Nigeria’s economic fortune is not looking brighter as foreign investors have continued to shun the country’s bond following concerns that the central bank will soon be forced to devalue the
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Stanbic IBTC saw its shares soar following a letter from the Central Bank of Nigeria (CBN) to the Financial Reporting Council of Nigeria backing the bank in their face-off. The
The Central Bank of Nigeria (CBN) has fined First Bank of Nigeria (FBN) and United Bank for Africa (UBA) a sum of N4.8 billion for non-compliance to the federal government’s
The naira depreciated against the dollar at the parallel market on Friday, closing the week at N225.5. The naira lost
Nigeria’s foreign exchange reserves have fallen again. The reserves which fell by $940m (N185 billion), about two weeks ago, has
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the Nigerian economy may plunge into recession in 2016.
The naira appreciated by one point against the US dollar after the Central Bank injected dollars into the Nigerian market
Eighteen states have so far benefited from the special intervention fund earlier approved by President Muhammadu Buhari. Over N322 billion
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has assured commercial banks that the Treasury Single Account (TSA)
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