CBN

Millennial in the marketplace: Lifestyles riding on Disruptive Payment Systems

Preparations are in top gear to host the annual CBN Cashless CardExpo Africa. According to Intermarc the organisers of the African destination trade show for payment and allied industry the 17th edition of the event will aggregate the energies of this era and capture the waves of technology and lifestyles, and present an encompassing worldview... Read More

africa, CardExpo, cashless, CBN, nigeria

Forex: CBN to inject additional $350m into interbank market

by Dolapo Adelana In continuation of its strategy to strengthen the naira against the dollar and other foreign currencies, the Central Bank of Nigeria is set to pump into more American dollars into the foreign exchange market, The Punch reports. A source at the apex bank, who spoke on the condition of anonymity said the CBN... Read More

CBN, dollars, Forex, Godwin Emefiele

The Late 5: These are the stories that drove conversations today

These are the top five stories that drove conversations today. 1. “May the fortune of Nigeria never sink like that of the PDP” – Obasanjo Former president Olusegun Obasanjo has once again said the Peoples Democratic Party (PDP) is dead. Obasanjo, who is one of the founding fathers of the party, said it is dead, sunk... Read More

Featured, The News Blog

CBN, donald trump, Jeff Sessions, naira, PDP, Politics, President Muhammadu Buhari, The Late 5, Yemi Osinbajo

UPDATE: Female suicide bomber attacks NNPC depot in Maiduguri

by Azeez Adeniyi An explosion has occurred at a NNPC depot in Maiduguri after a female suicide bomber attacked in the early hours of Friday. It was learnt that the depot located on Damboa road was attacked at about 6:05am. The bomber reportedly died immediately while 3 tankers with premium motor spirit (PMS) went in... Read More

CBN, central bank of Nigeria, explosion, filling station, maiduguri

The Big 5: These are the stories you should be monitoring today

These are the top five stories you should monitor today. It’ll take a miracle for Buhari to return naira to its former exchange rate – Soludo Former Governor of the Central Bank of Nigeria (CBN), Charles Soludo has said President Muhammadu Buhari inherited a ‘very bad’ economy and has made it even worse. 2. EFCC recovers... Read More

boko haram, CBN, Charles Soludo, EFCC, naira, Nigerian Army, Rashidi Ladoja, The Big 5

The YNaija Tracklist: Troops arrest Boko Haram suspect with N1.3m cash | Why naira is appreciating – CBN | More stories

From the papers this morning – a Tracklist. It’ll take a miracle for Buhari to return naira to its former exchange rate – Soludo – YNaija Troops arrest Boko Haram suspect with N1.3m cash – YNaija EFCC recovers jewellery worth millions, 50 land documents from ex-NSA – YNaija How Ladoja bribed lawmakers with 22 cars... Read More

Anyim Pius Anyim, CBN, EFCC, Jeff Sessions, naira, PDP crisis, Peace corps, Rashidi Ladoja, Yemi Osinbajo

Why naira is appreciating – CBN

by Azeez Adeniyi The Central Bank of Nigeria (CBN) has said the recent appreciation of the naira against other currencies was due to intelligent work. Acting director, corporate communications, Isaac Okorafor said this on Thursday. Okorafor dismissed the reports that illegal sales of foreign currencies at ridiculous rates was responsible for the change in forex... Read More

appreciating, CBN, central bank of Nigeria, dillar, exchange rate, naira

3 million Nigerians lost N18bn to MMM – NDIC

by Dolapo Adelana The Nigerian Deposit Insurance Corporation (NDIC) has said about three million Nigerians lost N18 billion to Ponzi scheme, Mavrodi Mundial Moneybox, popularly called (MMM). The Managing Director of the Corporation, Alhaji Umaru Ibrahim, stated this while speaking at the ongoing 38th Kaduna International Trade Fair on Thursday. Ibrahim, who was by the... Read More

3 million Nigerians, Alhaji Hadi Suleiman, Alhaji Umaru Ibrahim, CBN, mmm, N18bn, NDIC, Ponzi Scheme, Wonder banks

February 28, 2017

The Big 5: These are the stories you should be monitoring today

These are the top five stories you should monitor today. CBN releases additional $180m into forex market The Central Bank of Nigeria (CBN) on Monday released additional $180m in order to increase liquidity in the foreign exchange market. 2. Troops kill 18 Boko Haram insurgents in Yobe Troops have killed no fewer than 18 Boko Haram... Read More

CBN, central bank of Nigeria, commercial motorcycles, forfeit salaries, Herdsmen attack, The Big 5, troops

February 28, 2017

CBN releases additional $180m into forex market

by Azeez Adeniyi The Central Bank of Nigeria (CBN) on Monday released additional $180m in order to increase liquidity in the foreign exchange market. This was disclosed by the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor. He said $100 million was released into the wholesale forwards segment of the market, while $80m was... Read More

