BREAKING: Naira Falls To N950/$ At Parallel Market (DETAILS) The Nigerian naira experienced a new record low against the US dollar, reaching N950 to one dollar...
BREAKING: Naira Crashes At Forex Markets (DETAILS) According to market data published on the FMDQ website, the Nigerian Naira experienced a decrease in value compared to...
BREAKING: Naira To Dollar Rate Exceeds N900 In Black Market (DETAILS) The Nigerian naira’s decline in the black-market trading has continued as the country faces a...
Naira Records Gain Against Dollar On Tuesday, the Nigerian naira experienced an increase in value against the US dollar, trading at an exchange rate of N757.51...
CBN Gives Fresh Update On Old Naira Notes, Redesigned Notes The Central Bank of Nigeria (CBN) is currently in the process of gradually phasing out the...
CBN Reacts To Volatility In FX Market a Folashodun Shonubi, the acting governor of the Central Bank of Nigeria (CBN), expressed confidence that the “volatile times”...
CBN Raises Interest Rate To 18.75% The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR), an indicator of interest rates, from 18.5...
FIRS Collects N5.5tn, Records ‘Highest’ Tax Revenue In Six Months The Federal Inland Revenue Service (FIRS) has reported a record tax revenue collection of N5.5 trillion...
Nigeria’s Inflation Rate Rises To 22.79% In June 2023, Nigeria’s Consumer Price Index (CPI) increased to 22.79% from the previous month’s 22.41%, according to the latest...
WorldRemit Adds Naira Currency As Option For Transfers To Nigeria WorldRemit has launched a new feature that allows Nigerians to send and receive remittances in Naira,...
Naira Depreciates Further, See Latest Exchange Rate To Dollar The naira on Friday depreciated against the dollar, exchanging at N803.90 at the investors and exporters window....
What Will Happen To Bank Executives’ Tenure Effective August 1, 2023 – CBN Effective August 1, 2023, bank executives in Nigeria will be limited to a...
BREAKING: Access Holdings Seals Deal to Buy Standard Chartered Bank Subsidiaries In Four African Countries (DETAILS) Access Holdings, a financial services group, has entered into agreements...
Naira Gains At investors, Exporters’ Window On Wednesday, the Nigerian naira experienced an appreciation against the US dollar, with an exchange rate of N782.49 at the...
Oba Buys N87.8bn Shares To Become Largest First Bank Shareholder With 14 Percent As the battle for the control of First Bank of Nigeria Holdings Plc...
What Happened Yesterday To Naira At Forex Markets Naira fell significantly against the United States dollar on the Investors and Exporters (I&E) and parallel markets on...
Naira Gains Against Dollar At Investors & Exporters Window The Naira on Monday appreciated against the dollar, exchanging at N741.50 at the Investors and Exporters window....
Naira Now Undervalued After Free Float – Bank Of America The Bank of America (BoA) has said the it sees the value of the naira settling...
Nigerian Bank Introduces Humanoid Robot To Engage Customers FirstBank Nigeria Ltd. has launched a humanoid robot, an industry first, at its Adetokunbo Ademola VI, Lagos Digital Experience...
CBN Issues Fresh Guidelines On Contactless Payment The Central Bank of Nigeria (CBN) has issued fresh guidelines for contactless payments in Nigeria. According to a circular...
CBN Sets New Transaction Limits On Contactless Payments (DETAILS) The Central Bank of Nigeria (CBN) has set new transaction limits on contactless payments after issuing guidelines...
Keysfan: Buy Office 2021 Pro Plus for $13.65! Flash Sale For A Limited Time! Disclosure: This is a sponsored article. Verify the details before taking any...
BREAKING: Naira Plunges To New Low Against Dollar (DETAILS) Naira on Monday plunged to its lowest rate ever against the United States dollar on the Investors...
CBN Lifts Cash Deposit Restriction On Domiciliary Accounts, Allows $10,000 Withdrawals Daily The Central Bank of Nigeria (CBN) has declared the removal of cash deposit limitations...
CBN Issues Further Guidance On Operational Changes To Foreign Exchange Market Following the Central Bank of Nigeria (CBN) press statement of June 14, 2023, on new...
FULL LIST Of Past CBN Governors In Nigeria And Their Tenures The article explores past Central Bank of Nigeria (CBN) Governors, who have played instrumental roles...
