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‘We stand by our story’ — Daily Trust replies CBN on naira devaluation report

    ‘We stand by our story’ — Daily Trust replies CBN on naira devaluation report

Daily Trust Newspaper, a Nigerian prominent media platform, says it stands resolutely on its report that the Central Bank of Nigeria (CBN) devalued the naira. On Thursday, the newspaper’s report

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Report of naira devaluation false, says CBN

    Report of naira devaluation false, says CBN

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the importers’ and exporters’ (I&E)

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Tinubu resumes at Aso Villa, meets Emefiele, Kyari over petrol scarcity

    Tinubu resumes at Aso Villa, meets Emefiele, Kyari over petrol scarcity

President Bola Tinubu on Tuesday resumed office at the presidential villa in Abuja.  The president was sworn in on Monday at Eagle Square, taking over from former President Muhammadu Buhari

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18% interest rate hike, capital importation… 7 business stories to track this week

    18% interest rate hike, capital importation… 7 business stories to track this week

Here are the seven top business news you need to track this week — May 29 to June 2. NIGERIA SWEARS IN NEW PRESIDENTS, GOVERNORS MAY 29 Bola Tinubu, President-elect,

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Naira falls to N775/$ at parallel market as dollar demand rises

  Naira falls to N775/$ at parallel market as dollar demand rises

The naira, on Friday, tumbled to N775 per dollar at the parallel section of the foreign exchange market. The figure

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NDIC to commence sale of closed banks’ assets, refund depositors

  NDIC to commence sale of closed banks’ assets, refund depositors

Following the revocation of licences of some microfinance banks (MFBs) and primary mortgage banks (PMBs) by the Central Bank of

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FG approves policy to enable banks issue debit cards that serve as national IDs

  FG approves policy to enable banks issue debit cards that serve as national IDs

The federal executive council (FEC) has approved a new policy that allows commercial banks to issue customers with debit cards

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CBN raises interest rate to 18.5% ‘to tame inflation’

  CBN raises interest rate to 18.5% ‘to tame inflation’

The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest

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FULL LIST: CBN revokes licences of 139 microfinance, primary mortgage banks

  FULL LIST: CBN revokes licences of 139 microfinance, primary mortgage banks

The Central Bank of Nigeria (CBN) says it has revoked the operating licences of 132 microfinance banks, three finance companies,

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‘98.5% of wallets unused’ — IMF says eNaira adoption disappointingly low

  ‘98.5% of wallets unused’ — IMF says eNaira adoption disappointingly low

The International Monetary Fund (IMF) says 98.5 percent of eNaira wallets have not been used even once. In its recently

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