BUSINESS & ECONOMY
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883CBN Warns: Beware of Unregistered Money Transfer Operators
A statement signed by Mr Isaac Okorafor, acting director, corporate communications, Central Bank of Nigeria, on August 2 reads: The Central...
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889CBN on Global and Domestic Economic Conditions
The governor of the Central Bank of Nigeria, Mr Godwin Emefiele, Tuesday read a communiqué issued at the end of the Monetary...
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918
Naira Keeps Falling!
Scarcity of dollars is making the Nigerian currency, the naira, plunge at both the interbank and parallel markets. On Friday, July 22,...
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807
Skye Bank’s Heads Sacked
The management and board of Skye Bank Plc have been sacked, CBN governor Godwin Emefiele announced on Monday in Lagos. Skye Bank’s...
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934Nigeria’s Economy Formally Enters into Recession
It is now official: Nigeria’s economy is in a recession. Economic recession is usually defined as having two or more consecutive quarters...
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797
CBN to Banks: Publish Statement Early or Risk Sanction
Every Nigerian bank is required to publish its statement of account within four months of the end of its financial year, the...
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1.5KNaira Devalued Officially
After enduring more than a year of intense pressure, the Central of Bank of Nigeria has officially devalued the naira with effect...
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1.9K150 Kids Win Zenith Bank’s Scholarship
MAY 27 – Children’s Day 2016 holds great promise for children whose parents/guardians have opened accounts for them at the ZECA (Zenith...
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878
CBN Hints at ‘Flexible’ Forex Policy, Recession
Details of a new foreign exchange policy in Nigeria should be expected in a few days. The policy, according to the Central...
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84624 Power Firms Get N55.5bn from CBN
A total of N55.46billion has been disbursed to 24 power companies in Nigeria. The beneficiaries, according to the governor of the Central...