The Central Bank of Nigeria, CBN, has announced that it is injecting another $500 million to clear the foreign exchange backlog. Hakama Sidi Ali, Acting Director...
The Central Bank of Nigeria (CBN) says it has paid approximately two billion dollars in its bid to clear the backlog of outstanding foreign exchange liabilities...
A female staff member of Globus Bank, Amarachi Ugochukwu, has committed suicide in Lagos, attributing it to economic hardship. The 32-year-old left a note found beside...
The Central Bank of Nigeria, CBN, has approved the appointments of new board of directors for Polaris, Union, and Keystone banks. The appointment is coming a...
The Central Bank of Nigeria (CBN), says it has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a...
The Federal Government on Friday received a $2.25b foreign exchange support facility from the African Import-Export Bank. The Minister of Finance, Wale Edun, confirmed this to Arise...
Nigeria’s naira depreciated to a low of N1,043.09 to the dollar at the official foreign exchange market on Thursday. This is compared to N872.59 /$ on...
The Central Bank Of Nigeria, CBN has assured depositors and customers of Nigerian banks of the safety of their funds in the banks. The Acting Director,...
Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), Dr Babatunde Irukera, has warned that his Commission might be compelled in the New...
Nigeria, alongside other developing countries spent $443.5 billion to service public debt amid surge in interest rate, according to the World Bank. The multilateral lender revealed...