Banking and Finance

CBN plans shutdown of AbokiFX, accuses owner of FX breaches

THE Central Bank of Nigeria, on Friday at the Monetary Policy Committee meeting, gave reasons for the planned shutdown...
Harrison EDEH -

Analysts want govt assets in equity market as CBN eyes international financial centre

FINANCIAL experts have urged the Central Bank to work towards enlisting the government’s corporate assets into the equity market...
Harrison EDEH -

Naira weakens to N562/$ in parallel market amid drop in inflation

NIGERIA'S naira is sinking against the dollar in the parallel market, closing at N562/$ on Wednesday against N557/$ at...
Arinze NWAFOR -

CBN again warns commercial banks to desist  from forex malpractices

THE Central Bank of Nigeria (CBN) has warned deposit money banks (DMBs) to desist from all forms of malpractice...
Harrison EDEH -
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More distress for Nigeria’s poor as naira hits new low

IT is more misery for poor Nigerians as naira hits a new low, crashing to N530/$ on Friday in...
Odinaka ANUDU -

Angry Nigerians knock CBN for ignoring local fintech companies on eNaira project

ANGRY Nigerians have come hard on the Central Bank of Nigeria (CBN) for ditching local fintech firms and outsourcing...
Harrison EDEH -
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