$180m, CBN, central bank of Nigeria, foreign exchange, Forex

February 27, 2017

EDITORIAL: It will take a lot more than this new monetary policy to undo the damage CBN has done

After months of taking a battering at the foreign exchange markets, this past week has seen the naira appreciate against the dollar from upwards of N500 to a dollar to N440 to a dollar, and the spread between the official and parallel exchange market rates reduce significantly. This is largely due to the new policy... Read More

Cover Stories, Thinking Through

CBN, central bank of Nigeria, Emefiele, naira

February 27, 2017

Peregrino Brimah: Buhari down, Naira up

by Peregrino Brimah I hate to say I told you so. July last year we released one more of several alerts as to the danger and damage of CBN governor Godwin Emefiele to the Nigerian economy. The article was titled, “Recession: Nigeria’s Economy Cannot Improve So Long As Godwin Emefiele Remains In Charge.” In it,... Read More

Opinion, Thinking Through

CBN, economic policy, Forex, nigeria, opinion, Peregrino Brimah, Yemi Osinbajo

February 24, 2017

Reps threaten to arrest Emefiele over missing $17bn

by Azeez Adeniyi The House of Representatives ad hoc Committee investigating the alleged stolen 17 billion dollars oil and gas sales on Thursday ordered Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, to appear before it within seven days. The committee threatened to arrest Emefiele if he fails to honour the invitation. Chairman of... Read More

arrest, CBN, Godwin Emefiele, House of Reps, Missing $17bn

February 21, 2017

The Big 5: These are the stories you should be monitoring today

These are the top five stories you should monitor today. Xenophobia: South Africans issue fresh threats to Nigerians The Nigerian community in South Africa on Monday said some of its members have been receiving fresh threats from the locals in the country. 2. FG summons South African envoy over renewed xenophobic attacks The Federal Government on... Read More

CBN, gunmen, money laundering, nnpc, PDP, south africa, The Big 5

February 21, 2017

The YNaija Tracklist: ‘Gunmen abduct army lieutenant in Lagos’ | Rawlings backs Buhari’s anti-corruption fight | More stories

From the papers this morning – a Tracklist. Xenophobia: South Africans issue fresh threats to Nigerians – YNaija ‘Gunmen abduct army lieutenant in Lagos’ – YNaija FG summons South African envoy over renewed xenophobic attacks – YNaija Probe CBN, NNPC officials for money laundering, Senate tells EFCC – YNaija PDP crisis: Sheriff meets Jonathan, Makarfi... Read More

anti-corruption, CBN, Donald Trump. Xenophobia, FG, nnpc, south africa, The YNaija Tracklist

February 21, 2017

Probe CBN, NNPC officials for money laundering, Senate tells EFCC

by Azeez Adeniyi The Senate on Monday urged the Economic and Financial Crimes Commission (EFCC) to probe Central Bank of Nigeria and Nigerian National Petroleum Corporation (NNPC) officials over alleged laundering of foreign exchange. Members of the Senate Committee on Anti-Corruption and Financial Crimes said this when the Acting Chairman, EFCC, Ibrahim Magu appeared before... Read More

CBN, money launderinf, nnpc, officals, PROBE

February 20, 2017

Just In: Central bank introduces new foreign exchange policy

The Central Bank of Nigeria (CBN) has released a new foreign exchange policy. In a statement on Monday, the CBN it would henceforth provide direct additional funding to banks. The apex bank said this will ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions. It said the needs of Nigerians for personal and business... Read More

CBN, central bank of Nigeria, dollar, foreign exchange, National economic council

February 19, 2017

Simon Kolawole: Is fake news the new normal?

by Simon Kolawole Heard the latest? The Central Bank of Nigeria has been selling the elusive dollar to some end users at 61 kobo/US$1, while the rest of us are busy buying the stuff at over N500/$1 in the parallel market. Goodness Gracious! It is time to fire Mr. Godwin Emefiele as the CBN governor.... Read More

CBN, Emefiele, fake news, nigeria, opinion, simon kolawole

February 15, 2017

N1.1bn budget support fund: Fayose visits finance ministry

by Dolapo Adelana Ekiti governor Ayodele Fayose Wednesday visited the headquarters of the Ministry for Finance, The Punch reports. The governor had on Tuesday accused the Federal Government of withholding the N1.1bn budget support fund from the state for the month of January. Fayose, demanded the release of the funds, as he requested to see the Minister... Read More

Ayodele Fayose, CBN, Ekiti, kemi Adeosun, N1.1bn budget support fund

February 15, 2017

BREAKING: World Bank to give Nigeria $2.5bn loan

The World Bank has agreed to give Nigeria a $2.5bn loan to support the budget. According to leading economic website, Business Day, the first tranche of $1.5bn will be released following Forex reforms by the Central Bank of Nigeria. BREAKING: @WorldBank agrees to $2.5bn #budget support for Nigeria. First tranche of $1.5bn tied to CBN reform... Read More

