CBN Press release on Skye Bank Plc 1. The Central Bank of Nigeria (CBN) would like to inform the general public of its decision to effect...
The Central Bank of Nigeria (CBN) has disclosed that the Nigeria economy is in recession as economic activities declined faster in June having turned negative in...
Some federal government agencies now operate bank accounts in violation of the Treasury Single Account (TSA). The TSA is a bank account or a set of...
Last week the Minister of Finance, Kemi Adeosun, told viewers of Channels TV that if Nigeria is to achieve sustainable growth it needs a planned...
Zenith, First Bank, Gtbank, Access Bank and Diamond are among the ten Nigerian banks that made the 2016 Top 1000 World Banks ranking by Financial Times....
The new foreign exchange policy yesterday received a $20 million foreign investment boost as the Central Bank of Nigeria, CBN, and Citibank Nigeria Limited executed the...
Central Bank of Nigeria (CBN) is set to resume dollar sales to Bureaux De Change (CBN), in a bid to arrest the continued depreciation of the...
The Refinery and Fertilizer projects of Dangote Industries Limited is expected to create a minimum of both direct and indirect job of 235,000 new jobs, as...
Nigerian banks lost N3 billion to fraudsters in 2015 with temporary staff accounting for 67 percent of the money lost. Nigeria Deposit Insurance Corporation (NDIC) disclosed...
The exit of Britain from the European Union (EU) has a number of immediate and remote implications for the Nigerian economy. First, the outcome of the...
***Says fiscal discipline is a destination, Minister of Finance, Kemi Adeosun, yesterday said that states must publish their accounts at end of every financial year to...
The Central Bank of Nigeria (CBN) has formally flagged off the Naira Settlement Foreign Exchange Market on Monday, June 27, 2016 in Lagos. Speaking at the...
Nigeria in the last 40 years or so has embarked on one economic reform or another with the slogan of economic diversification. It started with General...
—Banks’ profits drop by N11.1bn —Shareholders extol management for surviving challenging times Nine banks quoted on the Nigerian Stock Exchange, NSE paid 42.2 per cent or...
Nigeria’s swift one-step move to a floating currency has been welcomed by investors but most nonetheless will stay away until economy shows signs of recovering. Nigeria...