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Treasury bills

Ghana Lures Nigerian treasury bills investors with 18 percent rate

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Last week, in line with expectations, the Central Bank of Nigeria (CBN) crashed the stop rates of treasury bills to a single digit and...
Nigeria-Border with Republic of Benin

CBN Gov canvasses border closure for 2 years, says will wipe out banditry, insurgency

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Mooting border closure for at least two years, the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says it will decimate insurgency, banditry...
Central Bank of Nigeria

Nigeria’s central bank injects liquidity into market

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Nigeria's central bank has pumped 311.5 million U.S. dollars and 15 million Chinese yuan respectively into the financial system. The dollar intervention,...
Isaac-Okoroafor

CBN to severely punish banks hoarding forex

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The Central Bank of Nigeria (CBN) Friday said it is reviewing ways to toughen sanctions against financial institutions in the country that hoards foreign...
Banks

Nigeria’s apex bank moves to sanitize financial system

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Nigeria's apex bank Monday said it has taken necessary steps to ensure that the banking sector is not used to launder money in or...

CBN open bids for retail auction

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The Central Bank of Nigeria (CBN) has announced bids for retail auction by authorized dealers in the inter-bank foreign exchange market, following its intervention...

CBN advises Governors to boost creation of wealth and food security

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  State governors will only meet their pledge to make Nigeria a country that works for everyone if they pursue the success of CBN's Anchor...
Nigeria

Oct. 10 major Nigerian media outlets

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-- The Presidency has clarified that the recent raid of official quarters of some judges and their arrest by operatives of the Department of...

CBN: Skye Bank insists no Nigerian Bank is in Distress

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“In the strongest terms that these rumours and speculations are untrue and do not reflect the actual health of the individual banks and, indeed,...
Main opposition All Progressives Congress (APC) presidential candidate Mohammadu Buhari speaks after casting his vote at a polling station in the 'Gidan Niyam Sakin Yara A ward' at Daura in Katsina State on March 28, 2015. Voting began in Nigeria's general election but delays were reported countrywide because of technical problems in accrediting electors. AFP PHOTO/PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

Presidency debunks CBN, FIRS Secret Recruitment

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In a recent report, it was alleged that relatives and cronies of top government officials, including President Muhammadu Buhari and Vice President Osinbajo, were...
CBNhq

Nigeria Central Bank To Limit Cash Withdrawals On Counter To N10, 000

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Already, commercial banks in the country have begun to enforce the new regulation. A visit to some banks in Abuja revealed that customers were made...
CBN

June 2 major Nigerian media outlets

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-- After decades of widespread pollution, President Muhammadu Buhari will on Thursday begin the remediation of the Ogoni environment in line with the United...
oil

Nigeria’s economy is collapsing under depreciation and oil crisis

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by Bosun Awoniyi This is not the best time for Nigerian economy as it is degenerating into a serious crisis unless something urgent is...
CBN

Nigeria witnesses increase in demand for foreign exchange

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Tokunbo Martins, a deputy governor in the Central Bank of Nigeria (CBN) made this known when she briefed newsmen at the end of the...
Godwin Emefiele

Nigeria holds standard rate of interest at 11 percent

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CBN Governor Godwin Emefiele made the announcement at a news conference here on the outcome of the Monetary Policy Committee (MPC) meeting. The governor...
CBN

Nigeria central bank stops forex sale to Bureau De Change operators

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CBN governor Godwin Emefiele announced the move at a news conference on Monday in Abuja, saying it was due to the "dishonest activities" of...

Nigerian rate cut expected to boost stock market

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The head of the banking and finance department at the Nasarawa State University, Uche Uwaleke, said the rate reduction from 13 per cent to...
CBN

Nigeria says no bank has capital inadequacy problem

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"This has been a subject of topical discussion of late. Let me confirm that there is no bank in Nigeria that has capital inadequacy...
NNPC

Nigeria’s ruling party calls for probe of missing gas dividends

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Nigeria's ruling party, the All Progressives Congress (APC) on Wednesday renewed its call on the government to probe dividends paid to the Nigeria National...
mobile

Nigeria records US$25 million annual mobile money transaction

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Nigeria's transactions in mobile money was worth 25 million U.S. dollars annually, the country's apex bank said on Monday. Dipo Fatokun, the Director in...

Buhari And His Anti-Corruption Regime

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By Ogah Simeon Since the results of the March 28th National Assembly and Presidential elections where the All Progressives Congress (APC), took lead, there has...
Benjamin Uwajumogu

Speaker Tasks Women And Youth

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In a bid to provide a proactive and informed representation to the people of Okigwe senatorial zone, the Speaker Imo State House of Assembly,...

Former CBN governor warns against sharing excess crude revenue

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Chief Joseph Sanusi, a former Governor of CBN has advised the Federal Government not to succumb to pressure to share the excess crude...

Between Sanusi?s Megalomania And The Evil Spirit At The Mint

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 ? By Theophilus Ilevbare Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi, the volcano as he is now fondly called in some quarters, had...

Labor Demands Lamido Sanusi?s Sack

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CBN Gov Labour leaders Wednesday rose from a meeting and unanimously called for the head of the governor of the Central Bank of Nigeria...

CBN supports $75 p/b oil benchmark for 2013

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Calls on the government to significantly increase capital spending The CBN Governor, Malam Sanusi Lamido Sanusi said the apex bank has endorsed the 75...

CBN announces N1.021tr revenue for August

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Amount is 26.4% higher than the monthly budget estimate The Central Bank of Nigeria (CBN) has announced the sum of N1.021 trillion as the...

Sanusi, stakeholders reject bill amending CBN Act

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The Central Bank of Nigeria (CBN) and some stakeholders in Abuja, on Monday, rejected a bill seeking to remove the regulator?s governor, deputy governors...

CBN, Union Bank trade tackles in CBN Cup Final

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Penniel MFB and Badawa MFB will battle for 3rd place Calabar, the new destination for Nigeria football, bubbles again this Saturday when the grand...

CBN to auction N111.26 billion in T-bills

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The bills will have maturities ranging from 3-months to 1-year Nigeria will auction 111.26 billion naira ($706.41 million) of treasury bills with maturities...