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...
The Central Bank of Nigeria has in defence of Naira stability dolled out the sum of $3.36bn into the foreign exchange market. The reported figure was...
The Central Bank of Nigeria (CBN) data showed that banks that are cash-strapped borrowed N338.5bn in January to bridge their funding gap. Naija News reports that...
The Central Bank of Nigeria (CBN) has announced the increase of the interest rate to 13.5 per cent for the first time in years. Naija News...
The Central Bank of Nigeria on Saturday disowned the statement credited to one of its staff that it would withdraw naira notes from circulation and replace...
The Central Bank of Nigeria (CBN) has given reasons why the paper currency will soon be out of circulation. This was made known on Friday by...
A Delta State High Court sitting in Kwale, Delta State, has vacated an order restraining the Board of the Central Bank of Nigeria (CBN) from removing...
Financial experts have expressed worries over Nigeria’s huge dependence on importation which is said to have limited the Central Bank of Nigeria, CBN’s ability to effectively...
The parallel market yesterday closed with dollar to naira exchange at N600, Naija News understands. This is as Nigeria’s currency experienced further devaluation amid other crisis....
The Nigerian Government has released a set of new regulations guiding the issuance, exchange and custody of digital assets in Nigeria. Naija News reports that the...