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CBN adds sugar, wheat to blacklist

Sugar and wheat have been added in the forex restriction list of the Central Bank of Nigeria. This was made public by the apex bank...

FG counters Obaseki, says N60bn wasn’t printed

  Minister of Finance, Budget and National Planning, Zainab Ahmed, has discredited a claim made by Edo State Governor, Godwin Obaseki, that the Central Bank...

Gunmen attack Soludo, kill security operatives

  Three security operatives have reportedly been killed after unknown gunmen, on Wednesday, stormed a rally organised by ex-Governor of the Central Bank of Nigeria...

Naira appreciates marginally closing at N485 to US Dollar

  The naira appreciated marginally at the parallel market on Friday, March 26, as it closed at N485/$1. This was a N1 gain when compared with...

Nigeria’s external reserve increases for 5th consecutive day

  Nigeria’s external reserve increased by 0.09% on Thursday 25, March 2021 to stand at $34.65 billion. This represents the fifth consecutive day increase, gaining a...

COVID-19: CBN shares N204.3bn intervention fund to 447,671 beneficiaries

  The Central Bank of Nigeria (CBN) has disbursed N204.3 billion of its Targeted Credit Facility (TCF) since February 12, 2021. The apex bank did the...

CBN launches artwork and skills competition to mark Global Money Week

  A talents, artworks and skills competition for Nigerians between the ages 18 and 35 has been launched by the Central Bank of Nigeria as...

Naira at N411/$1 amidst rise in oil price to $70

The Naira and the US Dollar exchanged at N411/$1 at the Investors and Exporters window. This represents a 1.11% decline as compared to N406.5/$1 recorded...

Beneficiaries of diaspora remittances to be paid N5 bonus per dollar...

  Beneficiaries of diaspora remittances, who receive funds through licensed International Money Transfer Operators (IMTOs) will be paid N5 for every $1 received as remittances...

‘Naira 4 Dollar Scheme’ introduced by CBN for diaspora remittances

  A scheme known as 'Naira 4 Dollar Scheme' has been introduced by the Central Bank of Nigeria (CBN) for diaspora remittances. This would offer recipients...

Shun litigation, Akeredolu urges ‘brother’ Jegede after tribunal victory

  Governor Rotimi Akeredolu has urged the candidate of the Peoples Democratic Party in the October 20, 2020 governorship election, Eyitayo Jegede, to shun litigation...