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Banks sabotaging efforts on new notes – CBN
The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new…
Most States Can’t Survive without Federal Allocation, says Osinbajo
The Vice-President (VP), Prof. Yemi Osinbajo, has declared that most states of the federation cannot survive without the monthly…
CBN to reduce interest rate before year-end – Report
Entrepreneurs might soon have reasons to smile as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is…
2019: Election spending may affect naira stability – CBN
The Central Bank of Nigeria (CBN) has warned that the economy faces inflation and financial stability risks over the short-to…
Naira weakens marginally against dollar at parallel market
The Naira on Monday weakened marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria reports.…
FG spent $36.3 billion on Fuel importation in five years.
The Central Bank of Nigeria (CBN) on Monday said Nigeria spent 36.3 billion dollars on the importation of petroleum products…
Nigeria seals N720bn currency swap deal with China
The Central Bank of Nigeria (CBN) has signed a currency swap deal with the Peoples Bank of China (PBoC) worth Renminbi (RMB) 15…
CBN boosts FOREX market with $210m
The Central Bank of Nigeria (CBN), on Wednesday, injected 210 million dollars into the Inter-bank Foreign Exchange Market in…
Gas flaring: NNPC sets 2020 deadline
The Nigerian National Petroleum Corporation (NNPC) has said it with ensure zero gas flaring compliance from oil fields in 2020.…
TUC, NLC demand probe of bailout funds to states
The Organised Labour has called for immediate probe of state governments involved in diversion of bailout funds meant for payment…