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Tag: central bank of Nigeria
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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CBN confused over falling naira, economy – TUC
President of the Trade Union Congress, Bobboi Kaigama on Friday said the Central Bank of Nigeria (CBN) is confused and does not have an idea of how to revive the…
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$7bn reserves: Soludo won’t get any apology from me – Falana
Human rights lawyer, Femi Falana on Sunday said he would not apologise to a former governor of the Central Bank of Nigeria, Charles Soludo for alleging that he gave out…
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Falana lied I gave $7bn of Nigeria’s reserves to banks – Soludo
Former Central Bank of Nigeria governor, Charles Soludo has denied claims by lawyer, Femi Falana (SAN) that he unlawfully gave $7 billion of Nigeria’s reserves to banks as loans and never…
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Unpaid stipends: We aren’t plotting to attack CBN – Ex-militants
A former militant group currently part of the ongoing Second Phase Presidential Amnesty Programme has said it would not shut down the Central Bank of Nigeria’s branches in the Niger Delta over…
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Just In: CBN reinstates banks suspended from forex trade
The Central Bank of Nigeria (CBN) on Wednesday reinstated nine banks that were recently suspended from the foreign exchange market over non-remittance of oil money. The apex bank's Director of Banking…
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CBN licenses 11 new international money operators
The Central Bank of Nigeria has licensed 11 new international money operators in the country. In a statement signed by its Ag. Director, Corporate Communications, Isaac Okorafor on Tuesday, the apex…
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5 Sanusi Lamido Sanusi quotes to help us focus on the real issues
by Roqeebah Olaoniye Emir of Kano and former Central Bank Governor, Sanusi Lamido Sanusi, yesterday distinguished himself from the bunch. Yet again. We gave you The Thread HERE. However you…
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These are the banks barred by CBN from forex transactions
The Central Bank of Nigeria has released an updated list of 9 banks who failed to remit $21.2billion meant for the NNPC into the Treasury Single Account. According to the…
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How acting IGP almost caused shootout at CBN headquarters
A shootout between police officers in the convoy of acting Inspector-General of Police, Ibrahim Idris and security guards of the Central Bank of Nigeria almost occurred on Tuesday, SaharaReporters reports.…
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Saatah Nubari: WE will take back our country from THEM in 2019… get ready
by Saatah Nubari I rented an apartment about a week ago and the compound had a big generator house—that was part of the building plan—where tenants kept their generators. The…
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Naira gains beyond expectations in parallel market
The new foreign exchange regime announced by the Central Bank of Nigeria (CBN) appears to be effecting positive reactions on the parallel markets in respect to the naira. The naira bounced…
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Opinion: The impact of the new monetary policy
By SBM Intelligence Two days ago, the Central Bank of Nigeria announced that it would be adopting a flexible exchange rate policy in the management of foreign exchange (FX). The…
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Opinion: Between expectation and delivery; the trouble with mobile money in Nigeria
When the Central Bank of Nigeria introduced Mobile Money in Nigeria, the expectation was that the scheme would not only compete with the Traditional Banking system in Nigeria but would…
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Opinion: Feyi Fawehinmi reviews Buhari’s one year of handling the economy
by Feyi Fawehinmi *This is the third of a 3-part series Let us first set out the marking scheme. Anti-corruption carries 15 marks. Security carries 15 marks. The Economy carries…
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Nigeria will soon start exporting to China – CBN governor
Governor of the Central Bank of Nigeria, Godwin Emefiele has revealed that the agreement signed between Nigeria and China will be beneficial to both countries. During a press conference at…
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Opinion: CBN again limits our freedom to our hard earned money
by Peregrino Brimah With this new restriction we must explain every penny our family and friends in America wire to us to help them build their houses in Nigeria or…
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Opinion: It’s all about the economy, stupid!
by Nasiru Suwaid ...apart from the general relief in averting the doomsday scenario, when the President Goodluck Jonathan conceded defeat, what further galvanized positive hope is the promise of…
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Femi Falana: The ‘dollarization’ of the Nigerian economy must be stopped
by Femi Falana Nigeria has become the largest importer of the United States dollars in the world neither the International Monetary Fund (IMF) nor the World Bank has ever questioned the reckless…
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Atedo Peterside: Tales of the unexpected at NNPC and CBN
by Atedo Peterside Wake up on any day of your choice and accuse NNPC of failing to remit 100% of what is due to the Federation Account and you will…
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Financial literacy series: Saving for a child’s education
by Damilola Jagun We all know there are significant costs associated with education especially at University level. From fees, to equipment to books and general upkeep, the high level of…
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Opinion: On the kind of money Jonathan permits people to steal
by Emmanuel Ugwu This relentless plundering, this progression from stealing in thousands, to stealing in millions, to stealing in billions and now to stealing of trillions, represents a dozen…
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Opinion: Why Soludo abandoned the clear path of reason
by Chuks Iloegbunam For two reasons – spite, and the angling for appointment in a Buhari government of his phantom expectation – Chukwuma Charles Soludo decided to abandon the clear…
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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
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