Central Bank of Nigeria (CBN)

Nigeria seeks around $10billion retribution claim over Binance messing up its economy
Business

Nigeria seeks around $10billion retribution claim over Binance messing up its economy

Having tried several monetary hacks to improve the Naira’s standing against the dollar with few recorded successes, the Nigerian authorities…
CBN’s monetary policy rate team declares a new borrowing interest of up to 22.75%
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CBN’s monetary policy rate team declares a new borrowing interest of up to 22.75%

Towering inflation figures which reached 22.90 percent in January had made it a given that something imminent and different was…
Egba King, Alake strips chief who insulted the Naira of royal benefits
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Egba King, Alake strips chief who insulted the Naira of royal benefits

No matter how hard the Naira falls, it is not to be abused as a chief, the Olu of Owode…
Naira sees a rebound against the Dollar. Will the rally last this time around?
Business

Naira sees a rebound against the Dollar. Will the rally last this time around?

The situation with the Nigerian Naira going through a weakened spell when measured against the United States Dollar had begun…
Nigeria’s central bank chief sees hope amidst deep economic and social despair
Business

Nigeria’s central bank chief sees hope amidst deep economic and social despair

The twin policies of petrol subsidy removal and free-float of the naira have combined to wreak havoc on disposable income,…
Court lightens strict bail terms that restricted Emefiele from leaving the FCT
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Court lightens strict bail terms that restricted Emefiele from leaving the FCT

When Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court back in December granted Mr Godwin Emefiele’s bail…
CBN resets the Boards of Union Bank and 2 others for the good of banking
Business

CBN resets the Boards of Union Bank and 2 others for the good of banking

The Central Bank of Nigeria (CBN) has been captured performing a lightning-speed reset of the affairs of Union Bank, Keystone…
Are the old Naira notes valid or not?
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Are the old Naira notes valid or not?

Having experienced agonising Naira notes shortages at the beginning of the year, Nigerians are apparently drawn to conversations around their…
Loan-to-Deposit Ratio drives private sector growth
Business

Loan-to-Deposit Ratio drives private sector growth

By Tosin Ayinde Meaningful growth, it seems, awaits Nigeria’s private sector in view of the recent credit access growth recorded…
Old naira notes receive new lease of life
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Old naira notes receive new lease of life

The Supreme Court, seating in Abuja, today, nullified the ban on the old naira banknote swap deadline imposed by the…
Supreme Court to the rescue, suspends CBN’s new Naira policy deadline
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Supreme Court to the rescue, suspends CBN’s new Naira policy deadline

Following weeks of pain and misery meted caused by the controversial new Naira policy, there seems to be relief of…
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