Central Bank of Nigeria (CBN) Governor Yemi Cardoso disclosed that the CBN has uncovered deceptive foreign overdue claims amounting to $2.4 billion. This discovery, made...
In response to circulating reports suggesting a plan to convert $30 billion domiciliary deposits to naira, the Central Bank of Nigeria (CBN) categorically dismissed the rumors...
The Nigerian naira exhibited strength in the official section of the foreign exchange market on Friday, marking a 1.84 percent appreciation. Closing at N1,435 per dollar,...
In a bid to stabilize Nigeria’s fluctuating exchange rate, the Central Bank of Nigeria (CBN) has issued a directive compelling Deposit Money Banks to liquidate their...
In a bid to tackle foreign currency speculation and hoarding by commercial banks, the Central Bank of Nigeria (CBN) has released a circular containing new guidelines....
The Nigeria Football Federation (NFF) faces financial challenges as the Central Bank delays the release of funds earmarked for the payment of Super Eagles’ bonuses and...
The Nigerian Naira experienced a significant depreciation against the US dollar on Thursday, according to data from the Financial Markets Dealers’ Quotations (FMDQ). The Naira...
The Economic and Financial Crimes Commission (EFCC) has intensified its probe into the allocation of over $347 billion to companies in Nigeria between January 2014 and...
The Nigerian naira showcased resilience by appreciating to N1,300 per dollar in the parallel market, marking a notable improvement from the N1,350 per dollar recorded on...
Justice Hamza Muazu of the Federal Capital Territory High Court has approved the request of Godwin Emefiele, the former Governor of the Central Bank, to travel...