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Data from the Central Bank of Nigeria (CBN) website showed the Naira gained N6.57. This marks a 0.44 per cent increase compared to Thursday, Feb. 27, when it closed at N1,499.07 to the Dollar.

Mr Ayobami Oyalowo, the Executive Director of the Osun River Basin, has said rather than defending the naira as claimed by some Nigerians, the Central Bank of Nigeria (CBN) took specific measures to ...

He said defending a currency implied artificially pegging it to a specific value, regardless of market forces, which was the practice under the previous CBN leadership. According to him ...

The Central Bank of Nigeria (CBN) has been taken to court over the contentious increase in Automated Teller Machine (ATM) transaction fees. The Socio-Economic Rights and Accountability Project (SERAP) ...

Experts stated that insider loan has turned into a problem that needed to be fixed. Photo credit: CBN Source: Getty Images On Monday, the apex bank had issued a circular, signed by Dr. Adetona Adedeji ...

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to publish the list of dormant accounts, unclaimed balances and other financial assets. The apex bank ...

The Federal Government explained on Wednesday why, despite the Supreme Court’s order, the Central Bank of Nigeria, CBN, has not commenced the direct release of funds to the country’s 774 Local ...

The Central Bank of Nigeria (CBN) has issued a directive requiring all banks and other financial institutions to publish details of dormant accounts, unclaimed balances, and other financial assets on ...

The Central Bank of Nigeria (CBN) has ordered bank directors with non-performing insider-related loans to step down immediately as part of new measures to strengthen corporate governance and risk ...

The CBN, wary of the impact on financial stability, has now made it clear that banks must bring all insider-related exposures within regulatory limits within six months. In addition to compliance, ...

The Central Bank of Nigeria (CBN) has ordered commercial bank directors with non-performing insider related loans, to step down immediately. This was disclosed in a circular titled ‘Compliance with ...