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Central Bank of Nigeria

How CBN negligence emboldens Naira abusers in social gatherings

FAILURE of the Central Bank of Nigeria (CBN) to enforce the 2007 Act of the bank has continued to embolden the abusers of the...
Vincent Ufuoma -

CBN bans forex sales to BDCs

THE Central Bank of Nigeria (CBN) has said it will not sell foreign exchange (FX) to Bureau De Change (BDC) operators in the country. The...
Vincent Ufuoma -

High cost of bank credit squeezes Nigeria’s small businesses

MICRO, small and medium enterprises (MSMEs) in Nigeria are hard hit by the high cost of loans offered by deposit money banks, which range...
Odinaka ANUDU -

Rising inflation in Nigeria fuelled by insecurity, naira devaluation -Emefiele

CENTRAL Bank of Nigeria (CBN) governor Godwin Emefiele has said that rising inflation in the country was caused by devaluation of the naira and...
Lukman ABOLADE -

Do not patronise these micro-finance banks, CBN warns

THE Central Bank of Nigeria (CBN) has revoked the operating licenses of 42 micro-finance banks. This was made known in a statement by the Nigeria...
Vincent Ufuoma -

How security guards of Abuja schools coped during COVID-19 pandemic

ARMED only with a cutlass, 52-year-old Yisa Burawa, a security guard at Unique International School located in the Bwari area of Abuja, once chased...
Seun DUROJAIYE -

NAS condemns clampdown on #EndSARS protesters by govt, calls on CBN to unfreeze bank accounts

THE National Association of Seadogs, Pyrates Confraternity, has called on the Nigerian government to halt its attempts to muzzle #EndSARS protesters, who have been...
Seun DUROJAIYE -

Naira drops to N470 per dollar in parallel market despite CBN interventions

THE Naira dropped against the US Dollars, USD, by N470 in the parallel market which is the weakest rate in six weeks, despite the...
Amos ABBA -
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