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Forex: We will sustain intervention – CBN
The Central Bank Nigeria (CBN) has said it will continue to make foreign exchange supply available. This assurance was given in a...

Zenith Bank begins *966# Easybanking customer with airtime giveaway
Following the success of the campaign to reward its customers last year, Zenith Bank Plc has returned with another *966# Eazybanking...

Naira suffers further depreciation against dollar
The Nigerian Naira, on Friday suffered further depreciation after it was sold at N405 to the Dollar at the parallel market. Recall that...

Businessmen accuse International Brewery, SABMILLER Ltd of fraud
There is a looming corporate war in Osun State, as some businessmen accused International Brewery, Ilesa, Osun State of serial fraud...

Buhari launches Economic Recovery and Growth Plan
Following the high rate of inflation and the recession rocking the economy, President Muhammadu Buhari has launched the Nigeria Economic...

UBA promotes 3000 staff
United Bank for Africa (UBA), Africa’s Global Bank operating in 19 African countries, has announced the promotion of 3,000 members of its...

Naira bounces back at parallel market
Naira on Tuesday appreciated against the dollar at the parallel market after a sustained one week depreciation. Naira traded between N380...

Naira falls further to N395 to 1 dollar
The naira on Monday depreciated further at the black market in spite of the commitment of the CBN to boost liquidity in the market, the...

CBN should take price of dollar to N340-N350 – Rewane
The chief executive officer of Financial Derivatives, Bismarck Rewane, has called on the Central Bank of Nigeria (CBN), to resist price...

Oyo to concess, privatise, sell-off moribund assets
Oyo State Government has disclosed that plans are underway to concess, privatise or sell-off some moribund state-owned assets. It stated...

Dollar will crash further – CBN
Central Bank of Nigeria, CBN, on Sunday reiterated its determination to sustain the provision of foreign exchange to ensure Naira gains...

External reserves hit two-week low as naira weakens
The country’s external reserves fell to a two-week low and the naira eased on the black market on Friday after the Central Bank of...

CBN urges Nigerians to report banks that refuse to sell Forex
The Central Bank of Nigeria (CBN) has urged Nigerians to report any bank that refuses to sell Forex to them at the approved rate within...

CBN to begin sale of Forex to BDCs twice weekly
The Central Bank of Nigeria will begin sale of foreign exchange to Bureau De Change operators twice weekly from Monday. This was...

IMF commends CBN for stabilizing Naira
The International Monetary Fund (IMF) has commended the Central Bank of Nigeria (CBN), for recent foreign exchange policy actions. The...

MTN pays additional N30bn fine to Nigerian government
MTN has made an additional payment of N30 billion ($98 million) to the Nigerian government. The money is part of a N330 billion fine...

Forex: High demand raises dollar rate to N380
Increasing demand for the dollar at the parallel market on Thursday resulted in the rise of the greenback currency to N380 from N370 on...

Nigeria’s economy bouncing back – Buhari
President Muhammadu Buhari on Thursday disclosed that the nation’s economy was gradually recovering from the current economic recession....

CBN approves licence for Development Bank of Nigeria
The Central bank of Nigeria (CBN) has approved the grant of a Wholesale Development Finance Institution Licence with national...
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