Nigeria’s inflation rate has risen to 20 percent above the World Bank’s projection of 15.5 percent, despite the Central Bank of Nigeria (CBN) raising the country’s...
Despite the continuous appreciation of oil prices in the country, the Organization of Petroleum Exporting Countries (OPEC) has said that Nigeria and other countries may incur...
The Central Bank of Nigeria (CBN) said it released a total of N595.34bn to commercial banks in the two months. The apex bank said it becomes...
A monthly data report by the Central Bank of Nigeria (CBN) showed that the country recorded the sum of $10.75bn foreign exchange inflow in two months....
The National Bureau of Statistics disclosed in a recent publication that capital importation into Nigeria plummeted by 81.46 per cent ($6.91bn) from $8.49bn in the first...
Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele says the apex bank remains committed to developing the agricultural sector and other sectors of the...
Figures obtained from the Central Bank of Nigeria (CBN) have shown that the external reserves returned to a growth path after gaining $679.12m in June. According...
President Muhammadu Buhari will on Wednesday (today) depart Abuja to join his counterparts in Dakar, Senegal, to participate in the International Development Association (IDA) for Africa...
The Central Bank of Nigeria has recorded a rise of N11.15 trillion to N64.32tn in banks’ total assets in one year as of the end of...
The banking sector based on statistics recorded a total of N1.21 trillion in non-performing loans as of the end of February 2022 amid the devastating economic...
Deposed Emir of Kano, Muhammadu Sanusi ll has declared officially that he no longer goes by the name Sanusi Lamido Sanusi but HH Muhammad Sanusi. Naija...
President Muhammadu Buhari has spoken on the botched presidential ambition of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Recall that three support...
The Central Bank of Nigeria (CBN) has said the Federal Government’s expenditure on pensions and gratuity fell slightly by N3.48bn in 2021. Naija News reports that...
The dollar-to-naira exchange rate has risen from N500 to N603 at the parallel market, for the past year (Between June 2021, and June 2022). Naija News...
The Nigeria Deposit Insurance Corporation (NDIC) has explained how financial institutions, especially commercial banks, surmounted the economic disaster brought about by the emergence of the COVID-19...
A figure released by the Central Bank of Nigeria has shown that the gap between the savings and lending rates in the banking sector widened by...
The chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu has said sensitive election materials will no longer be kept at the Central Bank...
Experts have identified viable means by which Nigeria’s currency, Naira can be improved in value. Having sat for hours at a one-day roundtable on national issues...
Banks and Payment Service Providers have been directed by the Central Bank of Nigeria to accept indemnity from customers for highly secured online funds transfers. The...
Despite national grid collapse and technical issues experienced last year, eleven Distribution Companies across the country reportedly recorded an increase in revenue collection to the tune...