mutilate, deface, squeeze and even spray and sell the naira...
Nigeria will soon create its digital currency, the Central Bank of Nigeria said as the bank continues to face questions over its ban on cryptocurrency...
The Central Bank of Nigeria has adopted the Nafex rate as the government’s official exchange rate for the naira, effectively devaluing the currency by 7.6 per...
Five of the major banks in the country, also known as Tier-1 banks, have posted whopping N683bn non-performing loans in the 2020 financial year, findings...
The Central Bank of Nigeria, CBN, has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with immediate effect. The apex bank...
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