By Odunewu Segun Analysts have predicted a likely rise in the value of the Naira against the dollar on increase dollar sales to Bureau De Change...
By ANDREW OJIEZEL The Acting Director, Corporate Communications of Central Bank of Nigeria (CBN) Mr Isaac Okorafor said that the bank has released fresh 250 million...
The Senate which earlier this week accused some commercial banks and the Nigeria Customs Service in a N30 trillion forex scam said the money was illegally...
By Odunewu Segun Non-oil exporters have described the Central Bank of Nigeria’s forex policy as a mess, saying that the interventions stimulates the importation of materials...
Nigerian interbank lending rates rose sharply by around 100 percentage points on Thursday, as commercial lenders scrambled for cash to pay for bond purchases and cover...
The Central Bank of Nigeria (CBN) has directed banks to remit five per cent of their profit after tax (PAT) for investment in the Agricultural/Small and...
The Association of Bureau De Change Operators of Nigeria (ABCON) has asked for a N10 margin per dollar from the Central Bank of Nigeria (CBN). Granted,...
By Odunewu Segun Despite the Central Bank of Nigeria’s effort to inject liquidity into the official market to support the naira, the local currency has weakened...
By Chioma Obinagwam The Central Bank of Nigeria (CBN) has said that it has auctioned another $418 million at the retail-SMIS at a marginal rate of...
Ecobank Nigeria recently embarked on training students in various high schools across the country as part of Financial Literacy Day. Financial Literacy Day, observed in...
