The headquarters of the Central Bank of Nigeria, the Nigerian Army as well as the Federal Ministry of Finance, among others, suffered blackouts on Sunday due to the vandalism of the power network in the...
The Central Bank of Nigeria (CBN) has urged Nigerians to take advantage of its intervention programmes to facilitate economic development and financial stability. Osita Nwanisobi, director of corporate communications, CBN, said this at an event on...
The Central Bank of Nigeria (CBN) says the federal government recorded N2.23 trillion fiscal deficit in the fourth quarter (Q4) of 2021. In a report for the fourth quarter of 2021 the bank said the 12...
Airtel Africa Plc says it has received final approval from the Central Bank of Nigeria (CBN) to operate as a super agent. Super agents are companies approved by CBN to recruit agents for agency banking, such as financial...
The Central Bank of Nigeria (CBN) says to prevent an exchange rate spiral it cannot float the Naira. “Let me say that Nigeria is on a managed float. What that also means is that we cannot...
The Central Bank of Nigeria (CBN) said “the minor fire outbreak” at its branch at Makurdi, Benue State, yesterday, was successfully put out. The Director, Corporate Communications, of the apex bank, Osita Nwanisobi, who stated this...
The combined bank borrowing of oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry rose from N5.19tn in January 2021 to N5.68tn in December 2021, showing an increase...
Oil prices slipped on Thursday in thin trade ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Brent futures were down 86 cents, or 0.8%, at...
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). Uro Ukpanah, company secretary at MTN Nigeria, disclosed this in a statement on Monday. PSB...
The Central Bank of Nigeria (CBN) says it will begin the payment of N65 forex rebate to exporters who sold their goods through the importers and exporters (I&E) window at the end of the first...