ShareTotal direct remittances to the country fell by $309.52 million or 16.69 per cent to $1.55 billion in the first nine months of this year compared to $1.86 billion in the corresponding period of ...

FGN Bonds have dominated the federal government’s debt portfolio, accounting for N52.315 trillion or 78.13% of the domestic ...

ShareAfter plunging to a record low of N1,689.88/$1 on the official market on Tuesday, the naira rose to N1,645.40/$1 on ...

“Following the revocation of Heritage Bank’s banking licence by the Central Bank of Nigeria on 3 June 2024 and its subsequent liquidation, the group wrote-off its receivable relating to the cash held ...

"Crude oil production has reached 1.8 million barrels per day, and the Central Bank has been sanitised; no one is embezzling funds from the CBN," he said. In his speech, President Tinubu reaffirmed ...

With the inspection done at the Central Bank of Nigeria (CBN), where the materials were housed upon arrival, the state ...

The Central Bank of Nigeria (CBN) data on international payments shows that the Nigerian government spent $3.5 billion ...

The fourth edition of the Africa Financial Industry Summit will examine how to make the continent’s financial industry a ...

Herbert bought into a so-called Nigerian letter scheme seven years ago, according to state police investigators. He believed ...

Unrelenting price rises and a brutal insurgency had already made it hard for Nigerians in northeastern Borno State to feed ...

CBN Pushes for Financial Inclusion to Drive Economic Growth, 28 Million Nigerians remain without access to formal banking services.

Despite the Central Bank of Nigeria’s (CBN) dramatic rate hikes this year, that market flourished. The benchmark interest rate was hiked by the CBN by a total of 600 basis points to 24.75 percent in ...