$2.5bn, Budget support, CBN, nigeria, World Bank

February 13, 2017

Ex-CBN staff forfeits properties to FG for operating fake polytechnic

The Economic and Financial Crimes Commission (EFCC) Ibadan Zonal office today, February , 13, 2017, executed the interim order granted by Honourable Justice Taiwo Taiwo of Federal High Court, Ado Ekiti against one Johnson Babalola in respect of the property of TEEDEK POLYTECHNIC, Ilogbo- Ekiti allegedly operating without the requisite government approval. The property is... Read More

CBN, EFCC, Fake polytechnic, Johnson Babatola, Justice Taiwo Taiwo, Properties

February 10, 2017

Opinion: Despite the recession, this is why the CBN cannot float the naira yet

by Bolarinwa Durojaiye We all know that the Central Bank of Nigeria needs to float the Naira. Hopes that this had been done in mid-2016 when the CBN announced the introduction of the ‘automatic adjustment mechanism of the exchange rate’ in a flexible foreign exchange regime were soon dashed when it became obvious that there... Read More

CBN, devaluation, Emefiele, Forex, naira, nigeria, recession

February 7, 2017

Reps summon Emefiele over allocation of Forex to oil companies

The House of Representatives ad hoc committee on the review of price of petroleum on Monday summoned the Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele to appear before it over allocation of foreign exchange to oil marketers for importation of petroleum products. Emefiele’s summon is coming after the Nigeria Navy indicted the... Read More

Ad hoc committe, CBN, Forex, House of Reps, Nigerian Navy, oil companies

February 5, 2017

Analysis: The CBN is descending to shameful depths never seen before

by Mark Amaza Early last month, a shadowy Twitter account, EmefieleStays was created and has been engaging in a social media campaign advocating for the retention of the Governor of the Central Bank of Nigeria, Godwin Emefiele who has been severely criticised locally and internationally for his counter-productive monetary policies that have kept Nigeria mired... Read More

Thinking Through

CBN, central bank of Nigeria, EmefieleStays, Godwin Emefiele, recession, TwitterNG

February 4, 2017

The Thread: When CBN ‘fell the hands’ of Nigerians

Last year November, Oo Nwoye began a petition to get Godwin Emefiele, CBN governor out of office for dastardly monetary policies that harmed, rather than enabled Nigeria’s economic growth. In response to that petition, a Twitter handle @EmefieleStays was born this January. Apparently, in an attempt to justify why Emefiele must indeed stay, they mixed... Read More

CBN, Emefiele, nigeria, The Thread, twitter.

January 30, 2017

The YNaija Tracklist: Ondo Assembly crisis: Police grill paymaster, lawmakers | We will ensure Kashamu is extradited to the US – NDLEA | More stories

From the papers this morning – a Tracklist. Ondo Assembly crisis: Police grill paymaster, lawmakers – YNaija How cabal has been blocking us from meeting Buhari – CAN – YNaija We will ensure Kashamu is extradited to the US – NDLEA – YNaija El-Rufai should produce killer herdsmen he gave money – Apostle Suleiman –... Read More

Apostle Johnson Suleiman, CBN, Nasir el-Rufai, Ondo Assembly, The YNaija Tracklist

January 29, 2017

We don’t fix forex rates for individuals, companies transactions – CBN

The Central Bank of Nigeria (CBN) has said the sale of forex under the new policy is transparent. In a statement on Sunday by its Director of Corporate Communications, the CBN said it does not fix forex rates for transactions by individuals or companies. “Following reports alleging irregularities in the rates at which foreign exchange... Read More

CBN, central bank of Nigeria, fix, Forex rates, transactions

January 28, 2017

Forex ban on 41 items irreversible – CBN

The Central Bank has said it would not reverse the ban of foreign exchange sale to importers of 41 items, which the country has the capacity to produce locally. Acting Director, Corporate Communications Department, CBN, Isaac Okoroafor said this in reaction to the OccupyCBN protesters who demanded that the naira should be allowed to float. Okoroafor... Read More

#OccupyCBN, 41 items, CBN, forex ban, FOREX EXCHANGE

January 27, 2017

#OccupyCBN: Nigerians protest at CBN headquarters (PHOTOS)

A group of Nigerians led by PDP member, Deji Adeyanju on Friday protested at the entrance of the Central Bank of Nigeria headquarters in Abuja. The protesters under the #OccupyCBN umbrella are demanding to know what the CBN is doing concerning the forex exchange crisis. See photos below:

#OccupyCBN, Abuja, CBN, foreign exchange, protest

NEWER POSTS 1 … 6 7 8 … 19 OLDER POSTS

15 49.0138 8.38624 arrow 0 arrow 0 4000 1 0 horizontal https://ynaija.com 300 0 1