Frustration Mounts as Interest Rates Skyrocket for Nigerian Manufacturers
Justice Godfrey Okamgba The Central Bank of Nigeria (CBN) is already facing a backlash from the Manufacturers Association of Nigeria (MAN)…
CBN
CBN’s 100-for-100 Policy Injects N173.31b to Revitalize Manufacturing
The Central Bank of Nigeria (CBN) has implemented the 100-for-100 Policy on Production and Productivity (PPP) to stimulate…
NDIC Assures Swift Payment to Depositors of Closed Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has pledged to expedite the payment process for depositors of 179 Microfinance…
CBN Revokes Licenses of 132 Microfinance Banks
The Central Bank of Nigeria (CBN) has taken the decision to revoke the operating licenses of 132 Microfinance…
e-Naira is Facing Limited Usage but CBN Seems Resolute
The Central Bank of Nigeria (CBN) continues to push forward with the e-Naira digital currency, undeterred by its…
Emefiele says Dangote Repays 70% Loan for Refinery Construction
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced that the Dangote Group has successfully…
CBN Approves Four Mint Companies to Print Cheques
According to a circular issued by the Director of the Banking Services Department, Sam Okojere, the Central Bank…
Standard Chartered Launches 4th Women In Tech Programme
Standard Chartered Bank (Nigeria) Limited has unveiled the fourth edition of its SC Women in Technology Incubator, aimed…
FCMB Founder Subomi Balogun Dies in London
The Founder of First City Monument Bank (FCMB) Group, Subomi Balogun, passed away on Friday morning at age…
Lopsided Fortunes: Nigerian Banks Flourish, Customers Grapple with Failed Transactions
Nigerian banks have been experiencing a surge in profits, with five of the country’s largest banks ranking among…
CBN, Google Collaborate to Establish Virtual Currency Museum
The Central Bank of Nigeria (CBN), in partnership with Google, has announced plans to create a virtual reality…
Buhari Faces Lawsuit over $800m Loan Request
Senator Ali Ndume, who represents Borno South Senatorial District, has declared his intention to take legal action against…
Has CBN’s Idea of Curbing Inflation become Counter Productive?
The playbook adopted by the Central Bank of Nigeria (CBN) to curb inflation seems ineffective amid persistent inflationary…
Five Reasons CBN Unveiled SabiMONI
The Central Bank of Nigeria (CBN), Monday, launched an e-learning platform called SabiMONI, aimed at promoting financial literacy…
‘Watch Debt Profile, Control Expenditure,’ WTO DG Warns Nigeria
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has cautioned the Nigerian government about the…