The CBN on Saturday said that it would provide assistance to farmers in Kebbi affected by the recent flooding in the state, to enable them engage in dry season farming.

PRESIDENT Muhammadu Buhari has said that his government would only raise electricity tariffs when stability is achieved in the power sector. He stated that government was working to improve power generation and distribution from its current stage.

By Emma Ujah The Central Bank of Nigeria, CBN, has reduced the Cash Reserve Ratio , CRR, from 31 per cent to 25 per cent. This was one of the major decisions of the Monetary Policy Committee meeting which ended in Abuja, yesterday. The CBN Governor, Mr. Godwin Emefiele who briefed the press after the […]

PRESIDENT Muhammadu Buhari said, Wednesday, in Paris, France, that he opposed a further weakening of the naira and openly endorsed the Central Bank of Nigeria, CBN’s policy of restricting foreign-exchange trading.

Nigeria’s central bank on Wednesday said government ministries and departments were complying with a presidential order for more transparency over revenues as part of a crackdown on graft.

Having met the requirements set by the apex bank for all Finance Institutions (DFIs) in the country, the Bank of Industry (BoI) has secured Central Bank of Nigeria’s (CBN) license.

The organised private sector weekend said that members are finding it difficult to pay foreign creditors for goods imported before the CBN restriction on 41 items access to foreign exchange market in Nigeria. They also said that many hotels in the country are saddled with large amounts of cash, foreign currency which they could not lodge into their domiciliary accounts or do business with.

The Central Bank of Nigeria (CBN) says it has concluded arrangement to partner with some notable ex-internationals for the organization of the 2015 edition of the Annual All Financial Institutions Football Competition slated to kick off across the country on Sunday.

The Central Bank of Nigeria (CBN) says it plans to auction N814.78 billion in Treasury bills between Sept. 17 to Dec. 3.

Nigeria’s economy may be heading for trouble, as oil price crashed even lower at the weekend, thereby threatening the 2015 budget and fiscal plan.

The Senate on Wednesday confirmed the appointment of a new central bank governor to replace Lamido Sanusi, who was suspended on government charges of “financial recklessness and misconduct”.

Nigerians generally believe that large foreign reserves are useful for defending the exchange rate of the naira. However, our total foreign reserves actually comprise of two primary income streams; the first is the Excess Crude Account (ECA), which consists of all crude oil revenue in excess of budget estimates

The Central Bank of Nigeria (CBN) has approved the liquidation of 83 micro-finance banks, Alhaji Umaru Ibrahim, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said on Tuesday in Abuja.

Whistleblowers certainly have a role to play to promote accountability in public administration; however, when a nation’s Central Bank Governor turns whistleblower on an issue of substantial revenue misappropriation, then, alarm bells must ring, as the credibility of the administration, which the same Central Bank Governor serves would be called to question.

I don’t know if anything is true or false. What I do know is that in a presidential system, various aides and pressure groups try and pull the President towards the direction that they believe is best. Is that not why they even have lobbyists in Washington DC?