BREAKING: Naira Falls ‘Heavily’ After Trading Steady For 7 Days At Official Market Nigeria’s currency yesterday depreciated by 1.02 per cent (N4.83/$1) at the Investors and...
BREAKING: CBN Fines First Bank For Fraudulent Dealings, Accounts (DETAILS) The Central Bank of Nigeria (CBN) fined FBN Holdings subsidiary, First Bank of Nigeria Limited, N13.5...
What Will Happen To ‘Depositors’ Fund? – Microfinance Banks React To CBN’s Revocation Of Licence Amid the revocation of the operating licence of some microfinance banks...
CBN Increases Interest Rate To 18.5% The Central Bank of Nigeria (CBN) has raised the interest rate from 18 percent to 18.5 percent. The apex bank...
Dangote Refinery: ‘Desist From Trying To Run Business’ – Otedola Tells Nigerian Govt Femi Otedola, a Nigerian billionaire businessman, has told the Nigerian government to stop...
CBN Revokes Licences Of 139 Microfinance Banks, Others (FULL LIST) The Central Bank of Nigeria (CBN) has revoked the licences of 139 microfinance banks in the...
What Dollar Did To Naira Yesterday The naira depreciated against the dollar on Wednesday, exchanging for N463.02 at the investors’ and exporters’ window. The rate represents...
Naira Appreciates Against Dollar, See Latest Exchange Rate The naira appreciated against the dollar on Tuesday, exchanging for N462.25 at the investors’ and exporters’ window. The...
Transcorp Power Ltd Shatters Records, Receives National Recognition With Certificate Of Discharge From FG ( Photos) In a remarkable achievement, Transcorp Power Ltd, one of Nigeria’s...
CBN Gives Fresh Update On Redesigned Naira Notes Amid Scarcity The Central Bank of Nigeria (CBN) has dismissed reports that it is considering the withdrawal of the...
Nigeria’s Inflation Rate Hits 22.04% For March 2023 Nigeria’s inflation rate rose to 22.04% in March 2023 compared to February 2023 headline inflation rate which was...
Naira Has Done It Again (DETAILS) The naira depreciated by 0.17 percent yesterday at the official Investors and Exporters (I & E) Window as the Central...
FirstBank Announces Corporate Name Change First Bank of Nigeria Ltd., has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan...
Unilever To End Production Of Sunlight, Omo, Lux (DETAILS) Unilever Nigeria, the local unit of British multinational consumer goods company Unilever Plc, is discontinuing the manufacturing...
CBN Set To Take Strong Action On Bank Accounts Not Linked To BVN In an effort to reduce fraud, the Central Bank of Nigeria (CBN) plans...
Naira Appreciates Against Dollar (DETAILS) Naira appreciated against the dollar on Thursday, exchanging for N463.25 at the investors’ and exporters’ window. The rate represented an increase...
Elon Musk Loses His Position Atop Forbes’ Annual Billionaires List Elon Musk has officially been dethroned from the top of Forbes’ annual “World’s Billionaire’s List.” The Tesla...
Why Nigeria’s Debt Stock Is Growing – DMO The Debt Management Office (DMO) explained on Wednesday that Nigeria’s debt stock is increasing as a result of...
See The Latest Figure For Nigeria’s Total Public Debt Stock Nigeria’s total public debt stock as at Dec.31, 2022 stands at N46.25 trillion (103.11 billion dollars)....
JUST IN: CBN Reacts To Report Of Suspending OPAY, PALMPAY The Central Bank of Nigeria (CBN) has described as fake, the news making the rounds that it suspended...
[BREAKING] Naira Crunch: CBN Gives Fresh Directive To Banks The Central Bank of Nigeria (CBN) has confirmed that banknotes from its vaults have been evacuated to...
[BREAKING] Cash Crunch: CBN Confirms Evacuation Of Banknotes, Gives Fresh Directive To Commercial Banks The Central Bank of Nigeria (CBN) has confirmed that banknotes from its...
JUST IN: Naira Appreciates Against Dollar The Naira on Wednesday appreciated against the dollar at the Investors’ and Exporters’ window, exchanging at N461.50. The rate represented...
Emefiele Apologises For Failed Electronic Transactions Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has apologized to Nigerians for the increase in failed electronic...