Central Bank of Nigeria (CBN)
Naira seen to be closing the gap it formerly lost by reaching ₦1,400 to a dollar. Is that good enough?
Business
March 21, 2024
Naira seen to be closing the gap it formerly lost by reaching ₦1,400 to a dollar. Is that good enough?
It is beyond a doubt now that the Central Bank of Nigeria’s (CBN) monetary policies have been paying off, with…
Nigeria seeks around $10billion retribution claim over Binance messing up its economy
Business
March 1, 2024
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%
Happening Now
February 27, 2024
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
Happening Now
February 18, 2024
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
February 2, 2024
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
January 25, 2024
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
Happening Now
January 18, 2024
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
January 11, 2024
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?
Happening Now
November 9, 2023
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
March 27, 2023
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
Happening Now
March 3, 2023
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
Happening Now
February 8, 2023
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…