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Policy inconsistency of CBN undermines foreign exchange supply – DG, Lagos Chamber

CHINYERE Almona is the newly appointed director-general of the Lagos Chamber of Commerce and Industry, the oldest chamber of commerce in West Africa, with...
Odinaka ANUDU -

Profiling Obanikoro’s son who canvassed closure of domiciliary accounts to fix naira debacle

SINCE the gradual slip of naira to N570/$ at the parallel market, most Nigerians have continued to express disappointments at the President Muhammadu Buhari-led...
Olugbenga ADANIKIN -

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 its centralised eNaira crypto project...
Harrison Edeh -

Court orders CBN, four other banks to pay N5.5bn before September 1

A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) and four other banks to pay N5.5billion into an interest...
Ijeoma OPARA -

FX market: Experts urge CBN to deepen market reforms

FINANCIAL analysts have told the  Central Bank of Nigeria to move beyond the stoppage of sales of dollars to the Bureau De Change Operators,...
Harrison Edeh -

Alleged CBN N3bn agric loan diversion: Absence of defense counsel stalls trial of ‘whistleblower’

By Nwakamma Nathan THE absence of defense counsel to former  General Manager of Radio Bayelsa John Idumange, who raised the alarm over alleged diversion of...
Editorial -

FX supply: CBN directs commercial banks to set up teller points

THE Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches to facilitate the sale...
Vincent Ufuoma -

Down! Down! Down! goes naira at N522/$

NAIRA weakened by 3.4 per cent at Lagos parallel markets on Wednesday afternoon, a day after the Central Bank of Nigeria (CBN) announced a...
Harrison Edeh -
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