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Central Bank of Nigeria

Nigeria spent $770m on oil imports in first half of 2020 – CBN

THE Central Bank of Nigeria (CBN), on Thursday revealed that Nigeria had spent $770.58 million on oil imports in the first half of  2020. The...

Rights group takes FG to ECOWAS Court, seeks perpetual injunction on provisions of NBC code

RIGHTS group, Expression Now Human Rights Initiative  has filed a suit at the Economic Community of West African States (ECOWAS) Court  against the Federal...

Customers to get less on bank deposits as CBN reduces interest rate from 3.9 to 1.25 percent

THE Central Bank of Nigeria (CBN) has directed all deposit money banks across the country to review interest payable on savings account to a...
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Naira gains 1.3 per cent after CBN unveils plans to sell forex to BDC operators

THE naira appreciated by 1.3 per cent against the US dollar on the Nigerian official market on Friday, after the Central Bank of Nigeria...

CBN retains banks interest rate at 12.5 per cent, expects positive impact on economy

GODWIN Emefiele, Governor of the Central Bank of Nigeria, CBN, on Monday pegged the benchmark lending rate at 12.5 per cent, sustaining the Monetary...

N10m fine against erring banks, other implications of CBN’s new GSI policy

THE Central Bank of Nigeria (CBN) on Monday released new operational guidelines on Global Standing Instruction (GSI), a new policy aimed at enhancing a...
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COVID-19: Lockdowns are ineffective in Africa, without sustainable economic plans for citizens – Charles Soludo, Former CBN Governor

PROFESSOR Charles Soludo, former governor of Central Bank of Nigeria, CBN, and a member of President Muhammadu Buhari's Economic Advisory Council in an article...

Analysis: Drop in global oil prices puts Nigeria’s foreign reserves in a dangerous place

GLOBAL crude oil prices fell swiftly on Monday after heightened fears of coronavirus becoming a pandemic due to the increased number of cases in...

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2023: INEC reveals plans to deploy undercover agents to polling units

THE Independent National Electoral Commission (INEC) has disclosed plans to deploy undercover agents to polling units at the 2023...

Imo govt approves promotion, free medical services for civil servants

THE governor of Imo State, Hope Uzodiinma, says it has approved promotions and free medical services for the civil...

2023: Six APC governors meet NWC over campaign council crisis

SIX governors of the ruling All Progressives Congress (APC) and some members of the party’s National Working Committee (NWC)...

ASUU: Jega knocks Ngige, says he is creating more problems

A FORMER chairman of the Independent National Electoral Commission (INEC), Attahiru Jega, says the Minister of Labour and Employment,...

Court clears Magu of N573m money laundering charge

FORMER Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has been exonerated over a claim...
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