Tag: CBN

President Muhammadu Buhari has been roundly condemned for approving foreign exchange concession to pilgrims at a time the economy is ...

Notable activists ask the president to investigate illegal recruitments.

The CBN had on July 22 issued circular mandating DMBs to sell foreign currency proceeds from international money transfers to ...

The CBN is seeking ways to stabilize the naira

The presidency says President Buhari will continue to show respect for the National Assembly.

At the official interbank window, the Naira closed at N283.42 to a dollar.

Traders at the market say activities at the market were slow because of the prolonged public holiday the previous week.

A breakdown of the activity chart on the Exchange showed that investors sold 21.59 million shares of Skye Bank valued ...

CBN tries to assuage panic after the sacking of Skye Bank board.

The CBN says the step is “proactive and unavoidable”.

In the last few years, the bank has had to trudge through liquidity problems mostly due to non-performing loans.

"The regulatory authority has written warning letters to such erring airlines."

CBN is optimistic Naira would ultimately settle at the target level of N250 to the dollar.

The backlog is estimated at four billion dollars.

The national economic council meeting held Thursday.

The central bank has launched an interbank trading window.

The new window will have about 10 primary forex traders, to be appointed by the bank.

The service denies fixing N285 per dollar, saying only CBN could do so.

Many Nigerians defend the CBN’s disclosure, but others say it was unnecessary.

The economy contracted to about 0.36 per cent in the first quarter of 2016.

A total of 320.99 million shares valued at N2.11 billion was traded by investors in 4,524 deals

The Federal Character Commission confirms the central bank secretly employed more than the numbers approved for it.

The federal government will not deduct from funds given to states, to repay the bailout.

The economist argues that importers of finished goods and importers of critical inputs should not source FOREX at the same ...

Naira trades N450 and N360 for pound sterling and the Euro respectively at the day’s transaction.