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Tag: central bank of Nigeria
Suspended CBN Governor Godwin Emefiele Now Confirmed to be in DSS Custody
In a stunning turn of events, the Department of State Services (DSS) has officially confirmed that the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is currently…
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Naira Redesign was to boost the economy, not to cause hardship – Buhari
President Muhammadu Buhari has apologized to Nigerians for the re-design of the naira, stating that the move was not intended to bring hardship. Governor of the Central Bank of Nigeria…
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CBN orders banks to pay new naira notes over the counter — N20k maximum
The Central Bank of Nigeria (CBN) has instructed commercial banks to begin providing the redesigned naira notes to customers over the counter. In a statement released on Thursday, the Central…
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Naira falls to N710 to the dollar
The naira has further depreciated in the black market and is now trading for N710 to the dollar on the Aboki Forex exchange website. According to reports on Wednesday, the…
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FG abandons Twitter for Koo, CBN to launch its own cryptocurrency | 5 Things That Should Matter Today
Across Nigeria’s 36 states and the Federal Capital Territory, these are the top stories you should not miss. FG declares Monday public holiday In commemoration of this year's Democracy Day,…
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#Kebbi88: Atiku decries increasing killings, Experts condemn low power generation despite interventions | 5 Things That Should Matter Today
Across the 36 states of the federation and the FCT, these are the 5 top stories you shouldn't miss out on:INEC to publish comprehensive list of new polling units The…
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Nigeria Immigration introduces new visa fees, Ikeja Electric suspends increased electricity tariff | 5 Things That Should Matter Today
The Nigeria Immigration Service (NIS), has introduced new visa fees for all countries which takes effect from the 1st of October 2020. Comptroller General of Immigration, Muhammad Babandede announced that…
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Subsidising the Naira blocks; Nigeria’s economic takeoff
The naira should be floated to find its exchange rate value on the market if Nigeria’s economy is to become productive, instead of relying on oil revenues, a dependency that…
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Access Bank wraps up the year with more wins at the CBN Sustainability Awards
For more than two years, Access Bank has proven to be way more than just a financial institution, with practical and industry-defining roles in socio-economic policies and operations that have…
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BREAKING: CBN revokes Skye bank license, announces new owner
The Central Bank of Nigeria (CBN) has revoked the operating licence of Skye Bank Plc, with immediate effect, following its (CBN) decision to pause injection of funds processes in the…
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Banks still holding N50bn outside TSA – House Committee
The Chairman, House of Representatives ad-hoc Committee on Treasury Single Account (TSA), Hon. Abubakar Nuhu, on Tuesday said the committee discovered that banks are still holding on to public funds…
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The Big 5: Jonathan accuses Buhari’s government of “lies and propaganda,” Senate to investigate Buhari’s approval of Paris Club refund, and other top stories
Good morning. Here are the top 5 stories you should be monitoring today: Former President Goodluck Ebele Jonathan, in a scathing remark, has accused the incumbent party, All Progressive Congress…
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[The Activism Blog] HURIWA condemns harassment of Aisha Ahmad over non-conservative dressing
Following the ceaseless criticisms trailing the appointment of Mrs Aisha Ahmad as the deputy-governor nominee of the Central Bank of Nigeria, the Human Rights Writers Association of Nigeria (HURIWA) has…
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We should not celebrate Nigeria’s exit from recession yet – Okonkwo
The Managing Director/Chief Executive Officer of Fidelity Bank Plc, Nnamdi Okonkwo has asked Nigerians not to celebrate the exit of the recession announced by the National Bureau of Statistics (NBS),…
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There’s a likelihood recession ended in June – Yemi Kale
The statistician general of the federation, Yemi Kale, says there’s a likelihood that the economic recession in Nigeria ended in the second quarter of 2017. In an interview with Bloomberg,…
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Mutilation of naira notes unacceptable – CBN
The Central Bank of Nigeria has said the mutilation of Naira notes represents an abuse on national sovereignty. CBN’s acting Director of Corporate Communications, Isaac Okorafor said this on Wednesday…
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Etisalat Nigeria resolves $1.2bn indebtedness with banks
The Nigerian Communications Commission (NCC) says Etisalat Nigeria and its creditors have successfully reached a resolution to the $1.2 billion loan. The Director, Public Affairs of the NCC, Tony Ojobo…
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CBN to intervene in Etisalat’s debt crisis
by Azeez Adeniyi The Nigeria Communication Commission on Thursday said the Commission and Central Bank of Nigeria (CBN) will intervene in the Etisalat loan issue. Director of Public Affairs of…
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The Big 10: These are the stories that drove conversations this week
These are the top 10 stories that drove conversations this week. Obasanjo said his generation may have failed Nigerians Former President Olusegun Obasanjo has said his generation may have failed…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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We do not allocate dollars, CBN replies Sanusi
The Central Bank of Nigeria (CBN) has said it is not allocating the US Dollars but has rather set up an interbank foreign exchange market for anyone interested in buying…
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Emefiele, his team should be sacked over falling naira – House of Reps members
Following the continuous fall of the naira's value, some members of the House of Representatives have called for the sack of the governor of the Central Bank of Nigeria, Godwin…
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Buhari’s directive led to the prompt rescue of my wife – Emefiele
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele on Saturday confirmed the release of his wife, Margaret Emefiele who was kidnapped on Friday. It was reported that she was…
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The September Standard
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- How Your Diet Could Be Making Your Snoring Worse
- Celebrating Nigerian Trailblazers: Inspiring Women in Fashion
- Silk: Unraveling Threads of Elegance and Innovation
- Grammy Awards 2024 Red Carpet Fashion: Hits and Misses that Stole the Spotlight
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
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