CBN

A report from forensic auditors, KPMG has indicted about seven government revenue-generating agencies for under-remitting over N526.35 billion and $21.199 billion to the…

As part of the new environment being created for the implementation of public-private partnership (PPP) projects, the federal government through the Central Bank of Nigeria…

The Central Bank of Nigeria (CBN) and banks under the aegis of the Bankers’ Committee yesterday unveiled plans to spend about N25 billion as initial funding on the development of…

Succour has come the way of Nigerians stranded abroad as a result of Coronavirus, but who are desirous of returning home. They will no longer have to bear the expenses of their two-week…

THIRTY-SEVEN donors, including individuals, banks and other corporates bodies have contributed N15 billion to the account of the Private Sector Coalition Against COVID-19…

A N120 billion funding was on Thursday announced by the Central Bank of Nigeria (CBN) to tackle Coronavirus (COVID-19) pandemic. The fund will be raised by the Nigerian…

The Central Bank of Nigeria on Monday started the process of assisting dairy companies to set up milk processing plants in the Federal Capital Territory. The move is coming barely one week…

Jones Onyereri, chairman of the house of representatives committee on banking and currency, says banks may pay as high as N20 million per day as fine for infractions like insider abuse. Speaking to TheCable on the sidelines of the…

With 2019 around the corner, it will be open season soon enough with political parties bearing their fangs. It will also be the season of the money bags as money, yet again, will play a prominent role in determining who is…

NIGERIAN Financial Intelligence Unit’s (NFIU) expulsion from the Egmont Group was never on the agenda of the group’s last meeting in March, it was learnt yesterday. This is contrary to media reports prior to the meeting held in…

Teleology Holdings Limited (THL), the preferred bidder for 9mobile Limited, has paid the $50 million unrefundable deposit for its acquisition of the firm. It has 90 days to pay the $450 million balance to seal the deal. 9mobile…

Nigeria’s foreign reserves have continued to grow significantly with latest figures by the Central Bank of Nigeria (CBN) at about $47.37 billion as at April 5. The new figures rose from about $46.2 billion realised at the end of…

The naira remains stable at the official and parallel markets, with the foreign exchange (forex) reserves standing at $46.7billion, a report by Exotic Capital, an investment and research firm, has said. The naira exchanges at 362 to…

The Governor of the Central Bank of Nigeria, Godwin Emefiele has assigned duties to the newly appointed deputy governors who assumed duty on March 28. The acting Director, Corporate Communications Department, CBN, Isaac Okoroafor, in…

The Securities and Exchange Commission (SEC) has said it is still gathering details on about $1bn share purchase crisis rocking Nigeria’s Unity Bank Plc and United States based Milost Global Inc. The Nigerian Stock Exchange, (NSE)…

As oil prices maintain a sustained recovery averaging $57 per barrel with consequent increase in oil revenue distributed monthly to the federal, states and local governments, the Central Bank of Nigeria (CBN) has warned of the…

The United Bank for Africa, UBA, paid over N75 million on sanctions to various regulatory bodies in the banking sector in 2017, a PREMIUM TIMES analysis of its financial statement for the year ending December 2017 has shown. Checks…

Aisha Ahmad, Edward Adamu, and the two other newly confirmed members of the monetary policy committee of the Central Bank of Nigeria, have voted to retain the record-high benchmark interest rate at 14 percent. According to Godwin…

The Central Bank has released the Manufacturing Purchasing Managers’ Index (PMI) for the month of March which  stood at 56.7 index points. The expansion indicated a growth in the manufacturing sector for the 12th consecutive month.…

Tunde Kamal, a graduate of economics from the Obafemi Awolowo University, Ile-Ife, Osun State, will soon shut down his nine-year-old poultry farm in Mowe, Ogun State. After battling many losses in the past four years, the 43-year-old…

Banks borrowed N27.46 trillion from the Central Bank of Nigeria (CBN) in six months, according to the apex bank’s half year report on financial sector performances released yesterday. The 2017 half-year Financial Markets Activity…

Body of Bank Chief Executive Officers (CEOs) on Tuesday set a three-year target of 60 million new customers for all the lenders. The Chairman of Body of Banks CEOs, Herbert Wigwe, said the target is in line with the Central Bank of…

More evidence of corrupt practices by ex-President Goodluck Jonathan’s administration may be tendered following a challenge by the former leader, it was learnt yesterday. Federal Government sources said although there was no…