The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday voted unanimously to retain the Monetary Policy Rate (MPR), which is the baseline lending rate, at…
The Naira further appreciated at the official market on Thursday trading at the N1,485.95 to a Dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the…
The Naira on Wednesday bounced back after consistent three days losses and appreciated at the official market trading at N1,645.40 against the dollar. Data from the official trading platform of…
The Chartered Institute of Bankers of Nigeria (CIBN) on Wednesday reassured Nigerians that the banking system remained “safe, sound and resilient,” dispelling fears of bank liquidations. Its president, Prof. Pius…
The Central Bank of Nigeria (CBN), has announced revocation of the licence of Heritage Bank Plc with immediate effect. This is according to a statement issued by Hakama Sidi-Ali, the…
An FCT high court in Maitama on Wednesday admitted the embattled former Central Bank Governor, Godwin Emefiele to bail in the sum of N300 million . Justice Maryann Anenih granted…
Mr. Peter Obi, the 2023 Presidential Candidate of the Labour Party (LP), has faulted the newly introduced cyber security levy, saying it would negatively affect the economy. Obi said this…
The Naira on Wednesday slightly depreciated at the official market, trading at N1,421.06 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says recent stability achieved in the foreign exchange market is commendable. Cardoso said this on Tuesday in Abuja, while…
Nigerian banks may not have solely created today’s inclement economic weather, but they have been a catalyst and an albatross on the country. Corrupt, greedy and notorious, top bankers are…